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Previous: CANADIAN NATIONAL RAILWAY CO, F-4/A, 1998-05-05 |
Next: PHOENIX SERIES FUND, 497, 1998-05-05 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended December 31, 1997
Commission File Number 1-5828
CARPENTER TECHNOLOGY CORPORATION
(Exact name of Registrant as specified in its Charter)
Delaware 23-0458500
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
101 West Bern Street, Reading, Pennsylvania 19612-4662
(Address of principal executive offices) (Zip Code)
610-208-2000
(Registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed
all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes X No
--- ---
Indicate the number of shares outstanding of each of the issuer's
classes of common stock as of April 13, 1998.
Common stock, $5 par value 22,829,298
Class Number of shares outstanding
The Exhibit Index appears on page 4.
- 1 -
<PAGE>
CARPENTER TECHNOLOGY CORPORATION
FORM 10-Q/A
INDEX
Page
----
Part II OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K............... 3
Signatures.............................................. 3
Exhibit Index............................................. 4
- 2 -
<PAGE>
PART II - OTHER INFORMATION
---------------------------
Item 6. Exhibits and Reports on Form 8-K
The registrant hereby amends Exhibit 27 of this item of
its Quarterly Report on Form 10-Q for the quarterly
period ended December 31, 1997, in accordance with
Section XI.B.4.b item 601(c) of Regulation S-K and
Regulation S-B, as set forth in the pages attached
hereto.
SIGNATURES
----------
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.
CARPENTER TECHNOLOGY CORPORATION
--------------------------------
(Registrant)
Date: May 5, 1998 s/G. Walton Cottrell
------------------- -----------------------------------
G. Walton Cottrell
Sr. Vice President - Finance
and Chief Financial Officer
- 3 -
<PAGE>
EXHIBIT INDEX
-------------
Exhibit No. Title Page
- ----------- ----- ----
27.1 Financial Data Schedule - E-1
December 31, 1997.
27.2 Restated Financial Data Schedule - E-2
September 30, 1997.
27.3 Restated Financial Data Schedule - E-3
June 30, 1997.
27.4 Restated Financial Data Schedule - E-4
March 31, 1997.
27.5 Restated Financial Data Schedule - E-5
December 31, 1996.
27.6 Restated Financial Data Schedule - E-6
September 30, 1996.
27.7 Restated Financial Data Schedule - E-7
June 30, 1996.
- 4 -
<PAGE>
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-END> DEC-31-1997
<CASH> $34,965
<SECURITIES> $0
<RECEIVABLES> $158,483
<ALLOWANCES> $0
<INVENTORY> $278,689
<CURRENT-ASSETS> $642,943
<PP&E> $1,046,920
<DEPRECIATION> $441,853
<TOTAL-ASSETS> $1,634,277
<CURRENT-LIABILITIES> $472,687
<BONDS> $372,310
$0
$28,028
<COMMON> $98,888
<OTHER-SE> $349,731
<TOTAL-LIABILITY-AND-EQUITY> $1,634,277
<SALES> $529,451
<TOTAL-REVENUES> $529,451
<CGS> $382,266
<TOTAL-COSTS> $382,266
<OTHER-EXPENSES> $(1,360)
<LOSS-PROVISION> $0
<INTEREST-EXPENSE> $14,013
<INCOME-PRETAX> $59,182
<INCOME-TAX> $23,422
<INCOME-CONTINUING> $35,760
<DISCONTINUED> $0
<EXTRAORDINARY> $0
<CHANGES> $0
<NET-INCOME> $35,760
<EPS-PRIMARY> $1.79
<EPS-DILUTED> $1.71
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<RESTATED>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-END> SEP-30-1997
<CASH> $15,639
<SECURITIES> $0
<RECEIVABLES> $145,614
<ALLOWANCES> $0
<INVENTORY> $238,235
<CURRENT-ASSETS> $415,745
<PP&E> $964,001
<DEPRECIATION> $431,494
<TOTAL-ASSETS> $1,266,138
<CURRENT-LIABILITIES> $251,974
<BONDS> $284,734
$0
$28,128
<COMMON> $98,448
<OTHER-SE> $334,158
<TOTAL-LIABILITY-AND-EQUITY> $1,266,138
<SALES> $249,495
<TOTAL-REVENUES> $249,495
<CGS> $179,419
<TOTAL-COSTS> $179,419
<OTHER-EXPENSES> $78
<LOSS-PROVISION> $0
<INTEREST-EXPENSE> $5,848
<INCOME-PRETAX> $27,941
<INCOME-TAX> $10,857
<INCOME-CONTINUING> $17,084
<DISCONTINUED> $0
<EXTRAORDINARY> $0
<CHANGES> $0
<NET-INCOME> $17,084
<EPS-PRIMARY> $.86
<EPS-DILUTED> $.82
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<RESTATED>
