UNITED STATES
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) |
| June 10, 2004 |
Alliant Techsystems Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware |
| 1-10582 |
| 41-1672694 |
(State or Other Jurisdiction |
| (Commission |
| (IRS Employer |
|
|
|
|
|
5050 Lincoln Drive |
| 55436-1097 | ||
(Address of Principal Executive Offices) |
| (Zip Code) |
Registrant’s telephone number, including area code: |
| (952) 351-3000 |
Not applicable
(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
Effective April 1, 2004 (fiscal 2005), Alliant Techsystems Inc. (ATK or registrant) realigned its business operations, forming a new segment, Advanced Propulsion and Space Systems. Following this realignment, and the acquisition of Mission Research Corporation (MRC), ATK has five segments: ATK Thiokol, Ammunition, Precision Systems, Advanced Propulsion and Space Systems, and ATK Mission Research.
The following summarizes ATK’s results by operating segment taking into account the realignment for each quarter in the years ended March 31, 2004 and 2003 (in thousands):
|
| Fiscal 2004 Quarter Ended |
| Fiscal 2004 |
| |||||||||||
|
| June 29 |
| September 28 |
| December 28 |
| March 31 |
| Total Year |
| |||||
Sales to external customers: |
|
|
|
|
|
|
|
|
|
|
| |||||
ATK Thiokol |
| $ | 217,956 |
| $ | 200,922 |
| $ | 184,463 |
| $ | 195,886 |
| $ | 799,227 |
|
Ammunition |
| 172,816 |
| 191,351 |
| 184,279 |
| 217,176 |
| 765,622 |
| |||||
Precision Systems |
| 109,267 |
| 119,138 |
| 126,571 |
| 168,565 |
| 523,541 |
| |||||
Advanced Propulsion and Space Systems |
| 59,099 |
| 55,140 |
| 68,504 |
| 88,521 |
| 271,264 |
| |||||
ATK Mission Research |
| — |
| — |
| — |
| 6,539 |
| 6,539 |
| |||||
Total external sales |
| 559,138 |
| 566,551 |
| 563,817 |
| 676,687 |
| 2,366,193 |
| |||||
Intercompany sales: |
|
|
|
|
|
|
|
|
|
|
| |||||
ATK Thiokol |
| 720 |
| 579 |
| 629 |
| 474 |
| 2,402 |
| |||||
Ammunition |
| 3,141 |
| 5,788 |
| 2,858 |
| 8,309 |
| 20,096 |
| |||||
Precision Systems |
| 2,376 |
| 3,221 |
| 2,720 |
| 4,689 |
| 13,006 |
| |||||
Advanced Propulsion and Space Systems |
| 9,168 |
| 7,787 |
| 7,410 |
| 10,615 |
| 34,980 |
| |||||
Corporate |
| (15,405 | ) | (17,375 | ) | (13,617 | ) | (24,087 | ) | (70,484 | ) | |||||
Total intercompany sales |
| — |
| — |
| — |
| — |
| — |
| |||||
Total sales |
| $ | 559,138 |
| $ | 566,551 |
| $ | 563,817 |
| $ | 676,687 |
| $ | 2,366,193 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations before interest, income taxes and minority interest: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ATK Thiokol |
| $ | 34,082 |
| $ | 36,517 |
| $ | 31,058 |
| $ | 34,311 |
| $ | 135,968 |
|
Ammunition |
| 15,896 |
| 19,371 |
| 19,938 |
| 15,678 |
| 70,883 |
| |||||
Precision Systems |
| 11,714 |
| 12,686 |
| 14,962 |
| 18,481 |
| 57,843 |
| |||||
Advanced Propulsion and Space Systems |
| 8,911 |
| 3,802 |
| 6,684 |
| 2,916 |
| 22,313 |
| |||||
ATK Mission Research |
| — |
| — |
| — |
| 415 |
| 415 |
| |||||
Corporate |
| (2,591 | ) | (2,696 | ) | (2,191 | ) | (2,881 | ) | (10,359 | ) | |||||
Income from continuing operations before interest, income taxes and minority interest |
| $ | 68,012 |
| $ | 69,680 |
| $ | 70,451 |
| $ | 68,920 |
| $ | 277,063 |
|
2
|
| Fiscal 2003 Quarter Ended |
| Fiscal 2003 |
| |||||||||||
|
| June 30 |
| September 29 |
| December 29 |
| March 31 |
| Total Year |
| |||||
Sales to external customers: |
|
|
|
|
|
|
|
|
|
|
| |||||
ATK Thiokol |
| $ | 226,401 |
| $ | 190,803 |
| $ | 202,076 |
| $ | 211,009 |
| $ | 830,289 |
|
Ammunition |
| 164,647 |
| 164,989 |
| 163,905 |
| 188,221 |
| 681,762 |
| |||||
Precision Systems |
| 88,445 |
| 121,654 |
| 114,407 |
| 155,480 |
| 479,986 |
| |||||
Advanced Propulsion and Space Systems |
| 40,397 |
| 35,699 |
| 39,370 |
| 64,632 |
| 180,098 |
| |||||
Total external sales |
| 519,890 |
| 513,145 |
| 519,758 |
| 619,342 |
| 2,172,135 |
| |||||
Intercompany sales: |
|
|
|
|
|
|
|
|
|
|
| |||||
ATK Thiokol |
| 943 |
| 413 |
| 879 |
| 574 |
| 2,809 |
| |||||
Ammunition |
| 6,919 |
| 2,213 |
| 3,283 |
| 11,504 |
| 23,919 |
| |||||
Precision Systems |
| 82 |
| 130 |
| 340 |
| 3,899 |
| 4,451 |
| |||||
Advanced Propulsion and Space Systems |
| 9,518 |
| 8,367 |
| 9,795 |
| 10,348 |
| 38,028 |
| |||||
Corporate |
| (17,462 | ) | (11,123 | ) | (14,297 | ) | (26,325 | ) | (69,207 | ) | |||||
Total intercompany sales |
| — |
| — |
| — |
| — |
| — |
| |||||
Total sales |
| $ | 519,890 |
| $ | 513,145 |
| $ | 519,758 |
| $ | 619,342 |
| $ | 2,172,135 |
|
|
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Income from continuing operations before interest and income taxes: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ATK Thiokol |
| $ | 42,743 |
| $ | 28,619 |
| $ | 28,503 |
| $ | 38,342 |
| $ | 138,207 |
|
Ammunition |
| 12,324 |
| 17,723 |
| 25,039 |
| 18,095 |
| 73,181 |
| |||||
Precision Systems |
| 6,555 |
| 13,764 |
| 14,433 |
| 14,028 |
| 48,780 |
| |||||
Advanced Propulsion and Space Systems |
| 5,975 |
| 5,711 |
| 7,131 |
| 9,298 |
| 28,115 |
| |||||
Corporate |
| (1,005 | ) | (1,710 | ) | (3,641 | ) | (6,384 | ) | (12,740 | ) | |||||
Income from continuing operations before interest and income taxes |
| $ | 66,592 |
| $ | 64,107 |
| $ | 71,465 |
| $ | 73,379 |
| $ | 275,543 |
|
3
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 hereunto duly authorized.
| ALLIANT TECHSYSTEMS INC. | ||
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| By: |
| /s/ Eric S. Rangen |
| Name: |
| Eric S. Rangen |
| Title: |
| Executive Vice President and Chief Financial Officer |
Date: June 10, 2004
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