| Business Summary | | Packaged
Ice,
Inc.
is
a
manufacturer
and
distributor
of
packaged
ice
in
the
United
States
and
serves
over
76,000
customer
locations
in
30
states
and
the
District
of
Columbia.
The
Company
predominantly
operates
in
two
business
segments,
ice
products
and
non-ice
operations.
Ice
products
consist
of
the
manufacture
and
delivery
of
traditional
ice
from
a
central
point
of
production
to
the
point
of
sale,
and
the
installation
of
Ice
Factories,
its
proprietary
machines
that
produce,
package,
store
and
merchandise
ice
through
an
automated,
self-contained
system.
The
Company's
non-ice
business
segment
consists
of
refrigerated
warehousing,
the
manufacturer
and
sale
of
bottled
water
and
the
leasing
of
ice
production
equipment.
The
Company
owns
or
operates
61
ice
manufacturing
plants,
one
bottled
water
manufacturing
facility,
48
distribution
centers
and
eight
refrigerated
warehouses,
and
has
a
combined,
rated
ice-manufacturing
capacity
of
approximately
14,800
tons
of
ice
per
day. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ICY
is
a
manufacturer
and
distributor
of
packaged
ice
serving
27
states.
The
Co.'s
non-ice
segment
consists
of
refrigerated
warehousing,
bottled
water
and
manufacture
and
leasing
of
ice
equipment.
For
the
six
months
ended
6/30/01,
revenues
fell
2%
to
$110.0
million.
Net
loss
applicable
to
Common
rose
69%
to
$14.5
million.
Revenues
reflect
a
drop
in
the
ice
segment
due
to
colder
and
wetter
weather
in
most
markets.
Net
losses
reflect
higher
health
benefits
and
increased
fuel
prices. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| William Brick, 50 Chairman,
CEO | -- | Jimmy Weaver, 46 Pres,
COO | $269K | Steven Rosenberg, 41 Vice
Chairman | -- | Steven Janusek, 28 CFO,
Exec. VP | -- | Graham Davis, 45 Exec.
VP, Operations | 215K | Dollar amounts are as of 31-Dec-1999 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
|
|