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-END> JUN-30-1997
<CASH> $18,620
<SECURITIES> $0
<RECEIVABLES> $159,863
<ALLOWANCES> $0
<INVENTORY> $211,483
<CURRENT-ASSETS> $402,213
<PP&E> $936,456
<DEPRECIATION> $422,820
<TOTAL-ASSETS> $1,223,001
<CURRENT-LIABILITIES> $258,045
<BONDS> $244,726
$0
$28,224
<COMMON> $98,215
<OTHER-SE> $322,868
<TOTAL-LIABILITY-AND-EQUITY> $1,223,001
<SALES> $939,000
<TOTAL-REVENUES> $939,000
<CGS> $697,892
<TOTAL-COSTS> $697,892
<OTHER-EXPENSES> $(3,050)
<LOSS-PROVISION> $0
<INTEREST-EXPENSE> $19,930
<INCOME-PRETAX> $97,871
<INCOME-TAX> $37,878
<INCOME-CONTINUING> $59,993
<DISCONTINUED> $0
<EXTRAORDINARY> $0
<CHANGES> $0
<NET-INCOME> $59,993
<EPS-PRIMARY> $3.32
<EPS-DILUTED> $3.16
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<RESTATED>
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-END> MAR-31-1997
<CASH> $26,487
<SECURITIES> $0
<RECEIVABLES> $153,751
<ALLOWANCES> $0
<INVENTORY> $206,653
<CURRENT-ASSETS> $400,356
<PP&E> $919,226
<DEPRECIATION> $415,088
<TOTAL-ASSETS> $1,201,663
<CURRENT-LIABILITIES> $246,619
<BONDS> $247,784
$0
$28,405
<COMMON> $97,996
<OTHER-SE> $305,290
<TOTAL-LIABILITY-AND-EQUITY> $1,201,663
<SALES> $654,285
<TOTAL-REVENUES> $654,285
<CGS> $489,340
<TOTAL-COSTS> $489,340
<OTHER-EXPENSES> $167
<LOSS-PROVISION> $0
<INTEREST-EXPENSE> $14,127
<INCOME-PRETAX> $60,454
<INCOME-TAX> $23,238
<INCOME-CONTINUING> $37,216
<DISCONTINUED> $0
<EXTRAORDINARY> $0
<CHANGES> $0
<NET-INCOME> $37,216
<EPS-PRIMARY> $2.12
<EPS-DILUTED> $2.04
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<RESTATED>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-END> DEC-31-1996
<CASH> $12,137
<SECURITIES> $0
<RECEIVABLES> $108,433
<ALLOWANCES> $0
<INVENTORY> $184,693
<CURRENT-ASSETS> $320,818
<PP&E> $859,396
<DEPRECIATION> $406,539
<TOTAL-ASSETS> $948,398
<CURRENT-LIABILITIES> $188,526
<BONDS> $187,905
$0
$28,456
<COMMON> $97,807
<OTHER-SE> $194,865
<TOTAL-LIABILITY-AND-EQUITY> $948,398
<SALES> $403,416
<TOTAL-REVENUES> $403,416
<CGS> $300,387
<TOTAL-COSTS> $300,387
<OTHER-EXPENSES> $(369)
<LOSS-PROVISION> $0
<INTEREST-EXPENSE> $8,902
<INCOME-PRETAX> $35,318
<INCOME-TAX> $13,596
<INCOME-CONTINUING> $21,722
<DISCONTINUED> $0
<EXTRAORDINARY> $0
<CHANGES> $0
<NET-INCOME> $21,722
<EPS-PRIMARY> $1.26
<EPS-DILUTED> $1.20
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<RESTATED>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-END> SEP-30-1996
<CASH> $14,444
<SECURITIES> $0
<RECEIVABLES> $113,243
<ALLOWANCES> $0
<INVENTORY> $164,858
<CURRENT-ASSETS> $307,402
<PP&E> $829,220
<DEPRECIATION> $398,520
<TOTAL-ASSETS> $908,921
<CURRENT-LIABILITIES> $164,258
<BONDS> $187,990
$0
$28,515
<COMMON> $97,752
<OTHER-SE> $186,026
<TOTAL-LIABILITY-AND-EQUITY> $908,921
<SALES> $194,746
<TOTAL-REVENUES> $194,746
<CGS> $148,318
<TOTAL-COSTS> $148,318
<OTHER-EXPENSES> $72
<LOSS-PROVISION> $0
<INTEREST-EXPENSE> $4,426
<INCOME-PRETAX> $12,375
<INCOME-TAX> $4,300
<INCOME-CONTINUING> $8,075
<DISCONTINUED> $0
<EXTRAORDINARY> $0
<CHANGES> $0
<NET-INCOME> $8,075
<EPS-PRIMARY> $.46
<EPS-DILUTED> $.45
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<RESTATED>
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-END> JUN-30-1996
<CASH> $13,159
<SECURITIES> $0
<RECEIVABLES> $137,103
<ALLOWANCES> $0
<INVENTORY> $160,452
<CURRENT-ASSETS> $324,470
<PP&E> $809,697
<DEPRECIATION> $390,225
<TOTAL-ASSETS> $911,971
<CURRENT-LIABILITIES> $171,975
<BONDS> $188,024
$0
$28,581
<COMMON> $97,729
<OTHER-SE> $182,767
<TOTAL-LIABILITY-AND-EQUITY> $911,671
<SALES> $865,324
<TOTAL-REVENUES> $865,324
<CGS> $636,783
<TOTAL-COSTS> $636,783
<OTHER-EXPENSES> $1,543
<LOSS-PROVISION> $0
<INTEREST-EXPENSE> $18,935
<INCOME-PRETAX> $95,170
<INCOME-TAX> $35,022
<INCOME-CONTINUING> $60,148
<DISCONTINUED> $0
<EXTRAORDINARY> $0
<CHANGES> $0
<NET-INCOME> $60,148
<EPS-PRIMARY> $3.54
<EPS-DILUTED> $3.38
</TABLE>
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