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Previous: LORD ABBETT MID CAP VALUE FUND INC, 497, 1998-12-08 |
Next: AMERICAN CENTURY CALIFORNIA TAX FREE & MUNICIPAL FUNDS, 497K1, 1998-12-08 |
===============================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
___________
FORM 10-Q/A
AMENDMENT No. 1
[x] Amendment No. 1 to Quarterly Report Pursuant to Section 13
or 15(d) of the Securities Exchange Act of 1934.
For the quarter ended September 30, 1998
[ ] 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 1-8485
MILACRON INC.
(Exact name of registrant as specified in its charter)
Delaware 31-1062125
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
4701 Marburg Avenue
Cincinnati, Ohio 45209
(Address of principal executive offices)
(513)841-8100
(Registrant's telephone number, including area code)
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 [ ]
Number of shares of Common Stock, $1.00 par value, outstanding
as of November 10, 1998: 38,455,432
===============================================================
Milacron Inc. and Subsidiaries
Index
Page No.
PART IV.
Item 6. (a) Exhibits
Exhibit 27 - Revised Financial
Data Schedules Filed Herewith
The undersigned registrant hereby amends its Quarterly Report
on Form 10-Q for the period ended September 30, 1998 to restate
the income statement line items previously reported on Exhibit
(27) Financial Data Schedule. This restatement reflects the
effect of discontinued operations resulting from the sale of
its machine tools segment (MTG) for prior periods (1996 and
1997 full year and 1997 and 1998 cumulative quarters).
Milacron Inc. and Subsidiaries
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.
Milacron Inc.
Date: December 7, 1998 By:/s/Jerome L. Fedders
Jerome L. Fedders
Controller
Date: December 7, 1998 By:/s/Ronald D. Brown
Ronald D. Brown
Senior Vice
President - Finance and
Administration and Chief
Financial Officer
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
Amounts previously reported are being restated to reflect the effect of
discontinued operations resulting from the sale of its machine tools
segment (MTG).
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<S> <C> <C> <C> <C>
<PERIOD-TYPE> 12-MOS 3-MOS 6-MOS 9-MOS
<FISCAL-YEAR-END> DEC-27-1997 DEC-31-1998 DEC-31-1998 DEC-31-1998
<PERIOD-START> DEC-29-1996 DEC-28-1997 DEC-28-1997 DEC-28-1997
<PERIOD-END> DEC-27-1997 MAR-31-1998 JUN-30-1998 SEP-30-1998
<CASH> 25,700 43,000 30,300 41,800
<SECURITIES> 0 0 0 0
<RECEIVABLES> 288,000 266,900 282,700 247,100
<ALLOWANCES> 13,000 13,300 14,600 12,000
<INVENTORY> 390,400 408,500 434,400 376,200
<CURRENT-ASSETS> 751,100 770,500 795,400 898,000
<PP&E> 653,300 660,800 683,400 568,500
<DEPRECIATION> 310,200 319,300 334,200 240,400
<TOTAL-ASSETS> 1,392,500 1,421,300 1,464,600 1,690,400
<CURRENT-LIABILITIES> 425,400 454,800 475,200 679,400
<BONDS> 0 0 0 0
<COMMON> 417,400 412,700 409,900 402,200
0 0 0 0
6,000 6,000 6,000 6,000
<OTHER-SE> 48,500 59,000 71,300 71,500
<TOTAL-LIABILITY-AND-EQUITY> 1,392,500 1,421,300 1,464,600 1,690,400
<SALES> 1,438,700 356,500 727,000 1,079,100
<TOTAL-REVENUES> 1,438,700 356,500 727,000 1,079,100
<CGS> 1,051,500 260,200 527,000 779,200
<TOTAL-COSTS> 1,051,500 260,200 527,000 779,200
<OTHER-EXPENSES> 274,500 68,400 139,400 206,800
<LOSS-PROVISION> 0 0 0 0
<INTEREST-EXPENSE> 26,500 7,100 14,300 21,700
<INCOME-PRETAX> 86,200 20,800 46,300 71,400
<INCOME-TAX> 17,000 5,800 13,000 19,600
<INCOME-CONTINUING> 69,200 15,000 33,300 51,800
<DISCONTINUED> 11,500 2,600 5,200 (33,900)
<EXTRAORDINARY> 0 0 0 0
<CHANGES> 0 0 0 0
<NET-INCOME> 80,700 17,600 38,500 17,900
<EPS-PRIMARY> 2.03 .45 .98 .45
<EPS-DILUTED> 2.01 .44 .96 .43
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
Amounts previously reported are being restated to reflect the effect of
discontinued operations resulting from the sale of its machine tools
segment (MTG).
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<S> <C> <C> <C> <C>
<PERIOD-TYPE> 12-MOS 3-MOS 6-MOS 9-MOS
<FISCAL-YEAR-END> DEC-28-1996 DEC-27-1997 DEC-27-1997 DEC-27-1997
<PERIOD-START> DEC-31-1995 DEC-29-1996 DEC-29-1996 DEC-29-1996
<PERIOD-END> DEC-28-1996 MAR-22-1997 JUN-14-1997 OCT-04-1997
<CASH> 27,800 30,000 33,600 35,100
<SECURITIES> 0 0 0 0
<RECEIVABLES> 280,700 250,900 249,700 269,100
<ALLOWANCES> 13,700 13,100 13,200 13,600
<INVENTORY> 389,700 396,500 402,900 409,800
<CURRENT-ASSETS> 727,900 715,400 740,500 760,300
<PP&E> 618,600 602,300 605,900 641,800
<DEPRECIATION> 299,500 294,300 298,300 323,000
<TOTAL-ASSETS> 1,336,300 1,311,300 1,337,800 1,378,900
<CURRENT-LIABILITIES> 409,600 403,500 415,200 432,800
<BONDS> 0 0 0 0
<COMMON> 429,900 423,300 423,600 423,300
0 0 0 0
6,000 6,000 6,000 6,000
<OTHER-SE> 10,300 4,200 17,500 29,100
<TOTAL-LIABILITY-AND-EQUITY> 1,336,300 1,311,300 1,337,800 1,378,900
<SALES> 1,357,900 287,700 634,600 1,065,800
<TOTAL-REVENUES> 1,357,900 287,700 634,600 1,065,800
<CGS> 958,300 209,600 464,200 780,500
<TOTAL-COSTS> 958,300 209,600 464,200 780,500
<OTHER-EXPENSES> 293,400 57,700 122,600 205,000
<LOSS-PROVISION> 0 0 0 0
<INTEREST-EXPENSE> 29,800 5,900 12,200 20,400
<INCOME-PRETAX> 76,400 14,500 35,600 59,900
<INCOME-TAX> 22,600 3,700 8,300 12,200
<INCOME-CONTINUING> 53,800 10,800 27,300 47,700
<DISCONTINUED> 12,500 2,200 3,900 6,200
<EXTRAORDINARY> 0 0 0 0
<CHANGES> 0 0 0 0
<NET-INCOME> 66,300 13,000 31,200 53,900
<EPS-PRIMARY> 1.75 .33 .79 1.36
<EPS-DILUTED> 1.74 .32 .78 1.34
</TABLE>
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