FORM 10-Q/A
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Quarterly Report Under Section 13 or 15(d)
of the Securities Exchange Act of 1934
(Mark One)
[ X ]Quarterly Report Pursuant to Section 12 or 15(d) of the
Securities Exchange Act of 1934
For the quarterly period ended September 30, 1994
[ ]Transition Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
For the transition period from _______________________
to________________________
For Quarter Ended September 30, 1994
Commission File Number 0-16572
AVONDALE INDUSTRIES, INC.
Louisiana 39-1097012
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
P. O. Box 50280, New Orleans, Louisiana 70150
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 504/436-2121
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 file such filing requirements
for the past 90 days. YES X NO .
Indicate the number of shares outstanding of each of the issuer's
classes of common stock as of the latest practicable date.
Outstanding
Class at September 30, 1994
Common stock, par value $1.00 per share 14,464,175 shares
NOTE: THIS FORM 10-Q/A IS BEING FILED SOLELY FOR THE PURPOSE OF
TAGGING EXHIBITS, INCLUDING THE FINANCIAL DATA SCHEDULE, WHICH
WERE NOT TAGGED IN THE FORM 10-Q FILED NOVEMBER 14, 1994.
<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.
AVONDALE INDUSTRIES, INC.
Date: December 27, 1994 By:\s\ THOMAS M. KITCHEN
Thomas M. Kitchen
Vice President &
Chief Financial Officer
<PAGE>
EXHIBIT INDEX
Number Description Page Number
15 Letter re: unaudited financial information
27 Financial Data Schedule
[LETTERHEAD OF DELOITTE & TOUCHE LLP]
November 8, 1994
Avondale Industries, Inc.
Post Office Box 50280
New Orleans, Louisiana 70150
We have made a review, in accordance with standards established
by the American Institute of Certified Public Accountants, of
the unaudited interim financial information of Avondale
Industries, Inc. and subsidiaries for the periods ended
September 30, 1994 and 1993, as indicated in our report dated
November 8, 1994; because we did not perform an audit, we
expressed no opinion on that information.
We are aware that our report referred to above, which is
included in your Quarterly Report on Form 10-Q for the quarter
ended September 30, 1994, is incorporated by reference in
Registration Statement No. 33-31984 on Forms S-8 and S-3.
We also are aware that the aforementioned report, pursuant to
Rule 436(c) under the Securities Act of 1933, is not considered
a part of the Registration Statement prepared or certified by
an accountant or a report prepared or certified by an
accountant within the meaning of Sections 7 and 11 of that Act.
DELOITTE & TOUCHE LLP
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> SEP-30-1994
<CASH> 19,583
<SECURITIES> 0
<RECEIVABLES> 70,730
<ALLOWANCES> 0
<INVENTORY> 15,032
<CURRENT-ASSETS> 112,331
<PP&E> 229,507
<DEPRECIATION> (110,656)
<TOTAL-ASSETS> 264,886
<CURRENT-LIABILITIES> 83,287
<BONDS> 42,875
<COMMON> 15,927
0
0
<OTHER-SE> 104,587
<TOTAL-LIABILITY-AND-EQUITY> 264,886
<SALES> 345,253
<TOTAL-REVENUES> 345,253
<CGS> 309,521
<TOTAL-COSTS> 309,521
<OTHER-EXPENSES> 22,376
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 3,240
<INCOME-PRETAX> 10,711
<INCOME-TAX> 0
<INCOME-CONTINUING> 10,711
<DISCONTINUED> (4,552)
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 6,159
<EPS-PRIMARY> .43
<EPS-DILUTED> .43
</TABLE>
