<PAGE>
FORM 10-Q
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 October 31, 1994
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: 33-9464
LOWRANCE ELECTRONICS, INC.
------------------------------------------------------
(Exact Name of Registrant as Specified in its Charter)
Delaware 44-0624411
- - ---------------------- -------------------------
State of Incorporation IRS Identification Number
12000 East Skelly Drive
Tulsa, Oklahoma 74128
----------------------------------------
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (918) 437-6881
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
--- ---
At October 31, 1994, there were 3,352,458 shares of Registrant's $0.10 par value
Common Stock outstanding.
<PAGE>
LOWRANCE ELECTRONICS, INC.
FORM 10-Q
INDEX
PAGE
----
PART I. FINANCIAL INFORMATION
ITEM 1. Condensed Consolidated Balance Sheets -
October 31, 1994, 1993, and July 31, 1994 ............. 3
Consolidated Statements of Operations -
Three Months Ended October 31, 1994 and 1993 .......... 4
Consolidated Statements of Cash Flows -
Three Months Ended October 31, 1994 and 1993 .......... 5
Notes to Condensed Consolidated Financial Statements .... 6 - 8
ITEM 2. Management's Discussion and Analysis of
Financial Condition and Results of Operations ......... 9 - 10
PART II. OTHER INFORMATION
ITEM 1. Legal Proceedings ....................................... 11
ITEM 2. Changes in Securities ................................... 11
ITEM 3. Defaults Upon Senior Securities ......................... 11
ITEM 4. Submission of Matters to a Vote of Security Holders ..... 11
ITEM 5. Other Information ....................................... 11
ITEM 6. Exhibits and Reports on Form 8-K ........................ 11
SIGNATURES .......................................................... 12
