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) JULY 24, 1996
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CAREER HORIZONS, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-23534 22-3038096
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
177 CROSSWAYS PARK DRIVE, WOODBURY, NY 11797
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (516) 682-1400
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ITEM 5.
Other Events
On July 24, 1996, Career Horizons, Inc. announced the results of operations
for the three and six month periods ended June 30, 1996.
Revenues rose 58 percent to $148.7 million for the three months ended June 30,
1996, from $94.2 million for the corresponding period a year ago. Net income
advanced 76 percent to $4.8 million, or $0.25 per share, from $2.7 million, or
$0.22 per share. The increases were attributable primarily to the Company's
aggressive acquisition strategy and continued internal growth in general
staffing and PL Services. The earnings per share comparison reflects an 88
percent increase in the number of average shares outstanding as a result of
two financings completed in previous quarters.
For the six months ended June 30, 1996, revenues were $275.9 million, an
increase of 50 percent from $183.7 million a year ago. Net income rose 74
percent to $7.3 million, or $0.43 per share, from $4.2 million (before special
charge of $550,000), or $0.34 per share, for the first half of 1995. Shares
outstanding increased by 74 percent.
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.
CAREER HORIZONS, INC.
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(Registrant)
Date July 26, 1996 By: /s/ Michael T. Druckman
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Michael T. Druckman
Sr. Vice President, Treasurer
and Asst. Secretary
(Principal Financial and
Accounting Officer)
CAREER HORIZONS, INC. and SUBSIDIARIES
INDEX TO EXHIBITS
EXHIBIT NO. DESCRIPTION
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20.1 Press release announcing the results of operations for
the three and six months ended June 30, 1996 and 1995.