<PAGE>
<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
AMENDMENT NO. 1
QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the three months ended Commission file number 1-7894
September 30, 1994
ERLY INDUSTRIES INC.
(Exact name of registrant as specified in its charter)
California 95-2312900
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
10990 Wilshire Boulevard, Los Angeles, California 90024-3955
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (213) 879-1480
AMENDMENT NO. 1
Part II
The undersigned registrant hereby amends the following items,
financial statements, exhibits or other portions of its Quarterly Report
on Form 10-Q for the three months ended September 30, 1994, as set forth
on the pages attached hereto:
Item 6. Exhibits and Reports on Form 8-K
<PAGE>
<PAGE> 2
ERLY INDUSTRIES INC. AND SUBSIDIARIES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this amendment to be signed on its behalf
by the undersigned, thereunto duly authorized.
ERLY INDUSTRIES INC.
--------------------
Registrant
Date: December 21, 1994 By: /s/ Thomas A. Whitlock
-----------------------
Thomas A. Whitlock
Vice President and
Corporate Controller
<PAGE>
<PAGE> 3
ERLY INDUSTRIES INC. AND SUBSIDIARIES
Item 6. Exhibits and Reports on Form 8-K
(a) Exhibits
(11.1) Calculation of Primary Income Per Share
(11.2) Calculation of Fully Diluted Income Per Share
(27) Financial Data Schedule
(b) No reports on Form 8-K were filed during the quarter ended
September 30, 1994.
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1995
<PERIOD-END> SEP-30-1994
<CASH> 4,421,000
<SECURITIES> 0
<RECEIVABLES> 55,855,000
<ALLOWANCES> 1,968,000
<INVENTORY> 47,256,000
<CURRENT-ASSETS> 107,449,000
<PP&E> 77,244,000
<DEPRECIATION> 22,333,000
<TOTAL-ASSETS> 202,708,000
<CURRENT-LIABILITIES> 103,353,000
<BONDS> 7,313,000
<COMMON> 34,000
0
0
<OTHER-SE> 13,907,000
<TOTAL-LIABILITY-AND-EQUITY> 202,708,000
<SALES> 233,128,000
<TOTAL-REVENUES> 233,128,000
<CGS> 199,432,000
<TOTAL-COSTS> 199,432,000
<OTHER-EXPENSES> 18,920,000
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 7,848,000
<INCOME-PRETAX> 6,928,000
<INCOME-TAX> 1,509,000
<INCOME-CONTINUING> 5,419,000
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 5,419,000
<EPS-PRIMARY> 1.29
<EPS-DILUTED> 1.22
</TABLE>