SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
July 24, 1995
(Date of Report, date of earliest event reported)
VALCOR, INC.
(Exact name of Registrant as specified in its charter)
Delaware 33-63044 74-2678674
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) No.)
5430 LBJ Freeway, Suite 1700, Dallas, TX 75240-2697
(Address of principal executive offices) (Zip Code)
(214) 233-1700
(Registrant's telephone number, including area code)
Not applicable
(Former name or address, if changed since last report)
Item 5: Other Events
On July 24, 1995, the Registrant issued the press release attached
hereto as Exhibit 99.1 which is incorporated herein by reference.
Item 7: Financial Statements, Pro Forma Financial Information
and Exhibits
(c) Exhibit
Item No. Exhibit Index
99.1 Press release dated July 24, 1995
issued by the Registrant
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 hereunto duly authorized.
VALCOR, INC.
(Registrant)
By: /s/ Steven L. Watson
Steven L. Watson
Vice President & Secretary
Date: July 24, 1995
VALCOR ANNOUNCES EARNINGS
DALLAS, TEXAS . . July 24, 1995 . . Valcor, Inc. reported net
income of $13.5 million for the first six months of 1995, compared to net income
of $13.3 million for the first half of 1994. Second quarter net income was $6.8
million, down from net income of $9.1 million in 1994. Higher selling prices
for medium density fiberboard ("MDF") were offset by higher costs and lower
volumes, and the Company's reduction in log sales resulted in the decline in
second quarter building products results.
<HEADER>
SUMMARY OF OPERATIONS
(Unaudited)
(In millions)
</HEADER>
<TABLE>
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
<S> <C> <C> <C> <C>
1994 1995 1994 1995
Net sales
Building products $53.4 $49.4 $ 93.4 $108.0
Hardware products 17.5 19.3 35.5 39.4
Fast food 27.6 28.8 54.3 55.6
$98.5 $97.5 $183.2 $203.0
Operating income
Building products $11.6 $ 8.3 $ 16.7 $ 18.6
Hardware products 5.0 5.1 10.1 10.6
Fast food 2.3 1.8 3.9 2.9
Total operating income 18.9 15.2 30.7 32.1
Interest expense (4.3) (4.9) (8.6) (9.9)
Corporate, net - .3 - (.6)
Income before income taxes 14.6 10.6 22.1 21.6
Income taxes 5.5 3.8 8.8 8.1
Net income $ 9.1 $ 6.8 $ 13.3 $ 13.5
</TABLE>
Valcor Inc., a wholly-owned subsidiary of publicly-traded Valhi,
Inc. (NYSE: VHI), is engaged in the building products, hardware products and
fast food industries. In connection with the registration of its 95/8% Senior
Notes due 2003, Valcor files periodic reports with the Securities and Exchange
Commission.
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