| Business Summary | | Baldor
Electric
Company
operates
in
one
industry
segment,
which
includes
the
design,
manufacture
and
sale
of
electric
motors
and
drives
and
related
products.
Baldor
has
made
several
small
acquisitions,
but
the
majority
of
its
growth
has
come
internally
through
broadening
its
markets
and
product
lines.
Baldor's
motors
and
drives
are
designed,
manufactured
and
marketed
for
general-purpose
uses
and
to
individual
customer
requirements
and
specifications.
The
products
of
the
Company
are
marketed
throughout
the
United
States
and
in
more
than
60
foreign
countries,
principally
in
Canada,
Mexico,
Europe,
Australia,
the
Far
East
and
Latin
America.
The
Company's
field
sales
organization,
comprised
of
independent
manufacturer's
representatives
and
Company
sales
personnel,
consists
of
more
than
51
groups,
including
40
in
North
America.
The
remainder
of
the
Company's
representatives
are
located
in
other
parts
of
the
world. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Baldor
Electric
Company
designs,
manufactures
and
sells
electric
motors
and
drives,
speed
reducers,
industrial
grinders,
buffers,
polishing
lathes,
stampings,
castings
and
repair
parts.
For
the
six
months
ended
6/30/01,
revenues
decreased
8%
to
$297
million.
Net
income
decreased
45%
to
$13.6
million.
Revenues
reflect
a
decrease
in
orders.
Lower
income
also
reflects
lower
gross
margins
and
higher
SG&A
expenses
as
a
percentage
of
sales. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| R. Boreham, Jr., 77 Chairman,
Director | $594K | $172K | John McFarland, 49 Pres,
CEO, Director | 524K | 203K | R. Qualls, 67 Vice
Chairman, Director | 255K | -- | Ronald Tucker, 43 CFO,
Treasurer | -- | -- | Lloyd Davis, 53 Exec.
VP, COO, Sec. | 425K | 224K | Dollar
amounts are as of 30-Dec-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
|
|