<PAGE>
SECURITIES AND EXCHANGE COMMISSION
-------------------------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): April 27, 1998
Armco Inc.
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(Exact name of registrant as specified in charter)
Ohio
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(State or other jurisdiction of incorporation or organization)
1-873-2 31-0200500
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(Commission File Number) (I.R.S. Employer Identification No.)
One Oxford Centre, 301 Grant Street, Pittsburgh, Pennsylvania 15219-1415
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 412/255-9800
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<PAGE>
Item 5. Other Events
------------
The attached Exhibit 27 contains restated Financial Data Schedules for the
three years ended December 31, 1997 and for the three year-to-date interim
periods in the years 1997 and 1996. All periods report basic and diluted
earnings per share as restated to conform with Statement of Financial
Accounting Standards No. 128, Earnings Per Share, which Armco adopted on
December 31, 1997.
Item 7. Exhibits.
--------
27.1 ARTICLE 5 RESTATED FDS FOR 1997 ANNUAL AND INTERIM REPORTS.
27.2 ARTICLE 5 RESTATED FDS FOR 1996 ANNUAL AND INTERIM REPORTS AND
1995 ANNUAL REPORT
2
<PAGE>
SIGNATURE
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 hereunto duly authorized.
ARMCO INC.
Date: April 27, 1998 By: /s/ Gary R. Hildreth
------------------------------------
Name: Gary R. Hildreth
Title: Vice President
3
<PAGE>
EXHIBIT LIST
27.1 ARTICLE 5 RESTATED FDS FOR 1997 ANNUAL AND INTERIM REPORTS.
27.2 ARTICLE 5 RESTATED FDS FOR 1996 ANNUAL AND INTERIM REPORTS AND
1995 ANNUAL REPORT
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
EXTRACTED FROM THE ARMCO INC. CONSOLIDATED BALANCE SHEETS,
CONSOLIDATED STATEMENTS OF INCOME AND RELATED INTERIM
FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
<RESTATED>
<CIK> 0000007383
<NAME> ARMCO INC
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLAR
<S> <C> <C> <C> <C>
<PERIOD-TYPE> 12-MOS 9-MOS 6-MOS 3-MOS
<FISCAL-YEAR-END> DEC-31-1997 DEC-31-1997 DEC-31-1997 DEC-31-1997
<PERIOD-START> JAN-01-1997 JAN-01-1997 JAN-01-1997 JAN-01-1997
<PERIOD-END> DEC-31-1997 SEP-30-1997 JUN-30-1997 MAR-31-1997
<EXCHANGE-RATE> 1 1 1 1
<CASH> 189,900 279,900 175,200 151,900
<SECURITIES> 5,000 0 0 0
<RECEIVABLES> 147,000 225,200 191,600 183,000
<ALLOWANCES> 4,000 0 0 0
<INVENTORY> 268,000 264,600 265,000 262,700
<CURRENT-ASSETS> 637,400 776,800 637,700 603,600
<PP&E> 1,305,500 1,292,400 1,284,100 1,278,300
<DEPRECIATION> 653,000 640,500 627,400 612,600
<TOTAL-ASSETS> 1,881,300 2,034,800 1,907,700 1,886,300
<CURRENT-LIABILITIES> 386,300 470,900 371,300 371,600
<BONDS> 306,900 353,900 337,000 341,200
0 0 0 0
185,900 185,900 185,900 185,900
<COMMON> 1,100 1,100 1,100 1,100
