FORM 10-Q/A
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 1 to
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 1996
Commission File Number: 0-23238
DEFLECTA-SHIELD CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 42-1411117
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
1800 North 9th Street, Indianola, 50125
Iowa (Zip Code)
(Address of principal executive
offices)
(515) 961-6100
(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:
As of November 14, 1996, 4,800,000 shares of the registrant's
Common Stock were outstanding.<PAGE>
<PAGE>
PART I
Item 1. Financial Statements
The Condensed Consolidated Statements of Operations for the Three
Months ended September 30, 1995 and 1996 are hereby amended in their
entirety to read as follows:
DEFLECTA-SHIELD CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(in thousands, except per share amounts)
<TABLE>
<CAPTION>
Three Months Ended September 30,
1995 1996
<S> <C> <C>
Net sales . . . . . . . . . . . . . $16,007 $18,465
Cost of sales . . . . . . . . . . . 11,167 12,035
------- -------
Gross profit . . . . . . . . . . . 4,840 6,430
Operating expenses:
Selling . . . . . . . . . . . . . 2,552 2,386
General and administrative . . . 1,593 1,707
Amortization of other assets . . 131 113
------- -------
Income from operations . . . . . . 564 2,224
Interest expense . . . . . . . . . 407 250
------- -------
Income before income taxes . . . . 157 1,974
Income tax expense . . . . . . . . 61 729
------- -------
Net income . . . . . . . . . . . . $ 96 $ 1,245
======= ========
Net income per share . . . . . . . $ .02 $ .26
======= ========
Weighted average common
shares outstanding . . . . . . . . 4,800 4,800
</TABLE>
The accompanying notes are an integral part of these statements.
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<PAGE>
SIGNATURE
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.
Date: November 14, 1996
DEFLECTA-SHIELD CORPORATION
By: /s/ RONALD C. FOX
--------------------
Ronald C. Fox,
Chief Financial Officer
(Duly authorized officer
and Principal Financial
and Accounting Officer)
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