Form 10-Q Quarterly Report
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
__X__ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended _________August 27, 1994_____
Commission file number _________________1-5901_______________
_____________________Fab Industries, Inc._________________________
(Exact name of registrant as specified in its charter)
_____________Delaware__________ ______13-2581181_______
(State or other jurisdiction of (I. R. S. Employer)
incorporation or organization) Identification No.)
___200 Madison Avenue, New York, N.Y.____ __10016___
(Address of principal executive offices) (Zip Code)
______________(212) 592-2700_______________________
(Registrant's telephone number, including area code)
________________________N/A_______________________
(Former name, former address and former fiscal year;
if changed since last report)
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__________
Indicate the number of shares outstanding of each of the issuer's
classes of common stock, as of the latest practical date:
_______CLASS_____________ _Shares Outstanding at Oct 11, 1994_
Common stock, $.20 par value 6,160,440
<PAGE>
FAB INDUSTRIES, INC. AND SUBSIDIARIES
TABLE OF CONTENTS
PART I - FINANCIAL INFORMATION PAGE
Item 1.
Consolidated Statements of Income
13 Weeks ended Aug. 27, 1994 and August 28, 1993 3
Consolidated Statements of Income
39 Weeks ended Aug. 27, 1994 and August 28, 1993 4
Consolidated Balance Sheets (Asset Section)
Aug. 27, 1994 and November 27, 1993 5
Consolidated Balance Sheets (Liability Section)
Aug. 27, 1994 and November 27, 1993 6
Consolidated Statements of Stockholders Equity
39 Weeks ended Aug. 27, 1994 and November 27, 1993 7
Consolidated Statements of Cash Flows
39 Weeks ended Aug. 27, 1994 and November 27, 1993 8
Notes to Consolidated Financial Statements 9
Item 2. Management's Discussion and Analysis
of Financial Condition and
Results of Operations 12
PART II - OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K 14
SIGNATURES 17
OTHER:
EXHIBIT 27- Financial Data Summary 18
(2)
<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.
Dated: October 10, 1994 FAB INDUSTRIES, INC.
By:___s/Howard Soren/_______
Howard Soren, Vice
President and Treasurer
By:____s/David A. Miller/______
David A. Miller, Controller
and Chief Accounting Officer
[FN]
(17)
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE BALANCE SHEET AND INCOME STATEMENT FOR THIRTY NINE WEEKS OF
FAB INDUSTRIES, INC., AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<FISCAL-YEAR-END> DEC-03-1994
<PERIOD-TYPE> 9-MOS
<PERIOD-END> AUG-27-1994
<CASH> 6,710
<SECURITIES> 54,560
<RECEIVABLES> 34,105
<ALLOWANCES> 1,800
<INVENTORY> 26,314
<CURRENT-ASSETS> 122,424
<PP&E> 97,367
<DEPRECIATION> 65,779
<TOTAL-ASSETS> 156,244
<CURRENT-LIABILITIES> 17,032
<BONDS> 743
<COMMON> 1,297
0
0
<OTHER-SE> 130,181
<TOTAL-LIABILITY-AND-EQUITY> 156,244
<SALES> 137,912
<TOTAL-REVENUES> 137,912
<CGS> 111,315
<TOTAL-COSTS> 111,315
<OTHER-EXPENSES> 12,835
<LOSS-PROVISION> 200
<INTEREST-EXPENSE> 90
<INCOME-PRETAX> 15,527
<INCOME-TAX> 5,290
<INCOME-CONTINUING> 10,237
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 10,237
<EPS-PRIMARY> 1.65
<EPS-DILUTED> 1.65
</TABLE>
