FORM 10-K/A
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
_________________________
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the fiscal year ended December 31, 1997
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 number 0-18110
Gehl Company
(Exact name of registrant as specified in its charter)
Wisconsin 39-0300430
(State or other jurisdiction (I.R.S Employer Identification No.)
of incorporation or organization)
143 Water Street, West Bend, WI 53095
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code (414) 334-9461
Securities registered pursuant to Section 12(b) of the Act:
NONE
Securities registered pursuant to Section 12(g) of the Act:
Common Stock, $.10 par value
(Title of class)
Rights to Purchase Preferred Shares
(Title of class)
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 if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K is not contained herein, and will not be contained,
to the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K [X]
Aggregate market value of voting stock held by non-affiliates of the
registrant: $123,817,683.00 at February 16, 1998.
Number of shares outstanding of each of the registrant's classes of
common stock, as of February 16, 1998:
Class Shares Outstanding
Common Stock, $.10 Par Value 6,240,565
DOCUMENTS INCORPORATED BY REFERENCE
Gehl Company 1997 Annual report to Shareholders (Parts I and II)
Gehl Company Proxy Statement for the 1998 Annual Meeting of Shareholders
(to be filed with the Commission under Regulation 14A within 120
days after the end of the registrant's fiscal year and, upon such
filing, to be incorporated by reference into Part III)
<PAGE>
The undersigned registrant hereby amends the following item of its Annual
Report on Form 10-K filed March 12, 1998. The financial data schedules for
each of the noted periods other than the financial data schedule for the year
ended December 31, 1997 are being amended to restate EPS amounts calculated
under Statement of Financial Accounting Standards No. 128, "Earnings per
Share".
Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K
(a) 1 and 2. Financial statements and financial statement schedule
Reference is made to the separate index to the Company's
consolidated financial statements and schedule contained on Page
15 hereof.
3. Exhibits
Reference is made to the separate exhibit index contained on Pages
18 through 21 hereof.
(b) Reports on Form 8-K.
The Company filed a Current Report on Form 8-K, dated October 17,
1997, reporting (pursuant to Items 2 and 7) the acquisition of all
of the issued and outstanding shares of capital stock of Brunel
America, Inc. In connection with this acquisition, the Company,
through Brunel America, Inc., acquired all of the issued and
outstanding shares of capital stock of the following direct and
indirect subsidiaries of Brunel America, Inc.: Mustang America,
Inc.; Mustang Manufacturing Company, Inc.; Mustang Finance Inc.;
and Mustang International, Inc.
The Company filed an amendment, dated December 16, 1997, to the
above-referenced Form 8-K, which amendment includes Financial
Statements and Pro-Forma Financial Information relating to the
acquisition of all of the issued and outstanding stock of Brunel
America, Inc.
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this amendment to this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.
GEHL COMPANY
By /s/ Kenneth P. Hahn
Kenneth P. Hahn
Vice President of Finance and Treasurer
(Principal Financial and Accounting Officer)
Date: March 31, 1998
<PAGE>
GEHL COMPANY
INDEX TO EXHIBITS
Exhibit Number Document Description
(2) Stock Purchase Agreement, dated as of
September 12, 1997, between Gehl Company
and Brunel Holdings, plc [Incorporated by
reference to Exhibit 2 of the Company's
Current Report on Form 8-K, dated October
17, 1997]
(3.1) Restated Articles of Incorporation, as
amended, of Gehl Company [Incorporated by
reference to Exhibit 3.1 to the Company's
Quarterly Report on Form 10-Q for the
quarter ended June 28, 1997.]
