SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) May 10, 1995
(Exact name of registrant as specified in charter) DDL
Electronics, Inc.
(State or other jurisdiction of incorporation) Delaware
(Commission file number) 1-8101
IRS employer identification No. 33-0213512
(Address of principal executive offices) 7320 SW Hunziker Road,
Tigard, Oregon 97223-2302
Registrant's telephone number, including area code (503)
620-1789
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Item 5.
On May 10, 1995, DDL Electronics, Inc. (the "Company") issued a
press release attached hereto as Exhibit 99.1 indicating that on
May 10 the Company released its third quarter operating
performance information.'
ITEM 7. Exhibits
Exhibit Description
99.1 News release dated May 10, 1995
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.
DDL ELECTRONICS, INC.
By: /s/ M. Charles Van Rossen
M. Charles Van Rossen
Vice President, Finance
(Principal Financial Officer)
Dated: May 11, 1995
Press release:
Subject: DDL Electronics, Inc. Pro Forma Performance for the
Third Quarter Ended March 31, 1995
The Company released today third quarter operating performance
information for its continuing operations on a pro forma basis.
The financial statements exclude operating results from two of
the Company's subsidiaries, Aeroscientific Corp. and A.J.
Electronics, Inc. As previously announced, assets of both
entities were sold earlier in the current fiscal year.
Third Quarter Proforma Operating Statement Highlights
(Unaudited)
DDL Electronics, Inc. and Subsidiaries
($ in thousands except per share amounts)
Three
Months Ended
March 31
1995 1994
Sales $ 6,079 $ 5,637
Costs and Expenses
Cost of goods sold 4,899 5,120
Administrative and Selling Expenses 906 1,631
Operating (loss) 274 (1,114)
Nonoperating income (expense):
Investment income 27 32
Interest expense (112) (205)
Other Income - 1
Gain on sale of assets - -
Income (loss) before extraordinary item 189 (1,286)
Extraordinary item - -
Net income (loss) $ 189 $(1,286)
Primary earnings (loss) per share:
Net income (loss) per share $0.01
($0.08)
Average primary shares (in thousands) 16,013 15,306
Pro forma operating results are presented to reflect the
sale of substantially all of the assets of the Company's two
United States subsidiaries, Aeroscientific Corp. and A.J.
Electronics, Inc., sold to Yamamoto Manufacturing (USA) Inc. and
Raven Industries, Inc., respectively.
