| Ticker: HLX | 13085 Industrial Seaway Road | |
| Exchange: American Stock Exchange | Gulfport, Mississippi 39503 | |
| Industry: Manufacturing | (601) 896-0029 |
| Type of Shares: | Common Shares | Filing Date: | 6/27/96 | |
| U.S. Shares: | 3,000,000 | Offer Date: | 9/25/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 0 | Offer Price: | $11.00 | |
| Secondary Shares: | 3,000,000 | Gross Spread: | $0.77 | |
| Offering Amount: | $39,000,000 | Selling: | $0.45 | |
| Expenses: | $1,070,000 | Reallowance: | $0.10 | |
| Shares Out After: | 18,000,000 | |||
| Spin out parent firm: | Trinity Industries, Inc. | |||
| Manager | Tier | Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 504-4525 |
| Howard, Weil, Labouisse, Friedrichs | Co-manager | (504) 582-2500 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/96 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $254.29 | $85.98 | $72.01 | Assets: | $157.78 |
| Net Income: | $12.47 | $3.34 | $3.67 | Liabilities: | $87.70 |
| EPS: | $0.70 | $0.19 | Equity: | $70.08 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is the seventh largest shipbuilder, and the largest builder of small to medium sized ocean-going ships and barges and inland tow boats, in the United States. The company which has built more than 2.000 vessels in the past 40 years, specializes in the construction, repair and conversion of a wide variety of vessels for the governmental and commercial markets. The company's principal products during the past five years have included oceanographic survey and research ships, high speed patrol boats and ferries for government use and offshore double hull tank barges, offshore tug boats and oil spill recovery vessels for commercial use. The company has ten shipyards which are strategically located along the Gulf Coast from Louisiana to Florida. The company's multiple shipyards employ advanced manufacturing techniques, including modular construction and zone outfitting methods, and provide the company significant flexibility and efficiency in manufacturing a wide variety of vessels. |
| Use of Proceeds |
| Proceeds from the proposed offering will be distributed to selling shareholder. |
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