(3.2) By-laws of Gehl Company, as amended
[Incorporated by reference to Exhibit 3.3
of the Company's Annual Report on Form 10-K
for the year ended December 31, 1995]
(4.1) Amended and Restated Loan and Security
Agreement by and between ITT Commercial
Finance Corp. and Gehl Company and its
subsidiaries, dated October 1, 1994
[Incorporated by reference to Exhibit 4.1
of the Company's Annual Report on Form 10-K
for the year ended December 31, 1994]
(4.2) First Amendment to Amended and Restated
Loan and Security Agreement by and between
Deutsche Financial Services Corporation,
f/k/a ITT Commercial Finance Corp. and Gehl
Company and its subsidiaries, dated May 10,
1995 [Incorporated by reference to Exhibit
4.1 of the Company's Quarterly Report on
Form 10-Q for the quarter ended July 1,
1995]
(4.3) Amendment to Amended and Restated Loan and
Security Agreement by and between Deutsche
Financial Services Corporation, f/k/a ITT
Commercial Finance Corp., Deutsche
Financial Services Canada Corporation and
Gehl Company and its subsidiaries, dated
December 1, 1995 [Incorporated by reference
to Exhibit 4.1 of the Company's Annual
Report on Form 10-K for the year ended
December 31, 1995]
(4.4)# Third Amendment to Amended and Restated
Loan and Security Agreement by and between
Deutsche Financial Services Corporation,
f/k/a ITT Commercial Finance Corp.,
Deutsche Financial Services Canada
Corporation and Gehl Company and its
subsidiaries, dated as of July 15, 1996.
(4.5) Amendment to Amended and Restated Loan and
Security Agreement by and between Deutsche
Financial Services Corporation, f/k/a ITT
Commercial Finance Corp., Deutsche
Financial Services Canada Corporation and
Gehl Company and its subsidiaries, dated
October 2, 1997 [Incorporated by reference
to Exhibit 4.1 of the Company's Current
Report on Form 8-K dated October 17, 1997]
(4.6)# Fifth Amendment to Amended and Restated
Loan and Security Agreement by and between
Deutsche Financial Services Corporation,
f/k/a ITT Commercial Finance Corp.,
Deutsche Financial Services, a division of
Deutsche Bank Canada, and Gehl Company and
its subsidiaries, dated as of February 5,
1998.
(4.7)# Common Stock Purchase Warrant No. 2, dated
June 4, 1997, from Gehl Company to William
L. Dahl, SVCC TTEE, The Dahl Children's
Trust, FBO James A. Dahl U/A/D 12-31-84.
(4.8)# Common Stock Purchase Warrant No. 3, dated
June 4, 1997, from Gehl Company to William
L. Dahl, SVCC TTEE, The Dahl Children's
Trust, FBO Kathryn W. Dahl U/A/D 12-31-84.
(4.9)# Common Stock Purchase Warrant No. 4, dated
June 4, 1997 from Gehl Company to Rock
Creek Partners LTD.
(4.10) Loan Agreement between Pennsylvania
Economic Development Financing Authority
and Gehl Company, dated as of September 1,
1990 [Incorporated by reference to Exhibit
4.1 to the Company's Quarterly Report on
Form 10-Q for the quarter ended September
29, 1990]
(4.11) First Supplemental Loan Agreement between
Pennsylvania Economic Development Financing
Authority and Gehl Company, dated as of
April 23, 1993 [Incorporated by reference
to Exhibit 4.3 to the Company's Quarterly
Report on Form 10-Q for the quarter ended
April 3, 1993]
(4.12) Second Supplemental Loan Agreement between
Pennsylvania Economic Development Financing
Authority and Gehl Company, dated as of
February 1, 1994 [Incorporated by reference
to Exhibit 4.10 to the Company's Annual
Report on Form 10-K for the year ended
December 31, 1993]
(4.13) Mortgage and Security Agreement by and
between Gehl Company and First Pennsylvania
Bank N.A., dated as of September 1, 1990
[Incorporated by reference to Exhibit 4.2
to the Company's Quarterly Report on Form
10-Q for the quarter ended September 29,
1990]
(4.14) Rights Agreement, dated as of May 28, 1997,
between Gehl Company and Firstar Trust
Company [Incorporated by reference to
Exhibit 4.1 to the Company's Registration
Statement on Form 8-A, dated as of May 28,
1997]
(10.1)* Form of Supplemental Retirement Benefit
Agreement between Gehl Company and Messrs.
J.W. Gehl, Hahn, Mulcahy and Semler
[Incorporated by reference to Exhibit 10.4
to the Company's Form S-1 Registration
Statement (Reg. No. 33-31571)].
