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/C O R R E C T I O N -- ROHR/

 In NY018, "Rohr Earns 16 Cents Per Share on $342.1 Million of Sales in the Second Quarter," moved Monday, Feb. 22, 1993, we are advised by the company that the column heading in the Condensed Balance Sheets tabular material should read "1/31/93" sted of "11/01/92" as originally moved. The corrected release follows:
 ROHR EARNS 16 CENTS PER SHARE ON $342.1 MILLION OF SALES
 IN THE SECOND QUARTER
 CHULA VISTA, Calif., Feb. 22 /PRNewswire/ -- Rohr (NYSE: RHR) reported earnings per share of 16 cents on sales of $342.1 million for the fiscal year 1993 second quarter which ended Jan. 31, 1993. Net income during the quarter was impacted by provisions for various litigation uncertainties which reduced reported earnings by 17 cents per share. Sales for the same period in the previous year were $306.9 million with net income of 48 cents per share.
 The growth in sales during the second quarter of this fiscal year resulted from deliveries on the A340 program which were delayed from the first quarter as well as non-recurring sales resulting from recent negotiations on the PW4000 program. Sales levels for the full fiscal year 1993 are still anticipated to be approximately 10 percent below fiscal year 1992 levels. Given the recently announced production rate declines from our customers, it is anticipated that fiscal year 1994 sales will continue to decline below the expected fiscal year 1993 level. Commercial business was 89 percent of second quarter sales compared to 85 percent for the same period in the previous year.
 The company's operating margin was 4.8 percent of sales in the second quarter (6.2 percent excluding the provision for the unresolved legal issues) compared to 7.7 percent in the first quarter of fiscal year 1993 and 8 percent in the second quarter of fiscal year 1992.
 During the second quarter of fiscal year 1993, cash flows from operating activities were negatively impacted by increases in accounts receivables, reduced customer progress payments and increases in cash requirements associated with the development of the MD90 nacelle program and initial nacelle production deliveries for the A340 program. Net interest for the quarter was $12.0 million compared to $11.1 million for the second quarter of fiscal year 1992.
 The sales for the first six months of fiscal 1993 amounted to $626.0 million compared to $631.7 million for the same period in the prior year. Net income for the first six months of this fiscal year amounts to 54 cents per share (71 cents per share without the provisions for litigation uncertainties) compared to 98 cents per share in the first six months of the prior year.
 Total financings (balance sheet debt plus off-balance sheet financing) have increased by $63 million during the first six months of fiscal year 1993. If the company is able to accomplish its objective of achieving positive operating cash flow for the balance of fiscal year 1993, the company intends to reduce its total financings.
 Employment levels are continuing to be reduced in line with the slowdown in production rates received from our major customers. At the end of fiscal year 1992, it was indicated that there would be possible further reductions of 1,500 to 2,000 employees over the next two to three years. In the first six months of fiscal year 1993, employment levels have been reduced by about 730 employees. Total full-time employment at the end of the second quarter was approximately 8,500 employees.
 Capital expenditures for property, plant and equipment have been scaled back and are now estimated to be approximately $30 million for fiscal year 1993 which is about one-half the level of expenditures in this area during fiscal year 1992.
 Prior to the end of the second quarter, Pratt & Whitney notified the company that it would continue the PW4000 nacelle program with Rohr and extended its existing contract to include requirements through the year 2002.
 Members of the International Association of Machinists and Aerospace Workers at Rohr's Chula Vista and Riverside facilities voted February 21 to ratify a new three-year labor agreement.
