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): October 24, 2003
Gehl Company
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(Exact name or registrant as specified in its charter)
Wisconsin 0-18110 39-0300430
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
143 Water Street, West Bend, Wisconsin 53095
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(Address of principal executive offices, including zip code)
(262) 334-9461
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(Registrant's telephone number)
Item 7. Financial Statements and Exhibits.
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(a) Not applicable.
(b) Not applicable.
(c) Exhibits. The following exhibit is being furnished herewith:
(99) Press Release of Gehl Company, dated October 24, 2003.
Item 12. Results of Operations and Financial Condition.
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On October 24, 2003, Gehl Company (the "Company") issued a
press release announcing its financial results for the quarter and nine-month
period ended September 27, 2003. A copy of the press release is being furnished
as Exhibit 99 to this Current Report on Form 8-K.
Use of Non-GAAP Measures
The Company reports its financial results of operations in
accordance with accounting principles generally accepted in the United States
("GAAP"). The Company has also provided non-GAAP financial information to
complement its consolidated financial statements presented in accordance with
GAAP. The non-GAAP financial measures included in the Company's press release
are the Company's third quarter and year-to-date net income (loss) and earnings
(loss) per diluted share, excluding an after-tax asset impairment charge and an
after-tax restructuring charge relating to the Company's previously announced
closure and pending sales of its Lebanon, Pennsylvania and Owatonna, Minnesota
manufacturing facilities. Management believes it is useful for investors to
understand how its core operations performed without the effects of such
charges.
In the Company's judgment, excluding these charges allows
investors to meaningfully trend, analyze and benchmark the performance of the
Company's core operations. In addition, the Company believes that providing net
income (loss) and earnings (loss) per diluted share excluding these charges
provides a more meaningful comparison of the Company's operational performance
in 2003 to the comparable periods in 2002. Many of the Company's internal
performance measures exclude these charges to enable meaningful trending of core
operating metrics over an extended period of time. The Company has provided
within the earnings release a reconciliation of the non-GAAP financial measures
to the most directly comparable GAAP financial measures.
The non-GAAP financial measures included in the Company's
earnings release are intended to supplement the user's overall understanding of
the Company's current financial performance and its prospects for the future.
However, the non-GAAP financial measures are not intended to supercede or
replace the Company's GAAP financial results.
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SIGNATURES
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.
GEHL COMPANY
Date: October 24, 2003 By: /s/ Kenneth P. Hahn
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Kenneth P. Hahn
Vice President of Finance and Chief
Financial Officer
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GEHL COMPANY
Exhibit Index to Current Report on Form 8-K
Dated October 24, 2003
Exhibit
Number
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(99) Press Release of Gehl Company, dated October 24, 2003