(10.2)* Gehl Company Director Stock Grant Plan
[Incorporated by reference to Exhibit 10.1
to the Company's Quarterly Report on Form
10-Q for the quarter ended March 29, 1997]
(10.3)*# Amended and Restated Employment Agreement
between Gehl Company and William D. Gehl
dated as of December 19, 1997
(10.4)* Employment Agreement by and between Victor
A. Mancinelli and Gehl Company, dated as of
October 1, 1995 [Incorporated by reference
to Exhibit 10.3 of the Company's Annual
Report on Form 10-K for the year ended
December 31, 1995]
(10.5)* Supplemental Retirement Benefit Agreement
by and between William D. Gehl and Gehl
Company [Incorporated by reference to
Exhibit 10.4 of the Company's Annual Report
on Form 10-K for the year ended December
31, 1995]
(10.6)* Supplemental Retirement Benefit Agreement
by and between Victor A. Mancinelli and
Gehl Company [Incorporated by reference to
Exhibit 10.5 of the Company's Annual Report
on Form 10-K for the year ended December
31, 1995]
(10.7)* Gehl Company Shareholder Value Added
Management Incentive Compensation Plan
[Incorporated by reference to Exhibit 10.6
of the Company's Annual Report on Form 10-K
for the year ended December 31, 1995]
(10.8)*# Gehl Savings Plan, as amended and restated
executed March 17, 1997.
(10.9)* Gehl Company Retirement Income Plan "B", as
amended [Incorporated by reference to
Exhibit 10.7 to the Company's Annual Report
on Form 10-K for the year ended December
31, 1994]
(10.10)* Gehl Company 1987 Stock Option Plan, as
amended [Incorporated by reference to
Exhibit 10.9 to the Company's Annual Report
on Form 10-K for the year ended December
31, 1996]
(10.11)* Form of Stock Option Agreement used in
conjunction with the Gehl Company 1987
Stock Option Plan [Incorporated by
reference to Exhibit 4.2 to the Company's
Form S-8 Registration Statement (Reg. No.
33-38392)]
(10.12)* Gehl Company 1995 Stock Option Plan, as
amended [Incorporated by reference to
Exhibit 10.11 to the Company's Annual
Report on Form 10-K for the year ended
December 31, 1996]
(10.13)* Form of Stock Option Agreement for
executive officers used in conjunction with
the Gehl Company 1995 Stock Option Plan.
[Incorporated by reference to Exhibit 10.12
of the Company's Annual Report on Form 10-K
for the year ended December 31, 1995]
(10.14)* Form of Stock Option Agreement for non-
employee directors used in conjunction with
the Gehl Company 1995 Stock Option Plan.
[Incorporated by reference to Exhibit 10.13
of the Company's Annual Report on Form 10-K
for the year ended December 31, 1995]
(10.15) Technical Assistance and License Agreement
by and between Gehl Company and Rheiner
Maschinenfabrik Windhoff AG, dated as of
May 4, 1985, as amended [Incorporated by
reference to Exhibit 10.13 to the Company's
Form S-1 Registration Statement (Reg. No.
33-31571)]
(10.16) Distributorship Agreement by and between
Gehl Company and Gehl GmbH, dated as of
April 15, 1985 [Incorporated by reference
to Exhibit 10.16 to the Company's Form S-1
Registration Statement (Reg. No. 33-31571)]
(10.17) Trademark Licensing Agreement by and
between Gehl Company and Gehl GmbH, dated
as of April 15, 1985 [Incorporated by
reference to Exhibit 10.17 to the Company's
Form S-1 Registration Statement (Reg. No.
33-31571)]
(13)# Portions of the Gehl Company 1997 Annual
Report to Shareholders that are
incorporated by reference herein
(21)# Subsidiaries of Gehl Company
(23)# Consent of Price Waterhouse LLP
(27)# Financial Data Schedule for twelve month
period ended December 31, 1997.
(27.2) Restated Financial Data Schedule for twelve
month period ended December 31, 1995.
(27.3) Restated Financial Data Schedule for three
month period ended March 30, 1996.
