UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
(X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
FOR THE PERIOD ENDED SEPTEMBER 30, 1998
OR
( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
COMMISSION FILE NUMBER 1-5005
SELAS CORPORATION OF AMERICA
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
PENNSYLVANIA 23-1069060
(STATE OR OTHER JURISDICTION OF (IRS EMPLOYER IDENTIFICATION NO.)
INCORPORATION OR ORGANIZATION)
DRESHER, PENNSYLVANIA 19025
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIPCODE)
(215) 646-6600
(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 0R 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 REQUIREMENT FOR THE PAST 90 DAYS.
(X) YES ( ) NO
INDICATE THE NUMBER OF SHARES OUTSTANDING OF EACH OF THE ISSUER'S CLASSES
OF COMMON STOCK, AS OF THE LATEST PRACTICABLE DATE.
CLASS OUTSTANDING AT OCTOBER 28, 1998
COMMON SHARES, $1.00 PAR VALUE 5,251,517 (EXCLUSIVE OF 363,564
TREASURY SHARES)
SELAS CORPORATION OF AMERICA
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.
SELAS CORPORATION OF AMERICA
(REGISTRANT)
DATE: NOVEMBER 13, 1998
ROBERT W. ROSS
VICE PRESIDENT AND CFO
EXHIBIT INDEX
EXHIBITS:
EX-27 FINANCIAL DATA SCHEDULE FOR THE NINE MONTHS
ENDED SEPTEMBER 30, 1998.
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
financial statements of Selas Corporation of America for the nine months
ended September 30, 1998 and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> SEP-30-1998
<CASH> 4,177,680
<SECURITIES> 0
<RECEIVABLES> 31,849,075
<ALLOWANCES> 1,089,964
<INVENTORY> 14,187,131
<CURRENT-ASSETS> 52,807,022
<PP&E> 38,495,814
<DEPRECIATION> 19,718,360
<TOTAL-ASSETS> 88,895,883
<CURRENT-LIABILITIES> 34,436,475
<BONDS> 6,985,602
0
0
<COMMON> 5,591,524
<OTHER-SE> 37,914,170
<TOTAL-LIABILITY-AND-EQUITY> 88,895,883
<SALES> 72,291,184
<TOTAL-REVENUES> 72,291,184
<CGS> 54,765,344
<TOTAL-COSTS> 54,765,344
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 137,071
<INTEREST-EXPENSE> 841,114
<INCOME-PRETAX> 3,711,144
<INCOME-TAX> 468,235
<INCOME-CONTINUING> 3,242,909
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 3,242,909
<EPS-PRIMARY> .62
<EPS-DILUTED> .61
</TABLE>
