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Previous: DEUTSCHE FLOORPLAN RECEIVABLES L P, 8-K, 1998-12-18 |
Next: ARCH COMMUNICATIONS GROUP INC /DE/, 424B3, 1998-12-18 |
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended
September 30, 1998
Commission file number 0-22924
HILITE INDUSTRIES, INC.
-----------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 75-2147742
------------------------------ ------------------------------
(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
1671 S. Broadway, Carrollton, Texas 75006
------------------------------------------------
(Address of principal executive offices with zip code)
972-466-0475
-------------------
(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
-- --
As of November 11, 1998, the Company had 4,900,000 shares of Common Stock
outstanding.
<PAGE>
PART II. - OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K
(a) Exhibits:
27. Financial Data Schedule
(b) Reports on Form 8-K:
None
<PAGE>
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 thereunto duly authorized.
HILITE INDUSTRIES, INC.
Date: December 18, 1998 /s/ Daniel W. Brady
--------------------------------------
Daniel W. Brady
Chief Executive Officer
Date: December 18, 1998 /s/ Roy Wiegmann
--------------------------------------
Roy Wiegmann
Chief Financial Officer
<TABLE> <S> <C>
<ARTICLE> 5
<CIK> 0000915197
<NAME> Hilite Industries, Inc.
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> SEP-30-1998
<CASH> 0
<SECURITIES> 0
<RECEIVABLES> 14,733,197
<ALLOWANCES> 190,000
<INVENTORY> 11,031,883
<CURRENT-ASSETS> 28,502,885
<PP&E> 44,726,950
<DEPRECIATION> 17,015,786
<TOTAL-ASSETS> 60,055,211
<CURRENT-LIABILITIES> 12,439,565
<BONDS> 0
0
0
<COMMON> 49,000
<OTHER-SE> 27,171,640
<TOTAL-LIABILITY-AND-EQUITY> 60,055,211
<SALES> 21,315,997
<TOTAL-REVENUES> 21,315,997
<CGS> 16,771,418
<TOTAL-COSTS> 19,068,039
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 347,995
<INCOME-PRETAX> 1,899,963
<INCOME-TAX> 704,732
<INCOME-CONTINUING> 1,195,231
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,195,231
<EPS-PRIMARY> .24
<EPS-DILUTED> .24
</TABLE>
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