| JLM Industries, Inc. | |||
| Ticker: | JLMI | 8675 Hidden River Parkway | |
| Exchange: | NASDAQ-National Market | Tampa, FL 33637 | |
| Industry: | Wholesale (SIC Code 5169) | (813) 632-3300 | |
| Type of Shares: | Common Shares | Filing Date: | 5/27/97 | |
| U.S. Shares: | 2,300,000 | Offer Date: | 7/23/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 2,156,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 144,000 | Gross Spread: | $0.70 | |
| Offering Amount: | $25,300,000 | Selling: | $0.35 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Oppenheimer & Company, Inc. | Lead Manager | (212) 667-7400 |
| A.G. Edwards & Sons, Inc. | Co-manager | (314) 955-3039 |
| Issuer's Law Firm: | Trenam, Kemker, Scharf, Barkin, Frye, O'Neill |
| Bank's Law Firm: | Rogers & Wells |
| Auditor: | Deloitte & Touche |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 3/31/97 | 3/31/96 | 3/31/97 | ||
| Revenue: | $236.52 | $80.52 | $57.86 | Assets: | $108.75 |
| Net Income: | $3.93 | $1.48 | $0.24 | Curr Assets: | |
| EPS: | Liabilities: | $94.01 | |||
| Prior EPS: | -$5.89 | -$3.56 | Curr Liabilities: | ||
| Cash Flow/Oper: | $0.03 | Equity: | $14.73 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading marketer and distributor of certain commodity chemicals, principally acetone and phenol. The company believes that it is the second largest marketer of acetone and the fourth largest marketer of phenol in North America. The company is also a global distributor of olefins, principally propylene, as well as a variety of other commodity and specialty chemicals. In order to provide stable and reliable sources of supply for its products, the company 1) maintains long-established supplier relationships with several major chemicals companies, 2) manufactures phenol and acetone at its Blue Island Plant and 3) sources acetone from its joint venture manufacturing operation. The company's principal products are used in the production of adhesives, coatings, forest product resins, paints, pharmaceuticals, plastics, solvents and synthetic rubbers. The company sells its products worldwide to over 600 customers. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay long-term debt, to fund working capital and for general corporate purposes. |