Summary of QUIXOTE CORP - Yahoo! Finance

Entry into a Material Definitive Agreement, Results of Operations and Financial Cond

Item 2.02. Results of Operations and Financial Condition.

On October 29, 2009, we issued a press release announcing our financial results for our first quarter ended September 30, 2009. The full text of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.

In a conference call discussing the press release, management disclosed certain information which may be considered important to certain shareholders.

For the first quarter of fiscal 2010, the Protect and Direct segment recorded operating profit of $3.1 million excluding severance costs of $296,000 and the Inform segment recorded operating profit of $521,000. However, these results are subject to adjustment prior to release of our September 30, 2009 Form 10-Q.

In connection with the wind-down of our Protect & Direct facility in China, we recorded approximately $600,000 including $300,000 in selling and administrative expenses and $300,000 in cost of sales during the first quarter. We currently expect the remaining costs in connection with the wind-down to be minimal. The loss recorded by our China facility during fiscal 2009 was $1.1 million.

A conference call discussing the press release was recorded and is available for replay through Thursday, November 5, 2009. To access the replay, please call
(888) 286-8010 and enter passcode 10705016. The recorded web cast will also be available at "www.quixotecorp.com".

This Current Report contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include statements regarding our expectations, beliefs, intentions, plans, projections, objectives, goals, strategies, future events or performance and underlying assumptions and other statements which are not historical facts. Actual results may differ materially from those expressed or implied by the forward-looking statements contained in this release. Forward-looking statements are subject to numerous risks, uncertainties and assumptions about us and our business. Important factors that could cause actual results to differ materially from those in the forward looking statements include the risks and uncertainties discussed in our Form 10-K Annual Report for the fiscal year ended June 30, 2009, under the caption "Forward-Looking Statements" in Management's Discussion and Analysis of Financial Condition and Results of Operations and the caption "Risk Factors" at Item 1A in Part II, which discussion is incorporated herein by this reference. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We do not undertake to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

The information in this Current Report is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.