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=====================================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
___________
FORM 10-K/A
Amendment No. 1
[x] Annual Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934 (Fee Required). For the fiscal year ended
December 31, 1998.
[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934 (No Fee Required). 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)
Registrant's telephone number including area code (513) 841-8000
Securities registered pursuant to Section 12(b) of the Act:
Title of each class: Name of each exchange on which registered:
Common Shares - Par Value $1.00 New York Stock Exchange, Inc.
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 [ ]
Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained,
to the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K.
The aggregate market value of voting stock held by non-affiliates of the
registrant is $679,968,999 at 3/12/99.*
*Voting stock held by officers, directors and principal holders is not
included in the computation. The Company, however, has not made a
determination that such individuals are "affiliates" within the meaning of
Rule 405 under the Securities Act of 1933.
Number of shares of Common Stock, $1.00 par value, outstanding as of March
12, 1999: 37,292,033
Documents incorporated by reference:
PART III - Proxy statement, dated March 26, 1999
============================================================================
Milacron Inc. and Subsidiaries
Index
Page No.
PART IV
Item 6. (a) EXHIBITS
Exhibit 27 - Amended Financial Data Schedules Filed Herewith
The undersigned registrant hereby amends its Annual Report on Form 10-K for
the period ended December 31, 1998 to restate the historic income statement
line items for the fiscal years ended December 28, 1996, and December 27,
1997, and the quarterly periods ended March 22, 1997, June 14, 1997,
October 4, 1997, March 31, 1998, June 30, 1998, and September 30, 1998,
each previously reported on Exhibit (27) Financial Data Schedule. This
restatement reflects the reclassification in each of the foregoing
periods of the amortization expense related to deferred debt issuance
costs from other expense to interest expense.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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: June 23, 1999 BY: /s/ Jerome L. Fedders
Jerome L. Fedders
Controller
Date: June 23, 1999 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 reclassification
of the amortization expense related to deferred debt issuance costs from
other expense to interest expense.
</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
0 0 0 0
6,000 6,000 6,000 6,000
<COMMON> 417,400 412,700 409,900 402,200
<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> 273,500 68,100 138,800 206,000
<LOSS-PROVISION> 0 0 0 0
<INTEREST-EXPENSE> 27,500 7,400 14,900 22,500
<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-BASIC> 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 reclassification
of the amortization expense related to deferred debt issuance costs from
other expense to interest expense.
</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
0 0 0 0
6,000 6,000 6,000 6,000
<COMMON> 429,900 423,300 423,600 423,300
<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> 358,300 209,600 464,200 780,500
<TOTAL-COSTS> 958,300 209,600 464,200 780,500
<OTHER-EXPENSES> 292,300 57,400 122,100 204,200
<LOSS-PROVISION> 0 0 0 0
<INTEREST-EXPENSE> 30,900 6,200 12,700 21,200
<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-BASIC> 1.75 .33 .79 1.36
<EPS-DILUTED> 1.74 .32 .78 1.34
</TABLE>
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