U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
[X] QUARTERLY REPORT PURSUANT SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1996
[ ] TRANSITION REPORT PURSUANT SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
Commission File Number 00-22690
CONSOLIDATED STAINLESS, INC.
State of Incorporation: Delaware
IRS Employer Identification Number: 59-1669166
2170 West State Road 434; Suite 330
Longwood, Florida 32779
(407) 682-4999
Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 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
--- ---
As of May 10, 1996, Consolidated Stainless, Inc. had outstanding
4,305,881 shares of Common Stock, par value $.01 per share.
<PAGE>
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
CONSOLIDATED STAINLESS, INC.
----------------------------
(Registrant)
Date: June 26, 1996 By: /s/ Ronald J. Adams
---------------- ------------------------
Ronald J. Adams,
President
Chief Operating Officer
- 13 -
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF INCOME FOUND
ON PAGES 1 THROUGH 3 OF THE COMPANY'S FORM 10-Q FOR THE YEAR-TO-DATE, AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> MAR-31-1996
<CASH> 459,914
<SECURITIES> 0
<RECEIVABLES> 7,944,636
<ALLOWANCES> 73,615
<INVENTORY> 25,549,331
<CURRENT-ASSETS> 35,525,638
<PP&E> 17,824,002
<DEPRECIATION> 3,380,470
<TOTAL-ASSETS> 54,330,952
<CURRENT-LIABILITIES> 11,016,704
<BONDS> 30,756,338
0
0
<COMMON> 43,029
<OTHER-SE> 11,526,923
<TOTAL-LIABILITY-AND-EQUITY> 54,330,952
<SALES> 14,427,228
<TOTAL-REVENUES> 14,427,228
<CGS> 11,263,155
<TOTAL-COSTS> 11,263,155
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 11,250
<INTEREST-EXPENSE> 740,240
<INCOME-PRETAX> 598,300
<INCOME-TAX> 239,320
<INCOME-CONTINUING> 358,980
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 358,980
<EPS-PRIMARY> 0.08
<EPS-DILUTED> 0.08
</TABLE>
