SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 10-Q/A
QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the quarter ended December 28, 1996 Commission File No.: 1-5522
STERLING ELECTRONICS CORPORATION
------------------------------------------------------
(Exact name of registrant as specified in its charter)
NEVADA 74-1261194
- ------------------------------- -------------------------------
(Sate or other jurisdiction of IRS Employer Identification No.
incorporation or organization
4201 Southwest Freeway, Houston, Texas 77027
--------------------------------------------------
(Address of principal executive office) (Zip Code)
Registrant's area code and telephone number: (713) 627-9800
Indicate by check mark whether the registrant (1) has filed all reports
required by Section 13 or 15(d) of the Securities Exchange act of 1934 during
the preceding twelve 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 close of the period by this report.
Class Outstanding at February 5, 1997
- ---------------------------- -------------------------------
Common Stock, $.50 par value 7,044.872
<PAGE>
The undersigned registrant hereby amends the items, financial statements,
exhibits or other portions of its Form 10-Q for the quarter ended December 28,
1996 as set forth below.
LIST OF ITEMS AMENDED
---------------------
1. Amendment of Exhibit 27
TEXT OF AMENDMENTS
------------------
1. Amendment of Exhibit 27
-----------------------
The purpose of this amendment is to properly file Exhibit 27. Exhibit 27 is
hereby amended with Exhibit 27 attached hereto and filed herewith.
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.
STERLING ELECTRONICS CORPORATION
/s/ Mac McConnell
______________________________
Date: April 15, 1997 Mac McConnell, Vice-President
Chief Financial Officer
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
form 10-Q for the quarter ended December 28, 1996 and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CAPTION>
<S> <C>
<PERIOD-TYPE> 9-mos
<FISCAL-YEAR-END> Mar-29-1997
<PERIOD-START> Mar-31-1996
<PERIOD-END> Dec-28-1997
<CASH> 17,070,387
<SECURITIES> 0
<RECEIVABLES> 48,654,632
<ALLOWANCES> 1,829,815
<INVENTORY> 66,314,540
<CURRENT-ASSETS> 115,663,759
<PP&E> 15,791,937
<DEPRECIATION> 6,195,176
<TOTAL-ASSETS> 138,837,985
<CURRENT-LIABILITIES> 39,506,354
<BONDS> 41,343,009
0
0
<COMMON> 3,695,508
<OTHER-SE> 49,934,623
<TOTAL-LIABILITY-AND-EQUITY> 138,837,985
<SALES> 241,580,695
<TOTAL-REVENUES> 241,580,695
<CGS> 187,862,921
<TOTAL-COSTS> 228,622,241
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 1,055,010
<INTEREST-EXPENSE> 1,403,521
<INCOME-PRETAX> 11,554,933
<INCOME-TAX> 4,592,000
<INCOME-CONTINUING> 6,962,933
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 6,962,933
<EPS-PRIMARY> .96
<EPS-DILUTED> .96
</TABLE>