(27.4) Restated Financial Data Schedule for six
month period ended June 29, 1996.
(27.5) Restated Financial Data Schedule for nine
month period ended September 28, 1996.
(27.6) Restated Financial Data Schedule for twelve
month period ended December 31, 1996.
(27.7) Restated Financial Data Schedule for three
month period ended March 29, 1997.
(27.8) Restated Financial Data Schedule for six
month period ended June 28, 1997.
(27.9) Restated Financial Data Schedule for nine
month period ended September 27, 1997.
(99) Proxy Statement for 1998 Annual Meeting of
Shareholders (To be filed with the
Securities and Exchange Commission under
Regulation 14A within 120 days after the
end of the Company's fiscal year; except to
the extent incorporated by reference, the
Proxy Statement for the 1998 Annual Meeting
of Shareholders shall not be deemed to be
filed with the Securities and Exchange
Commission as part of this Annual Report or
Form 10-K)
* A management contract or compensatory plan or arrangement.
# Previously filed.
Except as otherwise noted, all documents incorporated by reference are to
Commission File No. 01-18110.
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Gehl
Company's consolidated balance sheet at December 31, 1995 and consolidated
statements of income for the twelve month period ended December 31, 1995 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-1-1995
<PERIOD-END> DEC-31-1995
<CASH> 3266
<SECURITIES> 0
<RECEIVABLES> 78476
<ALLOWANCES> 4572
<INVENTORY> 23320
<CURRENT-ASSETS> 102166
<PP&E> 53646
<DEPRECIATION> 33331
<TOTAL-ASSETS> 133498
<CURRENT-LIABILITIES> 29561
<BONDS> 46666<F1>
<COMMON> 622
0
0
<OTHER-SE> 55057
<TOTAL-LIABILITY-AND-EQUITY> 133498
<SALES> 153452
<TOTAL-REVENUES> 153452
<CGS> 108838
<TOTAL-COSTS> 108838
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 5733
<INCOME-PRETAX> 9163
<INCOME-TAX> 150
<INCOME-CONTINUING> 9013
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 9013
<EPS-PRIMARY> 1.46<F2>
<EPS-DILUTED> 1.44<F2>
<FN>
<F1>Includes all non-current portion of debt obligations
<F2>Restated to reflect the impact of Statement of Financial Accounting
Standards No. 128, "Earnings per Share". The EPS under the "EPS-Primary" tag
represents Basic Earnings per Share.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Gehl
Company's consolidated balance sheet at March 30, 1996 and consolidated
statements of income for the three month period ended March 30, 1996 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-1-1996
<PERIOD-END> MAR-30-1996
<CASH> 3740
<SECURITIES> 0
<RECEIVABLES> 79165
<ALLOWANCES> 0<F1>
<INVENTORY> 22856
<CURRENT-ASSETS> 107162
<PP&E> 54368
<DEPRECIATION> 33930
<TOTAL-ASSETS> 140165
<CURRENT-LIABILITIES> 30484
<BONDS> 51150<F2>
<COMMON> 622
0
0
<OTHER-SE> 56424
<TOTAL-LIABILITY-AND-EQUITY> 140165
<SALES> 39165
<TOTAL-REVENUES> 39165
<CGS> 28149
<TOTAL-COSTS> 28149
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 1041
<INCOME-PRETAX> 2299
<INCOME-TAX> 403
<INCOME-CONTINUING> 1896
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1896
<EPS-PRIMARY> .31<F3>
<EPS-DILUTED> .31<F3>
<FN>
<F1>Company presents receivables on a net basis in compliance with Article 10
of Regulation S-X.
