SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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):
July 21, 1998
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THERMO INSTRUMENT SYSTEMS INC.
(Exact name of Registrant as specified in its charter)
Delaware 1-9786 04-2925809
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification Number)
incorporation or
organization)
860 West Airport Freeway, Suite 301
Hurst, Texas 76054
(Address of principal executive offices) (Zip Code)
(817) 485-6663
(Registrant's telephone number
including area code)
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Item 5. Other Events
On July 21, 1998, Thermo Instrument Systems Inc. (the "Company") issued a
press release, attached hereto as Exhibit 99, regarding its expected operating
income for the quarter ended July 4, 1998.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements of Business Acquired: not
applicable.
(b) Pro Forma Financial Information: not applicable.
(c) Exhibits
99 Press Release of the Company, dated July 21,
1998
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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, thereunto duly authorized, on this 22nd day of July, 1998.
THERMO INSTRUMENT SYSTEMS INC.
By: /s/ Sandra L. Lambert
Sandra L. Lambert
Secretary
<PAGE>
EXHIBIT 99
THERMO INSTRUMENT SYSTEMS EXPECTS SECOND QUARTER
OPERATING INCOME TO BE APPROXIMATELY $55 MILLION
BEDFORD, Texas, July 21, 1998 -- Thermo Instrument Systems Inc. (ASE-THI)
announced today that it expects operating income for the second quarter, ended
July 4, 1998, to be approximately $55 million. Lower sales as a result of orders
received late in the quarter at the company's ThermoQuest (ASE-TMQ) subsidiary
were the primary cause of the lower-than-expected operating income estimate.
Thermo Instrument Systems' diluted earnings per share for the 1998 quarter will
be approximately the same as the 1997 period.
Thermo Instrument Systems plans to release its complete quarterly earnings
results on August 13, 1998.
Thermo Instrument Systems Inc. is a leading provider of analytical
instruments used to identify complex chemical compounds, toxic metals, and other
elements in a broad range of liquids and solids. The company also develops and
manufactures instruments used to monitor radioactivity and air pollution; life
science instruments and consumables; and imaging, inspection, measurement, and
control instruments for various industrial processes. Thermo Instrument Systems
is a public subsidiary of Thermo Electron Corporation. More information is
available on the Internet at http://www.thermo.com/subsid/thi1.html.
This press release contains forward-looking statements that involve a
number of risks and uncertainties. Important factors that could cause actual
results to differ materially from those indicated by such forward-looking
statements are set forth under the heading "Forward-looking Statements" in
Exhibit 13 to the company's annual report on Form 10-K for the year ended
January 3, 1998. These include uncertainties relating to the company's
acquisition and spinout strategies, risks associated with competition and
technological change, intellectual property rights and litigation, dependence on
certain key industries and international operations, possible changes in
governmental regulations, capital spending and government funding policies, and
the potential impact of the year 2000 on processing date-sensitive information.
