SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-------------------------------------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report
(Date of earliest event reported):
July 21, 1998
----------------------------------------
THERMO ELECTRON CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware 1-8002 04-2209186
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification Number)
incorporation or
organization)
81 Wyman Street
Waltham, Massachusetts 02454
(Address of principal executive offices) (Zip Code)
(781) 622-1000
(Registrant's telephone number
including area code)
<PAGE>
Item 5. Other Events
On July 21, 1998, Thermo Electron Corporation (the "Company") issued a
press release, attached hereto as Exhibit 99, regarding its expected operating
income for the quarter ended July 4, 1998.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements of Business Acquired: not
applicable.
(b) Pro Forma Financial Information: not applicable.
(c) Exhibits
99 Press Release of the Company, dated July 21,
1998
<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, on this 22nd day of July, 1998.
THERMO ELECTRON CORPORATION
By: /s/ Sandra L. Lambert
Sandra L. Lambert
Secretary
<PAGE>
EXHIBIT 99
THERMO ELECTRON EXPECTS SECOND QUARTER
OPERATING INCOME TO BE APPROXIMATELY $105 MILLION
WALTHAM, Mass., July 21, 1998 -- Thermo Electron Corporation (NYSE-TMO)
announced today that it believes operating income for the second quarter, ended
July 4, 1998, will be approximately $105 million (before anticipated
restructuring charges of approximately $3 million). This is primarily the result
of lower-than-expected operating income at the company's Thermo Instrument
Systems Inc. (ASE-THI) subsidiary, which expects to report approximately $55
million for the quarter. Lower sales as a result of orders received late in the
quarter at Thermo Instrument's ThermoQuest (ASE-TMQ) subsidiary were the primary
cause of the lower operating income estimate.
Thermo Electron plans to release its complete quarterly earnings results
on August 13, 1998.
Thermo Electron Corporation is a world leader in environmental-monitoring
and analysis instruments, papermaking and recycling equipment, biomedical
products such as heart-assist devices and mammography systems, biomass electric
power generation, and other specialized products and technologies. The company
also provides a range of services related to environmental quality and personal
care. With annual worldwide sales of $3.6 billion, Thermo Electron has
approximately 22,000 employees and operations in 23 countries. Headquarters are
in Waltham, Massachusetts. More information is available on the Internet at
http://www.thermo.com.
This press release contains forward-looking statements that involve a
number of risks and uncertainties. Important factors that could cause actual
results to differ materially from those indicated by such forward-looking
statements are set forth under the heading "Forward-looking Statements" in
Exhibit 13 to the company's annual report on Form 10-K, as amended, for the year
ended January 3, 1998. These include risks and uncertainties relating to the
company's spinout and acquisition strategies, competition, international
operations, technological change, possible changes in governmental regulations,
regulatory approval requirements, capital spending and government funding
policies, dependence on intellectual property rights, and the potential impact
of the year 2000 on processing date-sensitive information.