<F2>Includes all non-current portion of debt obligations
<F3>Restated to reflect the impact of Statement of Financial Accounting
Standards No. 128, "Earnings per Share". The EPS under the "EPS-Primary" tag
represents Basic Earnings per Share.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Gehl
Company's consolidated balance sheet at June 29, 1996 and consolidated
statements of income for the six month period ended June 29, 1996 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-1-1996
<PERIOD-END> JUN-29-1996
<CASH> 5255
<SECURITIES> 0
<RECEIVABLES> 78733
<ALLOWANCES> 0<F1>
<INVENTORY> 18791
<CURRENT-ASSETS> 104126
<PP&E> 55127
<DEPRECIATION> 34507
<TOTAL-ASSETS> 137737
<CURRENT-LIABILITIES> 31248
<BONDS> 44934<F2>
<COMMON> 614
0
0
<OTHER-SE> 59367
<TOTAL-LIABILITY-AND-EQUITY> 137737
<SALES> 83639
<TOTAL-REVENUES> 83639
<CGS> 59271
<TOTAL-COSTS> 59271
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 2097
<INCOME-PRETAX> 5977
<INCOME-TAX> 1148
<INCOME-CONTINUING> 4829
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 4829
<EPS-PRIMARY> .79<F3>
<EPS-DILUTED> .78<F3>
<FN>
<F1>Company presents receivables on a net basis in compliance with Article 10
of Regulation S-X.
<F2>Includes all non-current portion of debt obligations
<F3>Restated to reflect the impact of Statement of Financial Accounting
Standards No. 128, "Earnings per Share". The EPS under the "EPS-Primary" tag
represents Basic Earnings per Share.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Gehl
Company's consolidated balance sheet at September 28, 1996 and consolidated
statements of income for the nine month period ended September 28, 1996 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-1-1996
<PERIOD-END> SEP-28-1996
<CASH> 5205
<SECURITIES> 0
<RECEIVABLES> 71882
<ALLOWANCES> 0<F1>
<INVENTORY> 16238
<CURRENT-ASSETS> 94509
<PP&E> 55760
<DEPRECIATION> 35118
<TOTAL-ASSETS> 127485
<CURRENT-LIABILITIES> 33045
<BONDS> 30119<F2>
<COMMON> 615
0
0
<OTHER-SE> 62040
<TOTAL-LIABILITY-AND-EQUITY> 127485
<SALES> 124189
<TOTAL-REVENUES> 124189
<CGS> 87569
<TOTAL-COSTS> 87569
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 2924
<INCOME-PRETAX> 9474
<INCOME-TAX> 2024
<INCOME-CONTINUING> 7450
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 7450
<EPS-PRIMARY> 1.22<F3>
<EPS-DILUTED> 1.20<F3>
<FN>
<F1>Company presents receivables on a net basis in compliance with Article 10
of Regulation S-X.
<F2>Includes all non-current portion of debt obligations
<F3>Restated to reflect the impact of Statement of Financial Accounting
Standards No. 128, "Earnings per Share". The EPS under the "EPS-Primary" tag
represents Basic Earnings per Share.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Gehl
Company's consolidated balance sheet at December 31, 1996 and consolidated
statements of income for the twelve month period ended December 31, 1996 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-1-1996
<PERIOD-END> DEC-31-1996
<CASH> 4208
<SECURITIES> 0
<RECEIVABLES> 67108
<ALLOWANCES> 3806
<INVENTORY> 18642
<CURRENT-ASSETS> 89748
<PP&E> 57071
<DEPRECIATION> 35393
<TOTAL-ASSETS> 120125
<CURRENT-LIABILITIES> 32136
<BONDS> 19194<F1>
<COMMON> 616
0
0
<OTHER-SE> 64216
<TOTAL-LIABILITY-AND-EQUITY> 120125
<SALES> 159662
<TOTAL-REVENUES> 159662
<CGS> 111902
<TOTAL-COSTS> 111902
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 3443
<INCOME-PRETAX> 12494
<INCOME-TAX> 2929
<INCOME-CONTINUING> 9565
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 9565
<EPS-PRIMARY> 1.56<F2>
<EPS-DILUTED> 1.54<F2>
<FN>
<F1>Includes all non-current portion of debt obligations
<F2>Restated to reflect the impact of Statement of Financial Accounting
Standards No. 128, "Earnings per Share". The EPS under the "EPS-Primary" tag
represents Basic Earnings per Share.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Gehl
Company's condensed consolidated balance sheet at March 29, 1997 and condensed
consolidated statements of income for the three-month period ended March 29,
1997 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-1-1997
<PERIOD-END> MAR-29-1997
<CASH> 3137
<SECURITIES> 0
<RECEIVABLES> 70183
<ALLOWANCES> 0<F1>
<INVENTORY> 17483
<CURRENT-ASSETS> 97659
<PP&E> 58511
<DEPRECIATION> 36024
<TOTAL-ASSETS> 129258
<CURRENT-LIABILITIES> 35257
<BONDS> 22414<F2>
<COMMON> 619
0
0
<OTHER-SE> 66928
<TOTAL-LIABILITY-AND-EQUITY> 129258
<SALES> 43675
<TOTAL-REVENUES> 43675
<CGS> 30692
<TOTAL-COSTS> 30692
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 468
<INCOME-PRETAX> 3952
<INCOME-TAX> 1423
<INCOME-CONTINUING> 2529
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 2529
<EPS-PRIMARY> .41<F3>
<EPS-DILUTED> .39<F3>
<FN>
<F1>Company presents receivables on a net basis in compliance with Article 10
of Regulation S-X.
