| Business Summary | | Speizman
Industries,
Inc.
is
a
distributor
operating
through
six
companies:
Speizman
Industries,
Inc.
(Speizman),
Wink
Davis
Equipment
Co.,
Inc.
(Wink
Davis),
Todd
Motion
Controls,
Inc.
(TMC),
Speizman
Yarn
Equipment,
Inc.
(Speizman
Yarn),
Speizman
Canada,
Inc.
(Speizman
Canada)
and
Speizman
de
Mexico
S.A.
de
C.V.
(Speizman
Mexico).
Speizman
Industries,
Speizman
Canada
and
Speizman
Mexico
(collectively,
Speizman
Industries)
distributes
sock
knitting
machines,
other
knitting
equipment
and
related
parts.
Wink
Davis
sells
commercial
and
industrial
laundry
equipment,
including
the
distribution
of
machines
and
parts
as
well
as
installation
and
after
sales
service.
TMC
manufactures
automated
boarding,
finishing
and
packaging
equipment
used
in
the
sock-knitting
industry.
TMC's
products
are
sold
through
Speizman's
distribution
network.
Speizman
Yarn
distributes
equipment
and
related
parts
used
in
the
yarn-processing
industry. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SPZN
distributes
new
sock
and
sheer
hosiery
knitting
machines
in
the
U.S.,
Canada
and
Mexico.
SPZN
also
sells
dyeing
and
finishing
equipment
for
the
textile
industry.
For
the
39
weeks
ended
3/31/01,
revenues
decreased
29%
to
$59.9
million.
Net
loss
totaled
$5.9
million
vs.
an
income
of
$969
thousand.
Revenues
reflect
reduced
sales
of
knitted
fabric
equipment.
Net
loss
also
reflects
lower
gross
margins
and
a
$3.9
million
loss
on
the
settlement
of
uncommitted
derivative
contracts. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
22,362;
after
tax
earnings
were
42. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Robert Speizman, 60 Chairman,
Pres | $440K | $9.4K | John Angelella, 38 CFO,
VP-Fin., Sec., Treasurer | -- | -- | P. Donald Mullen II, 36 Pres,
Wink Davis Equipment Company, Inc. | -- | -- | Bryan Speizman, 34 Sr.
VP, Non-Hosiery | 169K | -- | Mark Speizman, 29 Sr.
VP, Hosiery | 163K | -- | Dollar amounts are as of 1-July-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|