SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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) May 10, 2004
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Armor Holdings, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-18863 59-3392443
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
1400 Marsh Landing Parkway, Jacksonville, Florida 32250
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (904) 741-5400
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N/A
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(Former name or former address, if changed since last report.)
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
The following Exhibit is hereby filed as part of this Current Report on
Form 8-K:
Exhibit 99.1 Press Release dated May 10, 2004 with respect to the
Registrant's financial results for the fiscal quarter
ended March 31, 2004 (furnished only).
Item 12. Results of Operations and Financial Condition.
On May 10, 2004, Armor Holdings, Inc. (the "Registrant") announced
financial results for the fiscal quarter ended March 31, 2004. A copy of the
press release announcing the Registrant's earnings results for the fiscal
quarter ended March 31, 2004 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.
The earnings press release contains financial measures that are not in
accordance with generally accepted accounting principles in the United States
("GAAP"). The Registrant has provided reconciliations within the earnings
release of the non-GAAP financial measures to the most directly comparable GAAP
financial measures. Net income from continuing operations before integration and
other non-recurring charges is presented in the earnings release because
management believes it to be useful to investors to focus on the Registrant's
continuing operations. Integration and other non-recurring charges are
significantly influenced by the Registrant's acquisition program, may vary
significantly from period to period and may not be indicative of the
Registrant's ongoing operating expenses excluding acquisition related expenses.
EBITDA, which represents the Registrant's results from operations before
interest, income taxes, and certain non-cash items, including depreciation and
amortization, is presented in the earnings release because the Registrant's
credit facility and the trust indenture under which the Registrant's 8 1/4%
senior subordinated notes in the aggregate principal amount of $150,000,000
maturing in 2013 are issued contain financial covenants which are based on the
Registrant's EBITDA. Additionally, management believes that EBITDA is a common
alternative measure of operating performance used by investors and financial
analysts to measure value, cash flow and performance. The non-GAAP financial
measures described above should be considered in addition to, but not as a
substitute for, measures of financial performance prepared in accordance with
GAAP that are presented in the earnings release.
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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: May 10, 2004
ARMOR HOLDINGS, INC.
By: /s/ Glenn J. Heiar
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Name: Glenn J. Heiar
Title: Chief Financial Officer
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Exhibit Index
Exhibit 99.1 Press Release dated May 10, 2004
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