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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) JANUARY 15, 1996
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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 January 15, 1996, 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 January 15, 1996
Immediate Release
MELAMINE CHEMICALS,INC.REPORTS SIX MONTHS RESULTS
DONALDSONVILLE, LOUISIANA, JANUARY 15TH--Melamine Chemicals, Inc. (NASDAQMTWO),
today announced the unaudited results of its operations for the quarter and six
months ended December 31, 1995.
Net earnings for the six months ended December 31, 1995 were $1.9
million or $.35 per share as compared to net earnings of $1.4 million or $.26
per share a year ago. Net earnings for the three months ended December 31, 1995
were $983,000 or $.18 per share as compared to net earnings of $965,000 or $.17
per share a year ago for the same period in fiscal 1995.
Fred Huber, president and chief executive officer, stated "We are
pleased to be able to continue to report improved earnings, despite having
production restricted by a major maintenance shutdown taken in November by our
raw material supplier. Raw material and energy costs are expected to increase
in the third fiscal quarter and the impact of uncertainty about economic growth
is showing in some US markets. Worldwide demand for melamine remains strong and
our expansion plans are moving forward. While there may be a period of
flattening growth, the longer term market outlook is still very good."
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 Six Months Ended
December 31, December 31,
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1995 1994 1995 1994
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Net Sales $ 12,237 11,584 23,294 20,075
Net Earnings $ 983 965 1,904 1,441
Earnings Per Share $ .18 .17 .35 .26
Average Shares Outstanding 5,453,633 5,450,300 5,451,967 5,450,200
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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: January 15, 1996 /s/ Wayne D. DeLeo
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Wayne D. DeLeo
Vice President & Chief Financial Officer