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 MARCH 31, 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- 21750
PrimeSource Corporation
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(Exact name of registrant as specified in its charter)
Pennsylvania 23-1430030
- ------------------------ --------------------
(State of incorporation) (I.R.S. Employer
Identification No.)
4350 Haddonfield Road, Suite 222, Pennsauken, NJ 08109
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(Address of principal executive offices) (Zip Code)
(609) 488-4888
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(Registrant's telephone number, including area code)
Indicate by a 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:
Class Outstanding at May 8, 1996
Common stock, par value $.01 6,552,279 shares
<PAGE>
Item 6. Exhibits and Reports on Form 8-K
a. Exhibits
Exhibit 27 -- Earnings per share information.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
PRIMESOURCE CORPORATION
(REGISTRANT)
BY /s/ William A. DeMarco
William A. DeMarco
Vice President of Finance and
Chief Financial Officer
(principal financial and accounting officer)
DATE July 5, 1996
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> MAR-31-1996
<CASH> 0
<SECURITIES> 0
<RECEIVABLES> 50,520
<ALLOWANCES> 1,503
<INVENTORY> 39,052
<CURRENT-ASSETS> 95,501
<PP&E> 18,466
<DEPRECIATION> 8,478
<TOTAL-ASSETS> 113,663
<CURRENT-LIABILITIES> 33,808
<BONDS> 28,378
0
0
<COMMON> 66
<OTHER-SE> 46,196
<TOTAL-LIABILITY-AND-EQUITY> 113,663
<SALES> 86,959
<TOTAL-REVENUES> 86,959
<CGS> 71,777
<TOTAL-COSTS> 71,777
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 200
<INTEREST-EXPENSE> 520
<INCOME-PRETAX> 1,405
<INCOME-TAX> 576
<INCOME-CONTINUING> 829
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 829
<EPS-PRIMARY> 0.13
<EPS-DILUTED> 0.13
</TABLE>
