1. Segment Results (dollars in millions):
| (unaudited) | |||||
|---|---|---|---|---|---|
| 1996 | 1995 | ||||
| First Quarter | Fourth Quarter | Third Quarter | Second Quarter | First Quarter | |
| Net Sales: | |||||
| $ 1,216.4 | $ 1,095.4 | $ 1,130.4 | $ 1,210.6 | $ 1,225.4 |
| 32.8 | 32.2 | 28.6 | 23.8 | 29.4 |
| (12.3) | (9.1) | (7.1) | (9.7) | (4.6) |
| $ 1,236.9 | $ 1,118.5 | $ 1,151.9 | $ 1,224.7 | $ 1,250.2 |
| Operating Income (Loss): | |||||
| $ 52.5 | $ 21.4 | $ 66.5 | $ 67.5 | $ 97.6 |
| (7.8) | (8.8) | (15.2) | (11.4) | (10.3) |
| $ 44.7 | $ 12.6 | $ 51.3 | $ 56.1 | $ 87.3 |
| Shipments | |||||
| 2,315 | 2,103 | 2,143 | 2,291 | 2,263 |
| Raw Steel Production | |||||
| 2,417 | 2,259 | 2,533 | 2,565 | 2,729 |
2. The Consolidated Financial Statements as of and for the three month and six month periods ended June 30, 1996 and 1995 have not been audited. However, the information reflects all adjustments which, in the opinion of management, are necessary to present fairly the results shown for the periods indicated. Management believes all adjustments were of a normal recurring nature.
3. These Consolidated Financial Statements should be read together with the 1995 audited financial statements set forth in Bethlehem's Annual Report on Form 10-K filed with the Securities and Exchange Commission.
