<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q/A
/ X / Quarterly Report pursuant to Section 13 or 15(d)
of the Securities and Exchange Act of 1934
For the quarterly period ended January 31, 1998.
or
/ / Transition Report pursuant to Section 13 or 15(d)
of the Securities and Exchange Act of 1934
For the transition period from _____ to _____.
Commission file number: 0-6132
CANTEL INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Delaware 22-1760285
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(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
1135 Broad Street, Clifton, New Jersey 07013-3346
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code
(973) 470-8700
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Indicate by check mark whether 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 the filing
requirements for the past 90 days. Yes X No
Number of shares of Common Stock outstanding as of March 6, 1998: 4,166,322.
<PAGE>
PART II - OTHER INFORMATION
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits
Exhibit 11, Computation of Earnings Per Share
Exhibit 27, Financial Data Schedule
Exhibit 27.1, Financial Data Schedule
Exhibit 27.2, Financial Data Schedule
Exhibit 27.3, Financial Data Schedule
(b) Reports on Form 8-K
There were no reports on Form 8-K filed for the three months
ended January 31, 1998.
1
<PAGE>
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.
CANTEL INDUSTRIES, INC.
Date: April 3, 1998 By: /s/ James P. Reilly
---------------------------------
James P. Reilly, President
and Chief Executive Officer
(Principal Executive Officer
and Principal Financial Officer)
By: /s/ Craig A. Sheldon
---------------------------------
Craig A. Sheldon, Vice
President and Controller
(Chief Accounting Officer)
2
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONDENSED CONSOLIDATED BALANCE SHEET AT JANUARY 31, 1997 AND THE CONDENSED
CONSOLIDATED STATEMENT OF INCOME FOR THE SIX MONTHS ENDED JANUARY 31, 1997 AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-END> JAN-31-1997
<CASH> 842,000
<SECURITIES> 0
<RECEIVABLES> 6,254,000
<ALLOWANCES> 0
<INVENTORY> 8,857,000
<CURRENT-ASSETS> 16,439,000
<PP&E> 2,445,000
<DEPRECIATION> 1,794,000
<TOTAL-ASSETS> 18,095,000
<CURRENT-LIABILITIES> 4,885,000
<BONDS> 2,317,000
0
0
<COMMON> 417,000
<OTHER-SE> 10,372,000
<TOTAL-LIABILITY-AND-EQUITY> 18,095,000
<SALES> 15,051,000
<TOTAL-REVENUES> 17,026,000
<CGS> 9,952,000
<TOTAL-COSTS> 11,181,000
<OTHER-EXPENSES> 4,373,000
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 92,000
<INCOME-PRETAX> 1,380,000
<INCOME-TAX> 716,000
<INCOME-CONTINUING> 664,000
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 664,000
<EPS-PRIMARY> 0.17
<EPS-DILUTED> 0.15
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONDENSED CONSOLIDATED BALANCE SHEET AT OCTOBER 31, 1997 AND THE CONDENSED
CONSOLIDATED STATEMENT OF INCOME FOR THE THREE MONTHS ENDED OCTOBER 31, 1997 AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JUL-31-1998
<PERIOD-END> OCT-31-1997
<CASH> 597,000
<SECURITIES> 0
<RECEIVABLES> 5,067,000
<ALLOWANCES> 0
<INVENTORY> 8,921,000
<CURRENT-ASSETS> 15,144,000
<PP&E> 2,595,000
<DEPRECIATION> 1,814,000
<TOTAL-ASSETS> 16,785,000
<CURRENT-LIABILITIES> 3,403,000
<BONDS> 2,207,000
0
0
<COMMON> 417,000
<OTHER-SE> 10,678,000
<TOTAL-LIABILITY-AND-EQUITY> 16,785,000
<SALES> 7,230,000
<TOTAL-REVENUES> 8,192,000
<CGS> 4,965,000
<TOTAL-COSTS> 5,502,000
<OTHER-EXPENSES> 2,116,000
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 33,000
<INCOME-PRETAX> 541,000
<INCOME-TAX> 248,000
<INCOME-CONTINUING> 293,000
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 293,000
<EPS-PRIMARY> 0.07
<EPS-DILUTED> 0.07
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONDENSED CONSOPLIDATED BALANCE SHEET AT OCTOBER 31, 1996 AND THE CONDENSED
CONSOLIDATED STATEMENT OF INCOME FOR THE THREE MONTHS ENDED OCTOBER 31, 1996 AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JUL-31-1997
<PERIOD-END> OCT-31-1996
<CASH> 716,000
<SECURITIES> 0
<RECEIVABLES> 5,349,000
<ALLOWANCES> 0
<INVENTORY> 8,867,000
<CURRENT-ASSETS> 15,334,000
<PP&E> 2,463,000
<DEPRECIATION> 1,770,000
<TOTAL-ASSETS> 17,051,000
<CURRENT-LIABILITIES> 4,294,000
<BONDS> 2,772,000
0
0
<COMMON> 390,000
<OTHER-SE> 9,493,000
<TOTAL-LIABILITY-AND-EQUITY> 17,051,000
<SALES> 6,434,000
<TOTAL-REVENUES> 7,415,000
<CGS> 4,251,000
<TOTAL-COSTS> 4,879,000
<OTHER-EXPENSES> 1,977,000
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 47,000
<INCOME-PRETAX> 512,000
<INCOME-TAX> 290,000
<INCOME-CONTINUING> 222,000
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 222,000
<EPS-PRIMARY> 0.06
<EPS-DILUTED> 0.05
</TABLE>
