FORM 10-QSB
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
QUARTERLY REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 1996.
Commission File No. 1-8129.
US 1 INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Indiana 95-3585609
(State of Incorporation) (IRS Employer Identification No.)
1000 Colfax, Gary, Indiana 46406
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (219) 944-6116
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 ___
As of August 12, 1996, 9,829,336 shares of common stock were outstanding.
TOTAL OF SEQUENTIALLY
NUMBERED PAGES: 13
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<S> <C> <C> <C> <C>
EARNINGS (LOSS) PER COMMON SHARE:
Earnings (loss) from continued
operations $ 0.01 $ $ 0.02 $ .01
Discontinued operations (.02) (.05)
------------ ------------ ------------ ------------
Earnings (loss) $ 0.01 $ (.02) $ 0.02 $ (.04)
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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 there unto duly authorized.
US 1 Industries, Inc.
Michael E. Kibler
President
James C. Day
Chief Financial Officer
August 19, 1996
