| Business Summary | | Owosso
Corporation
designs,
manufactures
and
distributes
engineered
component
products,
primarily
motors
and
heat
exchange
coils.
The
Company's
four
operating
segments
are
Motors,
Coils,
Agricultural
Equipment
and
Other.
The
Company's
Motors
segment
manufactures
fractional
and
integral
horsepower
motors
and
includes
Stature
Electric,
Inc.,
Motor
Products
-
Owosso
Corporation
and
Motor
Products
-
Ohio.
The
Company's
Coils
segment
manufactures
heat
exchange
coils
and
consists
of
Astro
Air
Coils,
Inc.
and
Astro
Air
UK,
Ltd.
During
1998,
Owosso
initiated
the
disposition
of
its
businesses
included
in
the
Agricultural
Equipment
segment
in
order
to
focus
its
resources
on
expanding
its
motor
and
coil
companies.
The
Company's
Other
segment
includes
Dura-Bond
Bearing
Company
and
M.H.
Rhodes,
Inc.
Dura-Bond
was
sold
in
November
2000. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | OWOS
is
a
diversified
manufacturer
of
motors,
heat
transfer
coils,
replacement
cam
shaft
bearings,
all-aluminum
horse
trailers
and
agricultural
equipment.
For
the
26
weeks
ended
4/29/01,
sales
fell
30%
to
$42.9
million.
Net
loss
from
continuing
operations,
before
accounting
change
and
applicable
to
Common
rose
from
$766
thousand
to
$2.9
million.
Revenues
reflect
the
sale
of
Dura-Bond
and
lower
sales
from
the
Coils
and
Cramer
segments.
Higher
loss
reflects
lower
gross
margins
and
a
$700
thousand
asset
writedown. Recent Earnings Announcement For
the
3
months
ended
07/29/2001,
revenues
were
21,636;
after
tax
earnings
were
-965. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Reese, 57 Chairman | -- | George Lemmon, Jr., 39 Pres,
CEO, Director | $212K | John Morrash, 46 CFO,
Exec. VP-Fin., Treasurer, Sec. | 190K | Harry Holiday III, 44 COO,
Exec. VP | 211K | Steve Shubert, 38 CIO | 119K | Dollar
amounts are as of 29-Oct-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|