| Omniquip International, Inc. | |||
| Ticker: | OMQP | 369 West Western Avenue | |
| Exchange: | NASDAQ-National Market | Port Washington, WI 53074 | |
| Industry: | Manufacturing (SIC Code 3531) | (414) 284-5571 | |
| Type of Shares: | Common Shares | Filing Date: | 10/1/96 | |
| U.S. Shares: | 6,400,000 | Offer Date: | 3/20/97 | |
| Non-U.S. Shares: | 1,600,000 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 3,000,000 | Offer Price: | $14.00 | |
| Secondary Shares: | 5,000,000 | Gross Spread: | $0.91 | |
| Offering Amount: | $120,000,000 | Selling: | $0.55 | |
| Expenses: | $1,750,000 | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Morgan Stanley & Co. Incorporated | Lead Manager | (212) 761-5900 |
| CS First Boston | Co-manager | (212) 325-2000 |
| Robert W. Baird & Company | Co-manager | (414) 765-3632 |
| Schroder Wertheim & Company, Incorporated | Co-manager | (212) 492-6900 |
| Issuer's Law Firm: | Dickstein, Shapiro & Morin |
| Bank's Law Firm: | Sidley & Austin |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/95 | 6/30/96 | 6/30/96 | |||
| Revenue: | $154.69 | $151.77 | Assets: | $49.14 | |
| Net Income: | $7.46 | $7.84 | Curr Assets: | ||
| EPS: | Liabilities: | $38.87 | |||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | $10.27 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is the largest North American manufacturer of telescopic material handlers, and also manufactures a growing line of skid steer loaders, as well as a limited range of other material handling equipment. The company's highly versatile products are used in a wide variety of applications by commercial and residential building contractors, as well as other construction, military, industrial, municipal and agricultural end-users. The company's telescopic material handlers are marketed under the well recognized and highly regarded SKY TRAK and LULL brand names. Based upon industry reports, the company believes that its North American market share of 1995 shipments of telescopic material handlers was approximately 40%. Telescopic material handlers are especially useful in rough terrain environments and congested job sites, where their maneuverability and ability to raise, extend and lower payloads provide significant advantages over more traditional material handling equipment, such as cranes, straight-mast forklifts and elevators. |
| Competition |
| The markets for the company's products are highly competitive. The principal competitive factors include distribution, price, design features, performance, product reliability and the availability of financing. In the market for telescopic material handlers, the company is the largest North American manufacturer, with an estimated share of 1996 shipments of telescopic material handlers of approximately 40%, and its principal competitors include Gradall Industries, Inc. and JCB International Co., Ltd. |
| Business Plan |
| The company's strategy is to grow primarily within selected segments of the material handling and construction equipment markets 1) providing superior products; 2) pursuing a multiple bran distribution strategy; 3) acquiring complementary businesses; 4) achieving cost savings from the integration of acquired operations; 5) leveraging its position as a leading North American manufacturer to expand its penetration of global markets. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay substantially all outstanding indebtedness and for general corporate purposes. |