-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EXV7tgBWd5YABgftzqPp3U4zELRbrszAKyQeivXiwWBhJqAvOMX2EVCRIGVOqnM5 Id2q44tfI14b0RRHa/tRpA== 0000950129-04-004722.txt : 20040709 0000950129-04-004722.hdr.sgml : 20040709 20040709131655 ACCESSION NUMBER: 0000950129-04-004722 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040708 ITEM INFORMATION: ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040709 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SMITH INTERNATIONAL INC CENTRAL INDEX KEY: 0000721083 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS CHEMICAL PRODUCTS [2890] IRS NUMBER: 953822631 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08514 FILM NUMBER: 04907592 BUSINESS ADDRESS: STREET 1: 16740 HARDY ST STREET 2: P O BOX 60068 CITY: HOUSTON STATE: TX ZIP: 77032 BUSINESS PHONE: 2814433370 MAIL ADDRESS: STREET 1: 16740 HARDY ST STREET 2: P O BOX 60068 CITY: HOUSTON STATE: TX ZIP: 77205 8-K 1 h16714e8vk.txt SMITH INTERNATIONAL, INC. - JULY 8, 2004 SMITH INTERNATIONAL, INC. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 JULY 8, 2004 DATE OF REPORT (Date of earliest event reported) SMITH INTERNATIONAL, INC. (Exact name of Registrant as specified in its charter) DELAWARE 1-8514 95-3822631 (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) File Number) Identification No.) 411 N. SAM HOUSTON PARKWAY, SUITE 600 HOUSTON, TEXAS (Address of principal executive offices) 77060 (Zip Code) (281) 443-3370 (Registrant's telephone number, including area code) ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibit 99.1 Press Release dated July 8, 2004 with respect to the Registrant's earnings release and conference call information and comments on second quarter litigation charges. ITEM 12. DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION A copy of the press release dated July 8, 2004, announcing the Registrant's earnings release and conference call information and comments on second quarter litigation charges is furnished as Exhibit 99.1 to this report on Form 8-K, and is incorporated herein by reference. The information in this report is being furnished, not filed, pursuant to Item 12 of Form 8-K. Accordingly, the information in Item 12 of this report and Exhibit 99.1 will not be incorporated by reference into any registration statement filed by the Registrant under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference. SIGNATURES 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 hereunto duly authorized. SMITH INTERNATIONAL, INC. Date: July 8, 2004 /s/ NEAL S. SUTTON --------------------------------------- By: Neal S. Sutton Senior Vice President - Administration, General Counsel and Secretary EXHIBIT INDEX EXHIBIT NO. DESCRIPTION - ----------- ----------- 99.1 Press Release by the Registrant dated July 8, 2004. EX-99.1 2 h16714exv99w1.txt PRESS RELEASE DATED JULY 8, 2004 EXHIBIT 99.1 PRESS RELEASE - -------------------------------------------------------------------------------- SMITH INTERNATIONAL, INC. P.O. BOX 60068 HOUSTON, TX 77205-0068 WEBSITE ADDRESS: smith.com FOR RELEASE THURSDAY, JULY 8, 2004 CONTACT: MARGARET K. DORMAN CHIEF FINANCIAL OFFICER (281) 443-3370 SMITH INTERNATIONAL, INC. ANNOUNCES EARNINGS RELEASE AND CONFERENCE CALL INFORMATION AND COMMENTS ON SECOND QUARTER LITIGATION CHARGES HOUSTON, Texas (July 8, 2004)... Smith International, Inc. (NYSE: SII) announced that it plans to release financial results for the period ended June 30, 2004 on Thursday, July 22, 2004, after the closing of the New York Stock Exchange. The earnings release will be followed by a conference call at 3:30 p.m. Central Time, which is open to the public. The conference call will include a discussion of the quarterly results and a brief question and answer session. Participants may join the conference call by dialing (706) 634-6555 and requesting the Smith International, Inc. call hosted by Doug Rock, Chairman and Chief Executive Officer. A replay of the conference call will also be available through Thursday, July 29, 2004 by dialing (706) 645-9291 and entering conference call identification number "8570336". A live broadcast of the conference call will be available on the Internet with an archived version accessible after the call. Further information on the broadcast can be found on Smith's website at http://www.smith.com/conferencecall. The Company has previously disclosed the outcome of a three-cone drill bit patent infringement case in which the jury found in favor of the plaintiff and awarded damages. Although the Company plans to pursue all options available in response to this verdict, including possible settlement, it expects to record provisions for losses and other litigation-related costs during the second quarter of 2004. The inclusion of these charges is expected to reduce second quarter earnings per share by approximately 20 cents. However, as disclosed in the Company's press release on June 25, 2004, a judgment has not been entered in the drill bit patent infringement case as of this date and could ultimately exceed the amount of the jury verdict accrued by the Company. Smith International, Inc. is a leading worldwide supplier of premium products and services to the oil and gas exploration and production industry, the petrochemical industry and other industrial markets through its four principal business units - M-I SWACO, Smith Technologies, Smith Services and Wilson. Certain comments contained in this news release concerning the anticipated financial results of the Company constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are subject to the safe harbor created by that Act. Whenever possible, the Company has identified these "forward-looking" statements by words such as "plans", "expects", "could" and similar phrases. The forward-looking statements are based upon managements' expectations and beliefs and, although these statements are based upon reasonable assumptions, there can be no assurances that the Company's financial results will be as estimated. The Company assumes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise. For a discussion of factors which could impact the Company's results, review the Smith International, Inc. Annual Report on Form 10-K for the year ended December 31, 2003 as filed with the Securities and Exchange Commission. -----END PRIVACY-ENHANCED MESSAGE-----