DESOTO INC
10-Q/A, 1995-06-27
PAINTS, VARNISHES, LACQUERS, ENAMELS & ALLIED PRODS
Previous: DELAWARE GROUP DELAWARE FUND INC, NSAR-A, 1995-06-27
Next: DIEBOLD INC, 11-K, 1995-06-27



                                                        PAGE 1


                      SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                          FORM 10-Q/A AMENDMENT NO. 1

      /X/ Quarterly report pursuant to Section 13 or 15(d) of the
          Securities Exchange Act of 1934

          For the quarterly period ended March 31, 1995 or

      / / Transition report pursuant to Section 13 or 15 (d) of
          the Securities Exchange Act of 1934

          For the transition period from ____________ to ____________


Commission file number               1-1915


                          DeSoto, Inc.
(Exact name of registrant as specified in its charter)


              Delaware                            36-1899490
     (State or other jurisdiction of            (I.R.S. Employer
      incorporation or organization)            Identification No.)



16750 South Vincennes Road, South Holland, Illinois  60473
           (Address of principal executive offices)


                         708 - 331 - 8800
         (Registrant's telephone number, including area code)



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 and (2) has been subject to such filing
requirements for the past 90 days.    Yes  X            No




At April 30, 1995 the registrant had 4,671,707 shares of common
stock outstanding.















                                                  PAGE 2


SIGNATURE


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.



                              DeSOTO, INC.
                              (Registrant)





                              Anne E. Eisele
                              ----------------------------
                              Anne E. Eisele
                              Senior Vice President
                              (Principal Financial Officer)



         June 26, 1995
- ---------------------------------
             Date


<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
Consolidated Statements of Operations and the Consolidated Balance Sheets
and is qualified in its entirety by reference to such financial statements.
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               MAR-31-1995
<CASH>                                           1,488
<SECURITIES>                                         0
<RECEIVABLES>                                    9,802
<ALLOWANCES>                                         0
<INVENTORY>                                      7,848
<CURRENT-ASSETS>                                23,050
<PP&E>                                          22,981
<DEPRECIATION>                                  15,319
<TOTAL-ASSETS>                                  81,352
<CURRENT-LIABILITIES>                           33,901
<BONDS>                                              0
<COMMON>                                         5,619
                            3,704
                                          0
<OTHER-SE>                                      14,472
<TOTAL-LIABILITY-AND-EQUITY>                    81,352
<SALES>                                         18,927
<TOTAL-REVENUES>                                18,927
<CGS>                                           19,443
<TOTAL-COSTS>                                   20,576
<OTHER-EXPENSES>                                 (271)
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 247
<INCOME-PRETAX>                                (1,625)
<INCOME-TAX>                                     (603)
<INCOME-CONTINUING>                            (1,022)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (1,022)
<EPS-PRIMARY>                                   (0.24)
<EPS-DILUTED>                                   (0.24)
        

</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission