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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 10-Q/A
Quarterly Report Under Section 13 or 15(d) of
the Securities Exchange Act of 1934
For Quarter Ended: June 30, 1995
Commission File Number: 1-5642
DRAVO CORPORATION
(Exact name of registrant as specified in its charter)
Pennsylvania 25-0447860
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
One Oliver Plaza, Pittsburgh, Pennsylvania 15222
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (412) 566-3000
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
The number of shares outstanding of each of the registrant's classes of common
stock as of July 31, 1995:
Title of Class Shares Outstanding
Common Stock, $1.00 par value 14,700,296
DRAVO CORPORATION AND SUBSIDIARIES
INDEX
PART I - FINANCIAL INFORMATION
Page No.
Consolidated Balance Sheets at June 30, 1995
and December 31, 1994 3, 4
Consolidated Statements of Operations for the
Quarters ended June 30, 1995 and 1994 5
Consolidated Statements of Operations for the
Six months ended June 30, 1995 and 1994 6
Consolidated Statements of Cash Flows for the
Quarters ended June 30, 1995 and 1994 7, 8
Notes to Consolidated Financial Statements 9 - 14
Management's Discussion and Analysis of Financial
Condition and Results of Operations 15, 16
PART II - OTHER INFORMATION
Item 4. Submission of Matters to a Vote of Security
Holders 17
Item 6. Exhibits and Reports on Form 8-K 17
SIGNATURES 18
-2-
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.
DRAVO CORPORATION
(Registrant)
Date: August 14, 1995 /s/ERNEST F. LADD III
Ernest F. Ladd III
Executive Vice President and
Chief Financial Officer
Date: August 14, 1995 /s/LARRY J. WALKER
Larry J. Walker
Vice President and Controller
(Principal Accounting Officer)
-18-
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM DRAVO
CORPORATION'S JUNE 30, 1995 FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<CASH> 399
<SECURITIES> 0
<RECEIVABLES> 26340
<ALLOWANCES> 108
<INVENTORY> 13433
<CURRENT-ASSETS> 42473
<PP&E> 215084
<DEPRECIATION> 104678
<TOTAL-ASSETS> 203535
<CURRENT-LIABILITIES> 43591
<BONDS> 0
<COMMON> 15039
20000
26
<OTHER-SE> 63446
<TOTAL-LIABILITY-AND-EQUITY> 203535
<SALES> 69602
<TOTAL-REVENUES> 69602
<CGS> 51421
<TOTAL-COSTS> 51421
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 2564
<INCOME-PRETAX> 5649
<INCOME-TAX> 396
<INCOME-CONTINUING> 5253
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 5253
<EPS-PRIMARY> .27
<EPS-DILUTED> 0
</TABLE>
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