SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934
For the quarterly period ended
December 31, 1996
Commission File Number 1-10955
ENVIRONMENTAL ELEMENTS CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 52-1303748
(State or other jurisdiction (I.R.S. Employer Identification No.)
of incorporation or organization)
3700 Koppers St., Baltimore, Maryland 21227
(Address of Principal Executive Offices) (Zip Code)
(410) 368-7000
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 the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date:
6,941,170 shares of common stock, $.01 par value per share, as of January 31,
1997.
<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.
ENVIRONMENTAL ELEMENTS CORPORATION
(Registrant)
/s/ E. H. Verdery
________________________
E. H. Verdery
Chairman of the Board and
President
Date: April 7, 1997
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> MAR-31-1997
<PERIOD-END> DEC-31-1996
<CASH> 1,153,000
<SECURITIES> 0
<RECEIVABLES> 15,155,000
<ALLOWANCES> 125,000
<INVENTORY> 1,105,000
<CURRENT-ASSETS> 19,331,000
<PP&E> 11,941,000
<DEPRECIATION> 4,055,000
<TOTAL-ASSETS> 28,198,000
<CURRENT-LIABILITIES> 19,194,000
<BONDS> 0
0
0
<COMMON> 69,000
<OTHER-SE> 5,886,000
<TOTAL-LIABILITY-AND-EQUITY> 28,198,000
<SALES> 35,819,000
<TOTAL-REVENUES> 35,819,000
<CGS> 31,285,000
<TOTAL-COSTS> 8,125,000
<OTHER-EXPENSES> 475,000
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> (4,066,000)
<INCOME-TAX> 0
<INCOME-CONTINUING> (4,066,000)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (4,066,000)
<EPS-PRIMARY> (.59)
<EPS-DILUTED> (.59)
</TABLE>
