UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
(Mark One)
[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR
15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly 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 0-23210
TRISM, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 13-3491658
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
1425 Franklin Road, Marietta, Georgia 30065-0426
Address of principal executive offices) (Zip Code)
770-427-4231
(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. X Yes No
As of April 30, 1996, 5,733,137 shares of TRISM, INC.'s
common stock, par value $.01 per common share were
outstanding.
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
June 26, 1996 By: Daryl W. Deel
DATE Daryl W. Deel
Executive Vice President
of Finance and Treasurer
(Chief Financial and
Accounting Officer)
<PAGE>
EXHIBIT INDEX
NUMBER DESCRIPTION
11 COMPUTATION OF EARNINGS PER SHARE
27 FINANCIAL DATA SCHEDULE
<PAGE>
[MULTIPLIER] 1,000
<TABLE>
(UNAUDITED)
Three Months Ended March 31,
1996 1995
<S> <C> <C>
Net income (loss)
Net income (loss) $ (2,198) $ 352
======== ========
Weighted average number of shares
Primary:
Average common
shares outstanding 5,733 5,830
Common share equiva-
lents resulting
from assumed exercise
of stock options 1 61
------- -------
5,734 5,891
======= =======
Fully diluted:
Average common shares
outstanding 5,733 5,830
Common share equivalents
resulting from assumed
exercise of stock
options 1 61
------ ------
5,734 5,891
====== ======
Earnings per common share:
Primary $(.38) $.06
Fully diluted (.38) .06
Primary earnings per common share are computed by
dividing net income, by the weighted average number of
common shares and common share equivalents outstanding.
Common share equivalents are computed using the treasury
stock method. Under the treasury stock method, an average
market price is used to determine the number of common
share equivalents for primary earnings per common share.
The higher of the average or the end of period market price
is used to determine the number of common share equivalents
for fully diluted earnings per common share.
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> Dec-31-1996
<PERIOD-START> Jan-01-1996
<PERIOD-END> Mar-31-1996
<CASH> 1,080
<SECURITIES> 0
<RECEIVABLES> 48,394
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 73,024
<PP&E> 166,629
<DEPRECIATION> 47,797
<TOTAL-ASSETS> 222,270
<CURRENT-LIABILITIES> 45,807
<BONDS> 131,638
<COMMON> 59
0
0
<OTHER-SE> 32,850
<TOTAL-LIABILITY-AND-EQUITY> 222,270
<SALES> 73,040
<TOTAL-REVENUES> 73,040
<CGS> 0
<TOTAL-COSTS> 72,790
<OTHER-EXPENSES> 147
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 3,660
<INCOME-PRETAX> (3,557)
<INCOME-TAX> (1,359)
<INCOME-CONTINUING> (2,198)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (2,198)
<EPS-PRIMARY> (.38)
<EPS-DILUTED> (.38)
</TABLE>
