SPEIZMAN INDUSTRIES INC
10-Q/A, 1995-05-30
SPECIAL INDUSTRY MACHINERY (NO METALWORKING MACHINERY)
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                               AMENDMENT NO. 1
    

                                   FORM 10-Q
                        SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.    20549


       [X]    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                   OF THE SECURITIES EXCHANGE ACT OF 1934

                 For the quarterly period ended April 1, 1995

                                                 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 No. 0-8544

                              SPEIZMAN INDUSTRIES, INC.
               (Exact name of registrant as specified in its charter)

             Delaware                                 56-0901212
     (State or other jurisdiction of               (I.R.S. Employer
      incorporation or organization)                Identification No.)
          508 West Fifth St.                               28202
       Charlotte, North Carolina                        (Zip Code)
 (Address of principal executive offices)

                                     (704) 372-3751
                    (Registrant's telephone number, including area code)

                                     Not Applicable
                  (Former name, former address and former fiscal year, if
                   changed since last report)

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, 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.

        Class of Common Stock                      Outstanding at
                                                   April 28, 1995
      ------------------------                    ----------------
      Par value $.10 per share                        3,208,599

   
                             Page 1 of 2
    

<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.


                                              SPEIZMAN INDUSTRIES, INC.
                                                    (Registrant)



   
Date:            May 30, 1995                  /s/ Robert S. Speizman
                                               Robert S. Speizman
                                               President


Date:            May 30, 1995                  /s/ Josef Sklut
                                               Josef Sklut
                                               Vice President-Finance
                                               (Chief Financial Officer)
    

   
                                 Page 2
    

<PAGE>


<TABLE> <S> <C>

<ARTICLE> 5
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          JUL-01-1995
<PERIOD-START>                             JUL-03-1994
<PERIOD-END>                               APR-01-1995
<CASH>                                       4,142,590
<SECURITIES>                                         0
<RECEIVABLES>                               13,883,495
   
<ALLOWANCES>                                    94,920
    
<INVENTORY>                                 10,054,899
<CURRENT-ASSETS>                            30,075,601
<PP&E>                                       2,089,537
   
<DEPRECIATION>                               1,417,216
    
<TOTAL-ASSETS>                              31,251,116
<CURRENT-LIABILITIES>                       12,586,497
<BONDS>                                              0
<COMMON>                                       323,620
                                0
                                          0
<OTHER-SE>                                  18,207,767
<TOTAL-LIABILITY-AND-EQUITY>                31,251,116
<SALES>                                     45,803,828
<TOTAL-REVENUES>                            45,803,828
<CGS>                                       40,240,039
<TOTAL-COSTS>                               44,178,378
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             (2,921)
<INCOME-PRETAX>                              1,628,371
<INCOME-TAX>                                   591,000
<INCOME-CONTINUING>                          1,037,371
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 1,037,371
<EPS-PRIMARY>                                     0.32
<EPS-DILUTED>                                     0.32
        



</TABLE>


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