<OTHER-SE> (339,500) (355,800) (377,300) (394,000)
<TOTAL-LIABILITY-AND-EQUITY> 1,881,300 2,034,800 1,907,700 1,886,300
<SALES> 1,829,300 1,392,900 931,600 441,300
<TOTAL-REVENUES> 1,829,300 1,392,900 931,600 441,300
<CGS> 1,623,900 1,236,500 833,600 397,500
<TOTAL-COSTS> 1,623,900 1,236,500 833,600 397,500
<OTHER-EXPENSES> 0 0 0 0
<LOSS-PROVISION> 0 0 0 0
<INTEREST-EXPENSE> 35,500 26,700 17,200 8,700
<INCOME-PRETAX> 79,400 61,100 30,900 9,600
<INCOME-TAX> 2,300 1,800 1,300 200
<INCOME-CONTINUING> 77,100 59,300 29,600 9,400
<DISCONTINUED> 2,700 1,300 1,300 0
<EXTRAORDINARY> (3,000) (3,000) 0 0
<CHANGES> 0 0 0 0
<NET-INCOME> 76,800 57,600 30,900 9,400
<EPS-PRIMARY> 0.55 0.41 0.21 0.05
<EPS-DILUTED> 0.55 0.41 0.21 0.05
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
EXTRACTED FROM THE ARMCO INC. CONSOLIDATED BALANCE SHEETS,
CONSOLIDATED STATEMENTS OF INCOME AND RELATED INTERIM
FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
<RESTATED>
<CIK> 0000007383
<NAME> ARMCO INC
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLAR
<S> <C> <C> <C> <C> <C>
<PERIOD-TYPE> 12-MOS 9-MOS 6-MOS 3-MOS 12-MOS
<FISCAL-YEAR-END> DEC-31-1996 DEC-31-1996 DEC-31-1996 DEC-31-1996 DEC-31-1995
<PERIOD-START> JAN-01-1996 JAN-01-1996 JAN-01-1996 JAN-01-1996 JAN-01-1995
<PERIOD-END> DEC-31-1996 SEP-30-1996 JUN-30-1996 MAR-31-1996 DEC-31-1995
<EXCHANGE-RATE> 1 1 1 1 1
<CASH> 168,900 140,900 181,000 223,900 136,800
<SECURITIES> 300 0 0 0 0
<RECEIVABLES> 137,400 201,800 200,400 180,100 162,800
<ALLOWANCES> 3,800 0 0 0 4,400
<INVENTORY> 246,900 246,800 226,400 226,600 216,200
<CURRENT-ASSETS> 571,800 597,500 615,600 637,100 613,800
<PP&E> 1,267,700 1,251,900 1,237,000 1,221,600 1,208,300
<DEPRECIATION> 597,600 584,000 569,300 554,700 539,800
<TOTAL-ASSETS> 1,867,800 1,895,300 1,916,300 1,928,800 1,896,600
<CURRENT-LIABILITIES> 358,200 384,300 377,800 415,500 419,000
<BONDS> 344,300 344,400 364,200 358,400 361,600
0 0 0 0 0
185,900 185,900 185,900 185,900 185,900
<COMMON> 1,100 1,100 1,100 1,100 1,100
<OTHER-SE> (399,000) (407,200) (420,000) (411,600) (417,400)
<TOTAL-LIABILITY-AND-EQUITY> 1,867,800 1,895,300 1,916,300 1,928,800 1,896,600
<SALES> 1,724,000 1,310,400 881,200 430,400 1,559,900
<TOTAL-REVENUES> 1,724,000 1,310,400 881,200 430,400 1,559,900
<CGS> 1,548,400 1,188,400 805,600 391,300 1,392,700
<TOTAL-COSTS> 1,548,400 1,188,400 805,600 391,300 1,392,700
<OTHER-EXPENSES> 0 0 0 0 0
<LOSS-PROVISION> 0 0 0 0 0
<INTEREST-EXPENSE> 36,300 27,500 18,500 9,200 32,900
<INCOME-PRETAX> 27,400 13,700 3,500 7,300 25,500
<INCOME-TAX> 1,400 900 600 400 2,000
<INCOME-CONTINUING> 26,000 12,800 2,900 6,900 23,500
<DISCONTINUED> 6,500 6,500 0 0 6,300
<EXTRAORDINARY> 0 0 0 0 0
<CHANGES> 0 0 0 0 0
<NET-INCOME> 32,500 19,300 2,900 6,900 29,800
<EPS-PRIMARY> 0.14 0.05 (0.06) 0.02 0.11
<EPS-DILUTED> 0.14 0.05 (0.06) 0.02 0.11
</TABLE>
