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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) OCTOBER 16, 1995
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MELAMINE CHEMICALS, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-16032 64-0475913
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(State or other jurisdiction (Commission File Number) (IRS Employer Identification
of incorporation) No.)
HIGHWAY 18 WEST
DONALDSONVILLE, LOUISIANA 70346
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICER) (ZIP CODE)
Registrant's telephone number, including area code (504) 473-3121
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ITEM 5. OTHER EVENTS
On October 16, 1995, Melamine Chemicals, Inc. issued the attached press
release.
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For: MELAMINE CHEMICALS, INC. Contact: RON COMO & ASSOCIATES, INC.
P.O. Box 748 74 Trinity Place
Donaldsonville, LA 70346 New York, NY 10006
Fred Huber, President & CEO Telephone: (212) 227-3010
Wayne D. DeLeo, Vice President & CFO
Telephone: (504) 473-3121 October 16, 1995
Immediate Release
MELAMINE CHEMICALS, INC. REPORTS FIRST QUARTER EARNINGS
DONALDSONVILLE, LOUISIANA, OCTOBER 16TH--Melamine Chemicals, Inc.
(NASDAQ-MTWO), today announced the results of its operations for the quarter
ended September 30, 1995.
Net earnings for the three months ended September 30, 1995 were $920,000
or $.17 per share as compared to net earnings of $476,000 or $.09 per share a
year ago.
Fred Huber, president and chief executive officer, stated, "The earnings
and sales increases are particularly gratifying as much of the improvement came
from record quarterly production of almost 28 million pounds which helped to
offset very high raw material costs.
"We were able to build some much needed inventory in advance of the major
annual turnaround scheduled for the second fiscal quarter which should help us
and our customers maintain a steady supply during the outage."
Melamine Chemicals, Inc. is engaged in the production and marketing of
melamine, a specialty chemical having numerous industrial and commercial
applications. The Company is also active in the development of new melamine
process and application technology. The Company is one of only two producers
of melamine in North America and one of the three largest producers worldwide.
COMPARATIVE OPERATING RESULTS
(Thousands of dollars except share and per share data)
Quarter Ended
September 30,
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1995 1994
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Net Sales $ 11,057 9,391
Net Earnings $ 920 476
Earnings Per Share $ .17 .09
Average Shares Outstanding 5,450,300 5,450,100
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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 thereunto duly authorized.
MELAMINE CHEMICALS, INC.
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Date: October 16, 1995 /s/ Wayne D. DeLeo
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Wayne D. DeLeo
Vice President & Chief Financial Officer