UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
AMMENDMENT ONE - THIS IS TO AMMEND THE CONSOLIDATED CONDENSED STATEMENT
OF OPERATIONS AND THE SIGNATURE PAGE
(Mark One)
[X] Quarterly report pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
For the quarterly period ended June 28, 1996 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: 0-21204
SOUTHERN ENERGY HOMES, INC.
(Exact name of registrant as specified in its charter)
Delaware
63-1083246
(State or other jurisdiction of
(I.R.S. Employer
incorporation or organization)
Identification No.)
Highway 41 North, P.O. Box 390, Addison, Alabama
35540
(Address of principal executive offices)
(Zip Code)
(205) 747-8589
(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.
15,101,706 shares of Common Stock, $.0001 par value, as of July
23, 1996
SOUTHERN ENERGY HOMES, INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
(Unaudited)
Thirteen Weeks Ended Twenty-Six Weeks Ended
Ended
June 28, June 30, June 28, June 30,
1996 1995 1996 1995
NET SALES $83,921,000 $61,215,000 $155,032,000 $116,784,000
COST OF SALES
71,318,000 52,713,000 133,081,000 101,617,000
Gross profit 12,603,000 8,502,000 21,951,000 15,167,000
OPERATING EXPENSES:
Selling 1,520,000 1,461,000 3,179,000 2,856,000
General and
administrative 3,197,000 1,867,000 5,416,000 3,637,000
Provision for credit
losses 704,000 - 898,000 -
Amortization of
intangibles 124,000 103,000 249,000 208,000
5,545,000 3,431,000 9,742,000 6,701,000
Operating income 7,058,000 5,071,000 12,209,000 8,466,000
INTEREST EXPENSE 2,000 89,000 3,000 138,000
INTEREST INCOME 123,000 201,000 337,000 348,000
Income before income taxes 7,179,000 5,183,000 12,543,000 8,676,000
PROVISION FOR INCOME
TAXES 2,761,000 1,934,000 4,828,000 3,194,000
Net income $4,418,000 $3,249,000 $7,715,000 $5,482,000
NET INCOME PER SHARE $0.29 $0.23 $0.51 $0.39
WEIGHTED AVERAGE NUMBER
OF COMMOM AND COMMON
EQUIVALENT SHARES 15,071,239 14,161,336 15,062,406 14,161,336
The accompanying notes are an integral part of these
consolidated condensed financial statements.
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.
SOUTHERN ENERGY HOMES, INC.
Date: August 5, 1996 By:/S/WENDELL L. BATCHELOR
Wendell L. Batchelor,President
and Chief Executive Officer
Date: August 5, 1996 By:/S/KEITH W. BROWN
Keith W. Brown, Chief Financial Officer,
Treasurer and Secretary
