<PAGE>
AMENDMENT NO. 1 TO
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 JULY 4, 1998
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 NO. 0-21661
THE BIBB COMPANY
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 58-2253133
(STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.)
100 GALLERIA PARKWAY 30339
SUITE 1750 (ZIP CODE)
ATLANTA, GEORGIA
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(770)644-7000
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
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 __
--
Indicate by check mark whether the registrant has filed all documents and
reports required to be filed by Sections 12, 13, or 15(d) of the Securities
Exchange Act of 1934 subsequent to the distribution of securities under a plan
confirmed by court. Yes X No __
--
As of July 4, 1998, there were 10,061,576 outstanding shares of the
registrant's Common Stock, par value $.01 per share, which is the only class of
common or voting stock of the registrant.
<PAGE>
PART II. OTHER INFORMATION
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits
Exhibit 27. Amended Financial Data Schedule
14
<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.
THE BIBB COMPANY
Date: August 18, 1998 /s/ MICHAEL L. FULBRIGHT
------------------------
By: Michael L. Fulbright
Chairman of the Board, President and
Chief Executive Officer
/s/ CHARLES R. TUTTEROW
-----------------------
By: Charles R. Tutterow
Vice President, Chief Financial Officer,
Secretary, and
Principal Accounting Officer
15
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<S> <C> <C>
<PERIOD-TYPE> 6-MOS 6-MOS
<FISCAL-YEAR-END> JAN-02-1999 JAN-03-1998
<PERIOD-START> JAN-04-1998 DEC-29-1996
<PERIOD-END> JUL-04-1998 JUN-28-1997
<CASH> 95,000 114,000
<SECURITIES> 0 0
<RECEIVABLES> 37,362,000 37,447,000
<ALLOWANCES> 1,676,000 2,686,000
<INVENTORY> 59,514,000 54,305,000
<CURRENT-ASSETS> 106,231,000 104,224,000
<PP&E> 88,807,000 68,810,000
<DEPRECIATION> 8,767,000 5,981,000
<TOTAL-ASSETS> 188,701,000 169,351,000
<CURRENT-LIABILITIES> 40,781,000 36,356,000
<BONDS> 87,827,000 74,898,000
0 0
0 0
<COMMON> 101,000 101,000
<OTHER-SE> 88,882,000 88,882,000
<TOTAL-LIABILITY-AND-EQUITY> 188,701,000 169,351,000
<SALES> 116,340,000 122,231,000
<TOTAL-REVENUES> 116,340,000 122,231,000
<CGS> 99,587,000 110,569,000
<TOTAL-COSTS> 99,587,000 110,569,000
<OTHER-EXPENSES> 10,966,000 10,844,000
<LOSS-PROVISION> 0 0
<INTEREST-EXPENSE> (3,791,000) (2,721,000)
<INCOME-PRETAX> 1,996,000 (1,903,000)
<INCOME-TAX> 0 0
<INCOME-CONTINUING> 1,996,000 (1,903,000)
<DISCONTINUED> 0 (1,698,000)
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> 1,996,000 (3,601,000)
<EPS-PRIMARY> 0.20 (0.36)
<EPS-DILUTED> 0.19 (0.36)
</TABLE>
