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===========================================================================
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 March 31, 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
CINCINNATI 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 May 8, 1998: 39,523,690
===========================================================================
Cincinnati 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 March 31, 1998 to restate Exhibit (27) Financial Data
Schedule to apply Statement of Financial Accounting Standards No. 128,
"Earnings Per Share," to prior periods (1995 full year, 1996 and 1997
cumulative quarters).
Cincinnati 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.
Cincinnati Milacron Inc.
Date: June 15, 1998 By:/s/Jerome L. Fedders
------------- ------------------------------------
Jerome L. Fedders
Controller
Date: June 15, 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>
Exhibit 27-
Amounts previously reported for EPS-Primary and EPS-Diluted are being
restated to comply with the provisions of Statement of Financial
Accounting Standards No. 128, "Earnings Per Share" which became
effective December 15, 1997.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<S> <C> <C> <C> <C>
<PERIOD-TYPE> 12-MOS 3-MOS 6-MOS 9-MOS
<FISCAL-YEAR-END> DEC-30-1995 DEC-28-1996 DEC-28-1996 DEC-28-1996
<PERIOD-START> JAN-01-1995 DEC-31-1995 DEC-31-1995 DEC-31-1995
<PERIOD-END> DEC-30-1995 MAR-23-1996 JUN-15-1996 OCT-05-1996
<CASH> 133,100 74,300 178,700 31,700
<SECURITIES> 0 0 0 0
<RECEIVABLES> 225,700 254,100 265,700 256,800
<ALLOWANCES> 12,900 14,200 14,600 14,900
<INVENTORY> 351,700 385,600 389,200 408,500
<CURRENT-ASSETS> 782,300 755,600 874,700 730,300
<PP&E> 527,000 550,100 571,000 587,800
<DEPRECIATION> 261,500 253,500 277,000 292,100
<TOTAL-ASSETS> 1,197,100 1,350,500 1,498,100 1,354,100
<CURRENT-LIABILITIES> 389,600 386,700 516,800 410,600
<BONDS> 0 0 0 0
<COMMON> 300,300 301,100 429,800 430,000
0 0 0 0
6,000 6,000 6,000 6,000
<OTHER-SE> (35,600) (27,700) (22,100) (5,600)
<TOTAL-LIABILITY-AND-EQUITY> 1,197,100 1,380,500 1,498,100 1,354,100
<SALES> 1,649,300 353,400 764,800 1,275,900
<TOTAL-REVENUES> 1,679,300 353,400 764,800 1,275,900
<CGS> 1,238,300 261,900 571,600 952,500
<TOTAL-COSTS> 1,238,300 261,900 571,600 952,500
<OTHER-EXPENSES> 251,900 68,600 144,200 242,500
<LOSS-PROVISION> 0 0 0 0
<INTEREST-EXPENSE> 24,800 7,200 14,900 23,500
<INCOME-PRETAX> 134,300 15,700 34,100 57,400
<INCOME-TAX> 28,700 3,100 6,800 11,000
<INCOME-CONTINUING> 105,600 12,600 27,300 46,400
<DISCONTINUED> 0 0 0 0
<EXTRAORDINARY> 0 0 0 0
<CHANGES> 0 0 0 0
<NET-INCOME> 105,600 12,600 27,300 46,400
<EPS-PRIMARY> 3.11 .36 .77 1.25
<EPS-DILUTED> 3.07 .36 .76 1.24
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
Exhibit 27.1-
Amounts previously reported for EPS-Primary and EPS-Diluted are being
restated to comply with the provisions of Statement of Financial
Accounting Standards No. 128, "Earnings Per Share" which became
effective December 15, 1997.
</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> 1,729,700 377,500 829,600 1,400,300
<TOTAL-REVENUES> 1,729,700 377,500 829,600 1,400,300
<CGS> 1,298,500 282,200 624,000 1,054,500
<TOTAL-COSTS> 1,298,500 282,200 624,000 1,054,500
<OTHER-EXPENSES> 320,100 73,100 154,300 258,100
<LOSS-PROVISION> 0 0 0 0
<INTEREST-EXPENSE> 29,800 5,900 12,200 20,400
<INCOME-PRETAX> 81,300 16,300 39,100 67,300
<INCOME-TAX> 15,000 3,300 7,900 13,500
<INCOME-CONTINUING> 66,300 13,000 31,200 53,800
<DISCONTINUED> 0 0 0 0
<EXTRAORDINARY> 0 0 0 0
<CHANGES> 0 0 0 0
<NET-INCOME> 66,300 13,000 31,200 53,800
<EPS-PRIMARY> 1.75 .33 .79 1.36
<EPS-DILUTED> 1.74 .32 .78 1.34
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
Exhibit 27.2-
Amounts previously reported for EPS-Primary and EPS-Diluted are being
restated to comply with the provisions of Statement of Financial
Accounting Standards No. 128, "Earnings Per Share" which became
effective December 15, 1997.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<S> <C> <C>
<PERIOD-TYPE> 12-MOS 3-MOS
<FISCAL-YEAR-END> DEC-27-1997 DEC-31-1998
<PERIOD-START> DEC-29-1996 DEC-28-1997
<PERIOD-END> DEC-27-1997 MAR-31-1998
<CASH> 25,700 43,000
<SECURITIES> 0 0
<RECEIVABLES> 288,000 266,900
<ALLOWANCES> 13,000 13,300
<INVENTORY> 390,400 408,500
<CURRENT-ASSETS> 751,100 770,500
<PP&E> 653,300 660,800
<DEPRECIATION> 310,200 319,300
<TOTAL-ASSETS> 1,392,500 1,421,300
<CURRENT-LIABILITIES> 425,400 454,800
<BONDS> 0 0
<COMMON> 417,400 412,700
0 0
6,000 6,000
<OTHER-SE> 48,500 59,000
<TOTAL-LIABILITY-AND-EQUITY> 1,392,500 1,421,300
<SALES> 1,896,700 477,400
<TOTAL-REVENUES> 1,896,700 477,400
<CGS> 1,424,800 356,500
<TOTAL-COSTS> 1,424,800 356,500
<OTHER-EXPENSES> 344,800 88,800
<LOSS-PROVISION> 0 0
<INTEREST-EXPENSE> 26,500 7,100
<INCOME-PRETAX> 100,600 25,000
<INCOME-TAX> 20,000 7,400
<INCOME-CONTINUING> 80,600 17,600
<DISCONTINUED> 0 0
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> 80,600 17,600
<EPS-PRIMARY> 2.03 .45
<EPS-DILUTED> 2.01 .44
</TABLE>
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