 Total backlog at the end of the second quarter is $4.0 billion ($1.6 billion firm and $2.4 billion anticipated). Backlog at the end of the second quarter of the previous year was $4.5 billion ($1.7 billion firm and $2.8 billion anticipated).
 Rohr designs, integrates, manufactures and supports engine nacelle systems and components for commercial, military and business aircraft. The company also manufactures solid rocket motor casings and nozzles for the Titan IV launch vehicle. Rohr, headquartered in Chula Vista, has facilities in the United States and Europe.
 ROHR, INC. AND SUBSIDIARIES
 Condensed Statements of Earnings
 ($000 except per share data)
 Periods ended Three months Six months
 1/31/93 2/2/92 1/31/93 2/2/92
 Sales $342,105 $306,924 $626,004 $631,690
 Costs and expenses 325,756 282,333 587,769 581,211
 Operating income 16,349 24,591 38,235 50,479
 Interest expense-net 12,074 11,054 22,770 23,107
 Income before taxes on
 income 4,275 13,537 15,465 27,372
 Taxes on income 1,460 4,940 5,880 9,990
 Net income $2,815 $8,597 $9,585 $17,382
 Net income per average
 share of common stock $0.16 $0.48 $0.54 $0.98
 Total common stock and
 equivalents 17,897 17,761 17,884 17,689
 Statistics (percent):
 Operating income to
 sales 4.8 8.0 6.1 8.0
 Effective tax rate 34.2 36.5 38.0 36.5
 Net income to sales 0.8 2.8 1.5 2.8
 ROHR, INC. AND SUBSIDIARIES
 Condensed Balance Sheets ($000)
 1/31/93 7/31/92
 ASSETS
 Cash and short-term investments $27,938 $21,122
 Accounts receivable 212,680 133,153
 Inventories - net 852,289 832,977
 Prepaid expenses and other current assets 13,262 21,118
 Total current assets 1,106,169 1,008,370
 Property, Plant and Equipment - net 245,948 270,283
 Investment in Leases and Other Assets 88,286 85,305
 Total $1,440,403 $1,363,958
 LIABILITIES AND SHAREHOLDERS' EQUITY
 Trade accounts and other payables $147,329 $162,638
 Other accrued liabilities 94,289 97,441
 Short-term debt 25,000 20,000
 Current portion of long-term debt 51,042 27,517
 Total Current Liabilities 317,660 307,596
 Long-Term Deferred Taxes on Income 41,912 43,458
 Long-Term Debt 552,201 525,077
 Other Obligations 69,244 38,961
 Shareholders' Equity 459,386 448,866
 Total $1,440,403 $1,363,958
 ROHR, INC. AND SUBSIDIARIES
 Condensed Statements of Cash Flows ($000)
 Increase (Decrease) in Cash and Short-term Investments
 Periods ended Three Months Six Months
 1/31/93 2/2/92 1/31/93 2/2/92
 OPERATING ACTIVITIES:
 Net income $2,815 $8,597 $9,585 $17,382
 Depreciation and
 amortization 6,204 6,969 12,648 13,378
 Decrease (increase) in
 receivables (28,769) 11,889 (34,527) 1,047
 Decrease (increase) in
 inventories 21,401 (23,317) (19,312) (39,902)
 Other (21,465) 15,526 (3,965) 27,092
 Net cash provided by
 (used in) operating
 activities (19,814) 19,664 (35,571) 18,997
 INVESTING ACTIVITIES:
 Proceeds from sale-
 leaseback transactions 4,595 52,247
 Purchase of property,
 plant and equipment (6,993) (12,359) (18,878) (20,559)
 Other, including investment
 in leases (2,469) 113 (2,522) 2,506
 Net cash provided by
 (used in) investing
 activities (4,867) (12,246) 30,847 (18,053)
 FINANCING ACTIVITIES:
 Issuance of 9.33 percent
 senior notes 62,000 62000
 Repayment of medium-
 term notes (10,000) (5,000)
 Repayment of 9.35 percent
 senior notes (12,500) (12,500)
 Short-term borrowings
 (repayments) 15,000 (15,000) 5,000 (22,000)
 Net long-term borrowings
 (repayments) 9,687 (2,842) 11,288 6,780
 Repurchase of receivables
 previously sold (45,000) (45,000)
 Other 4,926 752 8,066
 Net cash provided by
 (used in) financing
 activities 29,187 (12,916) 11,540 (12,154)
 Increase (decrease) in
 cash and short-term
 investments 4,506 (5,498) 6,816 (11,210)
 Cash and short-term
 investments, beginning
 of period 23,432 19,846 21,122 25,558
 Cash and short-term
 investments, end of
 period 27,938 14,348 27,938 14,348
 -0- 2/24/93
 /CONTACT: John Walsh of Rohr, Inc., 619-691-2808/
 (RHR)


CO: Rohr, Inc. ST: California IN: SU: ERN

JL -- SD007 -- 0154 02/24/93 19:21 EST
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