LOWRANCE ELECTRONICS INC
10-Q/A, 1995-07-24
SEARCH, DETECTION, NAVAGATION, GUIDANCE, AERONAUTICAL SYS
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<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 April 30, 1995

           -----  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 April 30, 1995, there were 3,352,458 shares of Registrant's $0.10 par value
Common Stock outstanding.
<PAGE>
 
                                   SIGNATURES
                                   ----------

    
     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this amendment to be signed on its behalf by the
undersigned thereunto duly authorized.
     

                                             LOWRANCE ELECTRONICS, INC.



                                     By:     /s/ Mark C. Wilmoth
                                             ----------------------------------
                                             Mark C. Wilmoth
                                             Vice President Finance &
                                             Chief Financial Officer


    
Dated:      July 24, 1995
       -----------------------
     


<TABLE> <S> <C>

<PAGE>
   
<ARTICLE> 5
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          JUL-31-1995
<PERIOD-START>                             AUG-01-1994
<PERIOD-END>                               APR-30-1995
<CASH>                                             720
<SECURITIES>                                         0
<RECEIVABLES>                                   19,272
<ALLOWANCES>                                         0
<INVENTORY>                                     17,717
<CURRENT-ASSETS>                                39,371
<PP&E>                                          26,078
<DEPRECIATION>                                  17,743
<TOTAL-ASSETS>                                  48,012
<CURRENT-LIABILITIES>                           24,113
<BONDS>                                              0
<COMMON>                                           335
                                0
                                          0
<OTHER-SE>                                      13,262
<TOTAL-LIABILITY-AND-EQUITY>                    48,012
<SALES>                                         71,783
<TOTAL-REVENUES>                                71,783
<CGS>                                           47,356
<TOTAL-COSTS>                                   20,324
<OTHER-EXPENSES>                                 2,041
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               1,118
<INCOME-PRETAX>                                  2,062
<INCOME-TAX>                                       639
<INCOME-CONTINUING>                              1,423
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     1,423
<EPS-PRIMARY>                                      .42
<EPS-DILUTED>                                      .42
        
    

</TABLE>


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