UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D)
OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 1999
[ ] 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 0-?
HOMASOTE COMPANY
(Exact name of registrant as specified in its charter)
NEW JERSEY 21-0388986
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
LOWER FERRY ROAD, WEST TRENTON, NJ 08628
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (609) 883-3300
Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by section 13 or 15 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. (X)Yes ( )No
At September 30, 1999, 348,599 shares of common stock of the
registrant were outstanding.
<TABLE>
<CAPTION>
Homasote Company and Subsidiary
CONSOLIDATED BALANCE SHEETS
ASSETS
September 30, December 31,
1999 1998
------------ -----------
(UNAUDITED)
<S> <C> <C>
CURRENT ASSETS
Cash and cash equivalents $ 101,717 $ 1,115,815
Accounts receivable (net
of allowance for doubtful
accounts of $41,392 and
$41,464 in 1999 and 1998,
respectively) 2,163,187 1,897,904
Inventories 3,001,515 3,828,817
Refundable income taxes
Part 2
OTHER INFORMATION
September 30, 1999
ITEM 9
EXHIBITS AND REPORTS ON FORM 8-K
(b) Reports on Form 8-K - There are no reports on Form
8-K filed for the nine months ended September 30, 1999.
OTHER INFORMATION
Pursuant of 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.
HOMASOTE COMPANY
(Registrant)
James M. Reiser, Vice
President
Date and Chief Financial Officer
(Signature)
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> SEP-30-1999
<CASH> 102
<SECURITIES> 0
<RECEIVABLES> 2,163
<ALLOWANCES> 41
<INVENTORY> 3,002
<CURRENT-ASSETS> 5,736
<PP&E> 39,022
<DEPRECIATION> 28,352
<TOTAL-ASSETS> 19,444
<CURRENT-LIABILITIES> 3,085
<BONDS> 0
<COMMON> 349
0
0
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 19,444
<SALES> 18,595
<TOTAL-REVENUES> 18,663
<CGS> 14,360
<TOTAL-COSTS> 4,702
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 144
<INCOME-PRETAX> (543)
<INCOME-TAX> (138)
<INCOME-CONTINUING> (405)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (405)
<EPS-BASIC> (1.16)
<EPS-DILUTED> (1.16)
</TABLE>
