Item 12. Results of Operations and Financial Condition.
On June 1, 2004, Armor Holdings, Inc. (the "Registrant") announced that
it was revising its earnings per share guidance for the Registrant's second
fiscal quarter ending June 30, 2004, which was previously disclosed in a May 10,
2004, press release, a copy of which was furnished to the Securities and
Exchange Commission on Form 8-K on May 10, 2004. A copy of the June 1, 2004
press release is attached hereto as Exhibit 99.1 and incorporated herein by
reference.
The information in this Form 8-K and the Exhibit attached hereto shall
not be deemed "filed" for purposes of Section 18 of the Securities Act of 1934,
nor shall it be deemed incorporated by reference in any filing under the
Securities Act of 1933, except as shall be expressly set forth by specific
reference in such filing.
2
Exhibit 99.1
ARMOR HOLDINGS,INC. FOR IMMEDIATE RELEASE
COMPANY CONTACT: MEDIA CONTACT: INVESTOR RELATIONS CONTACT:
---------------- -------------- ---------------------------
Robert R. Schiller Michael Fox James R. Palczynski
President & Chief Operating Officer President, Corporate Communications Principal
Armor Holdings, Inc. Integrated Corporate Relations, Inc. Integrated Corporate Relations, Inc.
904.741.5400 203.222.9145 203.222.9013
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ARMOR HOLDINGS, INC. INCREASES SECOND QUARTER 2004 GUIDANCE
FULL YEAR 2004 GUIDANCE UNCHANGED
JACKSONVILLE, FL - JUNE 1, 2004 - ARMOR HOLDINGS, INC. (NYSE: AH) announced
today that it is revising its EPS guidance for the second quarter ending June
30, 2004, from $0.60 - $0.65 per share to $0.70 - $0.75 per share. This revision
is primarily due to accelerated M1114 Up-Armored HMMWV production beyond
contractual requirements at the request of the U.S. Army. Management expects
that other areas of the business should meet or exceed the Company's previously
announced second quarter guidance.
At this time, there is no change in 2004 U.S. Government funding for M1114
Up-Armored HMMWVs. Therefore, this revision to second quarter guidance does not
change the Company's previously provided full year 2004 EPS guidance of $1.95 -
$2.05 per share.
ABOUT ARMOR HOLDINGS
Armor Holdings, Inc. (NYSE: AH) is a diversified manufacturer of branded
products for the military, law enforcement and personnel safety markets.
Additional information about the Company can be found at www.armorholdings.com.
Certain matters discussed in this press release constitute forward-looking
statements that involve risks and uncertainties that could cause actual results
to differ materially from those projected. The Company may use words such as
"anticipates," "believes," "plans," "expects," "intends," "future," and similar
expressions to identify forward-looking statements. These risks and
uncertainties are described in the Company's filings with the Securities and
Exchange Commission, including the company's Registration Statement on Form S-3,
its 2003 Form 10-K, Form 10-K/A, and most recently filed Form 10-Q.
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1400 MARSH LANDING PARKWAY, SUITE 112 JACKSONVILLE, FL 32250
TEL: 904.741.5400 FAX: 904-741-5403