SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
------------------------------------------------------------------------
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (D) OF THE
THE SECURITIES ACT OF 1934
------------------------------------------------------------------------
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): October 21, 2003
------------------------------------------------------------------------
BUCKEYE TECHNOLOGIES INC.
(Exact name of registrant as specified in its charter)
DELAWARE 33-60032 62-1518973
(State of Incorporation) (Commission File Number) (I.R.S. Employer
Identification No.)
1001 Tillman Street, Memphis, Tennessee 38112
(Address of principal executive offices)
Registrant's telephone, including area code (901) 320-8100
The undersigned registrant hereby amends the following items, financial
statements, exhibits or other portions of its Current Report on Form 8-K dated
October 21, 2003:
ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
The following schedule should replace the corresponding Supplemental Financial
Data schedule included in the press release dated, October 20, 2003. The change
is limited to a restatement of the total assets for the specialty fibers and
corporate segments.
SUPPLEMENTAL FINANCIAL DATA
(in $ millions)
Comparative Segment Results Analysis
Results Variances
------- ---------
Jul-Sep 03 vs Jul-Sep 03 vs
Jul-Sep 03 Apr-Jun 03 Jul-Sep 02
---------- ---------- ----------
Specialty Fibers Net sales 107.3 (11.6) (5.0)
Operating income 10.3 2.2 (1.3)
Depreciation and amortization* 6.7 (0.1) (0.8)
Capital expenditures 9.1 1.3 5.5
Total assets (at end of period) 503.4 (12.7) (0.9)
Nonwovens materials Net sales 53.2 0.4 5.8
Operating income 2.5 0.8 2.0
Depreciation and amortization* 4.3 (0.1) 0.5
Capital expenditures 0.6 (0.7) (0.1)
Total assets (at end of period) 359.5 (1.1) 16.2
Corporate Net sales (4.7) (1.0) (1.4)
Operating income** (1.4) 7.0 (0.7)
Depreciation and amortization* 0.8 0.3 (0.2)
Capital expenditures - (0.1) (0.3)
Total assets (at end of period) 217.5 (16.5) (31.9)
Total Net sales 155.8 (12.2) (0.6)
Operating income** 11.3 9.9 (0.1)
Depreciation and amortization* 11.8 0.1 (0.5)
Capital expenditures 9.7 0.5 5.1
Total assets (at end of period) 1,080.4 (30.3) (16.6)
* Depreciation and amortization includes depreciation, depletion and
amortization of intangibles. Only the Corporate grouping has
amortization of intangibles that is excluded from the determination of
operating income.
** Asset impairment and restructuring costs are included in operating
income for the corporate segment.
SIGNATURE
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, thereunto duly authorized,
BUCKEYE TECHNOLOGIES INC.
/S/ KRISTOPHER J. MATULA
----------------------------------------------------
Kristopher J. Matula
Executive Vice President, Chief Financial Officer
October 21, 2003