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Previous: MECHANICAL TECHNOLOGY INC, S-2/A, 1998-08-19 |
Next: NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/, 424B3, 1998-08-19 |
<PAGE>
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 the quarter ended June 30, 1998 Commission File No. 0-2504
MINE SAFETY APPLIANCES COMPANY
(Exact name of registrant as specified in its charter)
Pennsylvania 25-0668780
(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
121 Gamma Drive
RIDC Industrial Park
O'Hara Township
Pittsburgh, Pennsylvania 15238
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 412/967-3000
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 and (2) has been subject to such filing requirements for
the past 90 days.
Yes X No
As of July 31, 1998, there were outstanding 5,030,153 shares of common stock
without par value, including 577,080 shares held by the Mine Safety Appliances
Company Stock Compensation Trust.
<PAGE>
The purpose of this 10QA is to file the Consolidated Condensed Statement of
Income and Financial Data Schedule which were inadvertently omitted from the
original filing on August 14.
<PAGE>
MINE SAFETY APPLIANCES COMPANY
CONSOLIDATED CONDENSED STATEMENT OF INCOME
(Thousands of dollars, except earnings per share)
<TABLE>
<CAPTION>
Three Months Ended Six Months Ended
June 30 June 30
1998 1997 1998 1997
<S> <C> <C> <C> <C>
Net sales $124,168 $129,245 $246,313 $242,718
Other income 2,687 1,436 3,068 2,462
-------- -------- -------- --------
126,855 130,681 249,381 245,180
-------- -------- -------- --------
Costs and expenses
Cost of products sold 79,455 80,362 156,682 150,761
Selling, general and administrative 34,184 35,003 64,563 67,111
Depreciation 5,475 5,532 10,456 10,921
Interest 764 729 1,410 1,140
Currency exchange (gains)/losses 21 426 168 497
-------- -------- -------- --------
119,899 122,052 233,279 230,430
-------- -------- -------- --------
Income from operations
before income taxes 6,956 8,629 16,102 14,750
Income taxes 2,154 3,574 5,812 6,091
-------- -------- -------- --------
Net income $ 4,802 $ 5,055 $ 10,290 $ 8,659
======== ======== ======== ========
Basic earnings per share $ 1.08 $ 1.10 $ 2.31 $ 1.88
======== ======== ======== ========
Diluted earnings per share $ 1.07 $ 1.10 $ 2.30 $ 1.88
======== ======== ======== ========
</TABLE>
<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.
MINE SAFETY APPLIANCES COMPANY
Date: August 19, 1998 By /s/ James E. Herald
James E. Herald
Vice President - Finance;
Principal Financial and
Accounting Officer
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM JUNE 1998
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-31-1998
<PERIOD-END> JUN-30-1998
<CASH> 9,692
<SECURITIES> 37,015
<RECEIVABLES> 88,221
<ALLOWANCES> (3,461)
<INVENTORY> 76,224
<CURRENT-ASSETS> 25,987
<PP&E> 354,865
<DEPRECIATION> (201,734)
<TOTAL-ASSETS> 412,553
<CURRENT-LIABILITIES> 112,851
<BONDS> 12,006
0
3,569
<COMMON> 12,515
<OTHER-SE> 228,564
<TOTAL-LIABILITY-AND-EQUITY> 412,553
<SALES> 246,313
<TOTAL-REVENUES> 249,381
<CGS> 156,682
<TOTAL-COSTS> 167,138
<OTHER-EXPENSES> 168
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 1,410
<INCOME-PRETAX> 16,102
<INCOME-TAX> 5,812
<INCOME-CONTINUING> 10,290
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 10,290
<EPS-PRIMARY> 2.31
<EPS-DILUTED> 2.30
</TABLE>
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