| Business Summary | | Federal
Screw
Works
is
a
domestic
manufacturer
of
industrial
component
parts,
consisting
of
locknuts,
bolts,
piston
pins,
studs,
bushings,
shafts
and
other
machined,
cold
formed,
hardened
and/or
ground
metal
parts,
all
of
which
constitute
a
single
industry
segment.
The
Company's
products
are
manufactured
at
several
plants
and
are
fabricated
from
metal
rod
and
bar,
which
are
generally
available
at
competitive
prices
from
multiple
sources. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Federal
Screw
Works
is
a
manufacturer
of
industrial
component
parts
such
as
locknuts,
bolts,
piston
pins,
studs,
bushings,
shafts
and
other
machined,
cold
formed,
hardened
and/or
ground
metal
parts.
For
the
nine
months
ended
3/31/01,
net
sales
fell
11%
to
$79.1
million.
Net
income
fell
62%
to
$2.4
million.
Revenues
are
attributable
to
a
decline
in
North
American
automotive
production.
Earnings
also
reflect
continual
price
pressure
from
the
Company's
customers. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
26,836;
after
tax
earnings
were
2,281. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| W. ZurSchmiede, Jr., 74 Chairman,
CEO, Chief Financial Officer, Sec. and Treasurer | $731K | Thomas ZurSchmiede, 49 Pres
and COO | 710K | Jeffrey Harness, 44 VP
and Gen. Mang. - Chelsea Division and Brighton Division | 636K | Robert ZurSchmiede, 47 VP--Traverse
City Division | 646K | John O'Brien, 50 VP-Sales
and Marketing | 647K | Dollar amounts are as of 30-June-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
|
|