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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of Report (Date of earliest
event reported) April 25, 1995
Tambrands Inc.
(Exact name of registrant as specified in its charter)
Delaware 1-8714 (13-1366500)
(State of (Commission File Number) (IRS Employer
incorporation) Identification No.)
777 Westchester Avenue, White Plains, New York 10604
(Address of principal executive offices) (Zip Code)
(914) 696-6000
(Registrant's telephone number,
including area code)
N/A
(Former name or former address, if changed since last report)
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Items 1-4. Not Applicable.
Item 5. Other Events.
The Company issued a press release on April 25, 1995.
Item 6. Not Applicable.
Item 7. Exhibits.
99.1 Press Release of the Company dated
April 25, 1995.
Item 8. Not Applicable.
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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.
Tambrands Inc.
/s/ Raymond F. Wright
By________________________________
Name: Raymond F. Wright
Title: Senior Vice President --
Chief Financial Officer
Date: April 25, 1995
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EXHIBIT INDEX
Sequentially
Exhibit No. Description Numbered Page
- ----------- ----------- -------------
99.1 Press Release of the Company
dated April 25, 1995
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EXHIBIT 99.1
Investor Contact: Media Contact:
- ----------------- --------------
Kathy B. Makrakis Bruce P. Garren
(914) 696-6509 (914) 696-6540
FOR IMMEDIATE RELEASE (Tuesday, April 25, 1995)
- -----------------------------------------------
TAMBRANDS REPORTS FIRST-QUARTER GROWTH ON RECORD VOLUME
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White Plains, New York--April 25, 1995--Tambrands Inc. (NYSE:TMB) today reported
growth in sales and earnings for the first quarter of 1995 on unit sales volume
that set a new first-quarter record.
Edward T. Fogarty, President and Chief Executive Officer, announced that net
sales for the quarter ended March 31, 1995 were $166,947,000, a 20% increase
over sales of $139,173,000 in the first quarter of 1994. The increase reflected
strong worldwide volume, with particular vitality in the United States, and a
relatively weak 1994 first-quarter comparison. The major contributors to the
U.S. growth were the positive consumer acceptance of the new Tampax Satin Touch
product, a major consumer promotion, and significantly increased marketing
support levels. In addition, both the tampon category and Tampax market shares
were up solidly versus 1994.
Net earnings were $22,822,000, 4% higher than earnings of $22,044,000 in first-
quarter 1994, and earnings per share increased to $0.62, up 7% from earnings per
share of $0.58 in the same period of 1994. Earnings per share increased at a
higher rate than net earnings because Tambrands' stock buybacks reduced the
number of shares outstanding. Marketing, selling and distribution expenses in
the quarter were substantially above last year's levels, as the Company
continued its increased marketing spending.
Mr. Fogarty commented, "The first quarter represents a great start to the year.
We have now had four quarters of solid volume and earnings growth and our goal
is to continue to build on this momentum." However, the Company noted that it
faces increasing marketplace pressures and tougher quarterly comparisons in the
periods ahead.
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The Company also announced that the Board of Directors today declared a regular
quarterly dividend of $.44 per share, payable on June 15, 1995 to shareholders
of record on June 2, 1995.
Tambrands has manufactured Tampax(R) tampons for almost 60 years, and today is
the worldwide market leader. Tampax tampons are sold in over 150 countries;
major markets include the United States, the United Kingdom, France, Canada,
Spain and Russia.
# # #
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TAMBRANDS INC.
CONSOLIDATED INCOME STATEMENT
3 Months Ended March 31
<TABLE>
<CAPTION>
Three Months Ended
March 31
(In thousands, except ------------------ Percent
per share figures) 1995 1994 Change
-------- -------- -------
<S> <C> <C> <C>
NET SALES $166,947 $139,173 20
COST OF PRODUCTS SOLD 55,304 43,921 26
-------- --------
GROSS PROFIT 111,643 95,252 17
SELLING, ADMINISTRATIVE
AND GENERAL:
MARKETING, SELLING
AND DISTRIBUTION 58,684 44,322 32
ADMINISTRATIVE AND GENERAL 13,715 14,015 (2)
-------- --------
72,399 58,337 24
-------- --------
OPERATING INCOME 39,244 36,915 6
INTEREST, NET AND OTHER (2,434) (1,924) (27)
-------- --------
EARNINGS BEFORE PROVISION
FOR INCOME TAXES 36,810 34,991 5
PROVISION FOR INCOME TAXES 13,988 12,947 8
-------- --------
NET EARNINGS $ 22,822 $ 22,044 4
======== ========
NET EARNINGS PER COMMON SHARE $ 0.62 $ 0.58 7
======== ========
AVERAGE SHARES OUTSTANDING 36,685 37,715
</TABLE>
