ADD to BW0579, TX-ELAMEX
--ADD to BW0579 (TX-ELAMEX) after last graph xxx manufacturing processes. Earnings tables should be inserted after Elamex boilerplate information.
ELAMEX, S.A. DE C.V. AND SUBSIDIARIES
Consolidated Condensed Statements of Operations
(In Thousands of U.S. Dollars, except per share amounts)
(Unaudited)
13 Weeks ended
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March 30, March 31,
2001 2000
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Net sales $ 35,757 $ 51,326
Cost of sales 37,048 48,750
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Gross (loss) profit (1,291) 2,576
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Operating expenses:
General and administrative 3,351 2,729
Selling 513 525
Re-structuring charges 9,249 --
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Total operating expenses 13,113 3,254
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Operating loss (14,404) (678)
Other income (expense):
Interest income 485 112
Interest expense (634) (957)
Other, net (138) 429
Gain on sale of subsidiaries 2,368 --
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Total other income (expense) 2,081 (416)
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Loss before income taxes
and minority interest (12,323) (1,094)
Income tax benefit (854) (220)
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Loss before minority interest (11,469) (874)
Minority interest in loss
of subsidiaries 4,421 365
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Net loss $ (7,048) $ (509)
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Basic and diluted loss
per common share $ (1.03) $ (0.07)
Weighted average shares
outstanding 6,866,100 6,866,100
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ELAMEX, S.A. DE C.V. AND SUBSIDIARIES
Consolidated Condensed Balance Sheets
(In Thousands of U.S. Dollars)
(Unaudited)
March 30, December 31,
2001 2000
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Assets
Current assets $ 73,644 $ 76,775
Property, plant and
equipment, net 52,804 55,108
Other assets, net 10,380 10,485
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$ 136,828 $ 142,368
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Liabilities and Stockholders' Equity
Current liabilities $ 38,602 $ 34,667
Long-term debt and liabilities 28,477 26,455
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Total liabilities 67,079 61,122
Minority interest (3,947) 474
Stockholders' equity 73,696 80,772
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$ 136,828 $ 142,368
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