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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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) OCTOBER 14, 1996
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MELAMINE CHEMICALS, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-16032 64-0475913
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
HIGHWAY 18 WEST
DONALDSONVILLE, LOUISIANA 70346
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICER) (ZIP CODE)
Registrant's telephone number, including area code (504) 473-3121
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ITEM 5. OTHER EVENTS
On October 14, 1996, the Registrant issued the press release filed herewith
as Exhibit 99.
ITEM 7. FINANCIAL STATEMENTS, PROFORMA FINANCIAL INFORMATION AND EXHIBITS
Exhibits.
99. Press release dated October 14, 1996.
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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.
MELAMINE CHEMICALS, INC.
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Date: October 14, 1996 /s/ Wayne D. DeLeo
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Wayne D. DeLeo
Vice President & Chief Financial
Officer
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INDEX TO EXHIBITS
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Exhibit Page
No. Exhibit Number
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99 Press Release dated October 14, 1996 5
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For: MELAMINE CHEMICALS, INC. Contact: RON COMO & ASSOCIATES, INC.
P.O. Box 748 74 Trinity Place
Donaldsonville, LA 70346 New York, NY 10006
Fred Huber, President & CEO Telephone: (212) 227-3010
Wayne D. DeLeo, Vice President & CFO
Telephone: (504) 473-3121 October 14, 1996
Immediate Release
MELAMINE CHEMICALS, INC. REPORTS FIRST QUARTER EARNINGS
DONALDSONVILLE, LOUISIANA, OCTOBER 14TH--Melamine Chemicals, Inc.
(NASDAQ-MTWO), today announced the results of its operations for the quarter
ended September 30, 1996.
Net earnings for the three months ended September 30, 1996 were
$1,053,000 or $.19 per share as compared to net earnings of $920,000 or $.17
per share a year ago.
Fred Huber, president and chief executive officer, stated, "The 39%
increase in sales reflects a continuing strong market for melamine worldwide
and very good production performance to support it. Offsetting this sales
increase, natural gas prices were 49% higher than a year ago and margins were
negatively impacted."
Melamine Chemicals, Inc. is engaged in the production and marketing of
melamine, a specialty chemical having numerous industrial and commercial
applications. The Company is also active in the development of new melamine
process and application technology. The Company is one of only two producers
of melamine in North America and one of the three largest producers worldwide.
COMPARATIVE OPERATING RESULTS
(Thousands of dollars except share and per share data)
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Quarter Ended
September 30,
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1996 1995
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Net Sales $ 15,357 11,057
Net Earnings $ 1,053 920
Earnings Per Share $ .19 .17
Average Shares Outstanding 5,455,300 5,450,300
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