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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) JANUARY 14, 1997
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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 (IRS Employer
of incorporation) File Number) 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 January 14, 1997, 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 January 14, 1997.
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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.
Date: January 14, 1997 /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
NUMBER DESCRIPTION NUMBER
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99 Press Release dated January 14, 1997 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 January 14, 1997
Immediate Release
MELAMINE CHEMICALS, INC. REPORTS SIX MONTHS RESULTS
DONALDSONVILLE, LOUISIANA, JANUARY 14TH--Melamine Chemicals, Inc. (NASDAQ-
MTWO), today announced the unaudited results of its operations for the quarter
and six months ended December 31, 1996.
Net earnings for the six months ended December 31, 1996 were $2.0 million
or $.36 per share as compared to net earnings of $1.9 million or $.35 per share
a year ago. Net earnings for the three months ended December 31, 1996 were
$957,000 or $.17 per share as compared to net earnings of $983,000 or $.18 per
share a year ago for the same period in fiscal 1996.
Fred Huber, president and chief executive officer, stated "We are
pleased to be able to continue to report improved gross profits, despite much
higher natural gas and raw materials costs. Natural gas costs are expected to
be high again in the third fiscal quarter. Sales are much improved over the
same period last year, while prices and production volume have been steady.
The big run up in gas prices, particularly in December, really hurt our period
results, but our view of our business, present and future, remains optimistic."
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 Six Months Ended
December 31, December 31,
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1996 1995 1996 1995
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Net Sales $ 14,553 12,237 29,910 23,294
Net Earnings $ 957 983 2,010 1,904
Earnings Per Share $ .17 .18 .36 .35
Average Shares Outstanding 5,455,300 5,453,633 5,455,300 5,451,967
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