|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: PEPSICO INC, 424B3, 1997-05-16 |
Next: KEYSTONE PRECIOUS METALS HOLDINGS INC, 497J, 1997-05-16 |
<PAGE>
==============================================================================
FORM 10-Q/A
(Amendment No. 1)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------------
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1997
OR
[ ] 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 1-5259
____________________
PITT-DES MOINES, INC.
(Exact name of registrant as specified in its charter)
Commonwealth of Pennsylvania 25-0729430
(State or other jurisdiction of (I.R.S. Employer
incorporation of organization) Identification No.)
3400 Grand Avenue, Pittsburgh, PA 15225
(Address of Principal Executive Offices) (Zip Code)
(412) 331-3000
(Registrant's Telephone Number, including Area Code)
____________________
Indicate by check 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
----- ----
On March 31, 1997, 3,482,966 shares of Common Stock were outstanding.
===============================================================================
<PAGE>
Item 6. Exhibits and Reports on Form 8-K
(a) Exhibits
Exhibit 11.1 - Computation of earnings per share for the three
months ended March 31, 1997 and 1996.
Exhibit 27 - Financial Data Schedule
(b) Reports on Form 8-K.
A Form 8-K, dated January 31, 1997, was filed to report the Company's
acquisition of General Steel Corporation, a steel service center,
located in Vancouver, Washington. No financial statements were filed as
part of the Form 8-K.
-2-
<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.
Pitt-Des Moines, Inc.
----------------------------------
(Registrant)
Principal Financial Officer:
Date: May 16, 1997 By: /s/ R. A. Byers
----------------------------------
R. A. Byers
(Vice President
Finance and Treasurer)
-3-
<PAGE>
EXHIBIT INDEX
Exhibit
Number
- -------
11.1 Computation of earnings per share for the three
months ended March 31, 1997 and 1996
27 Financial Data Schedule
-4-
<PAGE>
Exhibit 11.1
PITT-DES MOINES, INC.
Computation of Earnings Per Share
(Unaudited)
<TABLE>
<CAPTION>
For the three months ended
March 31,
-------------------------
1997 1996
---------- ----------
<S> <C> <C>
Primary
Average shares outstanding 3,482,966 3,483,142
Dilutive stock options based on treasury stock
method using average market price 39,217 41,830
---------- ----------
3,522,183 3,524,972
========== ==========
Net income $2,101,522 $3,174,330
========== ==========
Per common share:
Net income per common share $ .60 $ .90
========== ==========
Fully Diluted
Average shares outstanding 3,482,966 3,483,142
Dilutive stock options based on treasury stock method
using greater of period-end or average market price 48,611 49,972
---------- ----------
3,531,577 3,533,114
========== ==========
Net income $2,101,522 $3,174,330
========== ==========
Per common share:
Net income per common share $ .60 $ .90
========== ==========
</TABLE>
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q
FOR THE QUARTERLY PERIOD ENDED MARCH 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> MAR-31-1997
<CASH> 5,724
<SECURITIES> 0
<RECEIVABLES> 80,264
<ALLOWANCES> 917
<INVENTORY> 17,822
<CURRENT-ASSETS> 145,091
<PP&E> 109,279
<DEPRECIATION> 67,954
<TOTAL-ASSETS> 199,667
<CURRENT-LIABILITIES> 63,115
<BONDS> 9,000
0
0
<COMMON> 33,549
<OTHER-SE> 86,224
<TOTAL-LIABILITY-AND-EQUITY> 199,667
<SALES> 109,581
<TOTAL-REVENUES> 109,581
<CGS> 95,477
<TOTAL-COSTS> 95,477
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 72
<INCOME-PRETAX> 3,445
<INCOME-TAX> 1,344
<INCOME-CONTINUING> 2,101
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 2,101
<EPS-PRIMARY> .60
<EPS-DILUTED> .60
</TABLE>
|
|