<F2>Includes all non-current portion of debt obligations
<F3>Restated to reflect the impact of Statement of Financial Accounting
Standards No. 128, "Earnings per Share". The EPS under "EPS-Primary" tag
represents Basic Earnings per Share.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Gehl
Company's consolidated balance sheet at June 28, 1997 and consolidated
statements of income for the six month period ended June 28, 1997 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-1-1997
<PERIOD-END> JUN-28-1997
<CASH> 6576
<SECURITIES> 0
<RECEIVABLES> 71235
<ALLOWANCES> 0<F1>
<INVENTORY> 17579
<CURRENT-ASSETS> 101166
<PP&E> 59928
<DEPRECIATION> 36407
<TOTAL-ASSETS> 134212
<CURRENT-LIABILITIES> 38884
<BONDS> 19989<F2>
<COMMON> 620
0
0
<OTHER-SE> 70672
<TOTAL-LIABILITY-AND-EQUITY> 134212
<SALES> 95267
<TOTAL-REVENUES> 95267
<CGS> 66737
<TOTAL-COSTS> 66737
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 927
<INCOME-PRETAX> 10022
<INCOME-TAX> 3608
<INCOME-CONTINUING> 6414
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 6414
<EPS-PRIMARY> 1.04<F3>
<EPS-DILUTED> 1.00<F3>
<FN>
<F1>Company presents receivables on a net basis in compliance with Article 10
of Regulation S-X.
<F2>Includes all non-current portion of debt obligations
<F3>Restated to reflect the impact of Statement of Financial Accounting
Standards No. 128, "Earnings per Share". The EPS under the "EPS-Primary" tag
represents Basic Earnings per Share.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from Gehl
Company's consolidated balance sheet at September 27, 1997 and consolidated
statements of income for the nine month period ended September 27, 1997 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-1-1997
<PERIOD-END> SEP-27-1997
<CASH> 3204
<SECURITIES> 0
<RECEIVABLES> 69784
<ALLOWANCES> 0<F1>
<INVENTORY> 16877
<CURRENT-ASSETS> 95210
<PP&E> 62240
<DEPRECIATION> 37061
<TOTAL-ASSETS> 129926
<CURRENT-LIABILITIES> 38950
<BONDS> 12016<F2>
<COMMON> 620
0
0
<OTHER-SE> 74140
<TOTAL-LIABILITY-AND-EQUITY> 129926
<SALES> 143407
<TOTAL-REVENUES> 143407
<CGS> 100070
<TOTAL-COSTS> 100070
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 1339
<INCOME-PRETAX> 15417
<INCOME-TAX> 5550
<INCOME-CONTINUING> 9867
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 9867
<EPS-PRIMARY> 1.59<F3>
<EPS-DILUTED> 1.52<F3>
<FN>
<F1>Company presents receivables on a net basis in compliance with Article 10
of Regulation S-X.
<F2>Includes all non-current portion of debt obligations
<F3>Restated to reflect the impact of Statement of Finanical Accounting
Standards No. 128, "Earnings per Share". The EPS under the "EPS-Primary" tag
represents Basic Earnings per Share.
</FN>
</TABLE>
