UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT TO
FORM 10-Q
QUARTERLY REPORT URSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 1998
Commission File Number 0-27290
KSW, INC.
(Exact name of registrant as specified in its charter)
Delaware 11-3191686
(State of other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
37-16 23rd Street, Long Island City, New York 11101
(Address of principal executive offices) (Ziip Code)
718-361-6500
(Registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.
Indicate the number of shares outstanding of each of the issuer's classes
of common stock, as of the latest practicable date:
Outstanding
Class June 30, 1996
Common stock, $.01 par value 5,458,004
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This is page 1 of 4 pages
Amended Index to Exhibits in on Page 3
Item 6. Exhibits and Reports on Form 8-K.
The Form l0-Q for the quarterly period ended June 30, 1996 inadvertently
omitted the Financial Data Schedule required by Item 601(e) of Regulation S-K
and Regulations S-B and Rule 401 of Regulation S-T. The Financial Data Schedule
is annexed hereto as Exhibit 27 as requested in the letter from the Securities
and Exchange Commission to the Company dated September 25, 1996.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this amended report to be signed on its behalf by the
undersigned, thereunto duly authorized.
KSW, INC.
Date: October 3, 1996 /s/ Robert Brussel
--------------------
Robert Brussel
Chief Financial Officer
(Principal Financial and
Accounting Officer and
Duly Authorized Officer)
Page 2
KSW, INC.
AMENDED INDEX TO EXHIBITS
EXHIBIT SEQUENTIALLY
NUMBER DESCRIPTION NUMBERED PAGE
1 Statement regarding Computation of Per Share Earnings 13
2 Fleet Bank Line of Credit 14-17
27 Financial Data Schedule 18
Page 3
KSW, INC. AND SUBSIDIARY
SUMMARY INFORMATION
(in thousands, except share and per share data)
SIX MONTHS SIX MONTHS THREE MONTHS THREE MONTHS
ENDED ENDED ENDED ENDED
JUNE 30, 1996 JUNE 30, 1995 JUNE 30,1996 JUNE 30, 1995
------------- ------------- ------------ -------------
Income Statement:
Revenues $ 19,425 22,703 $ 10,588 $15,210
Cost of Sales 17,861 20,180 9,726 13,467
Gross Profit 1,564 2,523 862 1,743
Operating expenses 2,001 1,823 860 896
Selling, general, administration,
depreciation, interest and
income tax expenses 1,796 2,152 860 1,294
Income before income taxes (437) 700 2 847
Net income/(loss) (232) 371 2 449
Net income/(loss) and frilly
diluted income/(loss)
per share (.04) 0.5 0 0.6
Number of shares used in
computation 5,611,523 7,800,000 5,614,618 7,800,000
AS AT AS AT
JUNE 30, 1996 DECEMBER 31,1995
------------- ---------------------
Balance Sheet Data:
Total assets $ 21,996 $ 20,431
Working capital 5,169 4,928
Current liabilities 11,744 10,302
Long tea liabilities 31 0
Stockholders' equity 10,221 10,129
Other Data:
Current ratio 1.44:1 1.48:1
PAGE 18