8-K 1 b400511_8k.txt CURRENT REPORT 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: AUGUST 18, 2004 KEY COMPONENTS, LLC (Exact name of Registrant as Specified in its Charter) DELAWARE 333-58675 04-3425424 --------------------------- ------------------------ ------------------- (State or Other Jurisdiction (Commission File Number) (IRS Employer of Incorporation) Identification No.) 200 WHITE PLAINS ROAD TARRYTOWN, NY 10591 --------------------------------------------------------- (Address of Principal Executive Offices) Registrant's telephone number, including area code: (914) 332-8088 KEY COMPONENTS FINANCE CORP. (Exact name of Registrant as Specified in its Charter) DELAWARE 333-58675-01 14-1805946 --------------------------- ------------------------ ------------------- (State or Other Jurisdiction (Commission File Number) (IRS Employer of Incorporation) Identification No.) 200 WHITE PLAINS ROAD TARRYTOWN, NY 10591 --------------------------------------------------------- (Address of Principal Executive Offices) Registrant's telephone number, including area code: (914) 332-8088 ------------------------------------------------------------------ ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION. On August 18, 2004, Key Components, LLC and Key Components Finance Corp. issued a press release announcing the financial results of Key Components LLC for the six and three months ended June 30, 2004. A copy of the press release is being furnished as Exhibit 99.1 to this report and incorporated herein by reference. 2 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. Dated: August 18, 2004 KEY COMPONENTS, LLC BY: /s/ Robert B. Kay --------------------------------- Name: Robert B. Kay Title: President 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. Dated: August 18, 2004 KEY COMPONENTS FINANCE CORP. BY: /s/ Robert B. Kay --------------------------------- Name: Robert B. Kay Title: President 3

Delaware 333-58675 04-3425424 -------- --------- ---------- (State or Other Jurisdiction of (Commission File Number) (IRS Employer Identification No.) Incorporation)

Delaware 333-58675-01 14-1805946 -------- ------------ ---------- (State or Other Jurisdiction of (Commission File Number) (IRS Employer Identification No.) Incorporation)

Three Months ended September 30, Nine Months ended September 30, --------------------------------------------- -------------------------------------------------- ($ in thousands) 2003 2002 Change 2003 2002 Change ---------------- ------- ------- ------------------- -------- -------- ---------------------- Net Sales $49,312 $47,981 $ 1,331 2.8% $147,396 $144,378 $ 3,018 2.1% Gross Profit $17,512 $18,447 (935) -5.1% $ 53,569 $ 54,103 (534) -1.0% Operating Income 6,466 8,322 (1,856) -22.3% 21,998 24,467 (2,469) -10.1% EBITDA 7,625 9,559 (1,934) -20.2% 25,535 28,225 (2,690) -9.5% Net Income (Loss) $ 2,062 $ 2,951 $ (889) -30.1% $ 7,340 $ (114) $ 7,454 6538.6%

($ in thousands) September 30, 2003 December 31, 2002 ---------------- ------------------ ------------------ Total Assets $197,786 $192,714 Net Debt 133,138 141,408 Member's Equity 32,284 25,044 Total Liabilities and Equity $197,786 $192,714

Three Months ended September 30, Nine Months ended September 30, ---------------------------------------- ----------------------------------------- ($ in thousands) 2003 2002 Change 2003 2002 Change ---------------- ------- ------- ------------------ -------- -------- ----------------- Net Sales $49,312 $47,981 $ 1,331 2.8% $147,396 $144,378 3,018 2.1% Cost of Goods Sold 31,800 29,534 2,266 7.7% 93,827 90,275 3,552 3.9% ------- ------- ------------------- -------- -------- ----------------- Gross Profit 17,512 18,447 (935) -5.1% 53,569 54,103 (534) -1.0% SG&A Expense 10,481 9,672 809 8.4% 30,562 28,833 1,729 6.0% Other 565 453 112 24.7% 1,009 803 206 25.7% ------- ------- ------------------- -------- -------- ----------------- Operating Income $ 6,466 8,322 $(1,856) -22.3% $21,998 $24,467 (2,469) -10.1% ======= ======= =================== ======== ======== ================= EBITDA $ 7,625 9,559 $(1,934) -20.2% $25,535 $28,225 (2,690) -9.5% Depreciation & Amortization Expense 1,159 1,237 (78) -6.3% 3,537 3,758 (221) -5.9% Interest Expense 3,071 3,311 (240) -7.2% 9,349 10,083 (734) -7.3% ------- ------- ------------------- -------- -------- ----------------- Income before Income Taxes $ 3,395 5,011 $(1,616) -32.2% $12,649 $14,384 (1,735) -12.1% Provision for Income Taxes 1,333 2,060 (727) -35.3% 5,309 6,341 (1,032) -16.3% ------- ------- ------------------- -------- -------- ----------------- Income before Cumulative Adj for Change in Accounting Principle 2,062 2,951 (889) -30.1% 7,340 8,043 (703) -8.7% Cumulative Adjustment for Change in Accounting Principle $ - $ - $ - 0.0% $ - $ (8,157) 8,157 100.0% ------- ------- ------------------- -------- -------- ----------------- Net Income (Loss) $ 2,062 2,951 $(889) -30.1% $ 7,340 $ (114) 7,454 6538.6% ======= ======= =================== ======== ======== =================

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