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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) APRIL 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
of incorporation) Identification 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 April 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 April 15, 1996
Immediate Release
MELAMINE CHEMICALS, INC. REPORTS RECORD SALES
DONALDSONVILLE, LOUISIANA, April 15TH--Melamine Chemicals, Inc.'s (NASDAQ-MTWO)
sales for the quarter ended March 31, 1996 reached $14.8 million compared with
$12.2 million for the same period in 1995, an increase of 22%. Similarly, for
nine months of fiscal 1996, sales totaled $38.1 million, an increase of 15%
over the prior year.
Earnings for the quarter of $781 thousand and nine month period of
$2.7 million are equal to 14c./share and 49c./share, respectively. This
compares with prior year earnings of 29c./share and 55c./share which includes a
one time tax gain of 11c./share in the third quarter of fiscal 1995. The third
quarter of fiscal 1996 was adversely affected by very high raw material and
natural gas prices.
The world markets for melamine crystal remain strong, and production
at the Company's two plants continues at record levels. The Company is
encouraged by the prospects for the further expansion of its business in the
months and years ahead.
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 Nine Months Ended
March 31, March 31,
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1996 1995 1996 1995
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Net Sales $14,787 12,156 38,082 33,130
Net Earnings $ 781 1,593 2,684 3,034
Earnings Per Share $ .14 .29 .49 .55
Average Shares Outstanding 5,455,300 5,450,300 5,453,078 5,450,233
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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: April 15, 1996 /s/ FRED HUBER
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Fred Huber
President & Chief Executive Officer