| Business Summary | | Lufkin
Industries,
Inc.
designs,
manufactures,
sells
and
services
various
types
of
oil
field
pumping
units,
power
transmission
products,
foundry
castings
and
highway
trailers.
Lufkin
manufactures
four
basic
types
of
pumping
units.
They
consist
of
an
air-balanced
unit,
a
beam-balanced
unit,
a
crank-
balanced
unit
and
a
Mark
II
Unitorque
unit.
The
Company's
power
transmission
products
(speed
increasers
and
reducers)
are
designed,
manufactured
and
sold
primarily
for
use
in
industrial
applications,
such
as
petrochemical,
refining,
rubber,
plastics
and
steel
and
for
use
in
marine
propulsion
applications.
The
Company
produces
numerous
sizes
and
combinations
of
gears.
The
Company's
foundry
castings
are
primarily
customer-designed
components
manufactured
by
Lufkin
for
use
in
customer
products.
Lufkin
also
produces
various
sizes
and
styles
of
highway
trailers,
including
vans,
platforms
and
dumps. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Lufkin
Industries,
Inc.
designs,
manufactures,
sells
and
services
various
oilfield
pumping
units,
power
transmission
products,
foundry
castings
and
highway
trailers.
For
the
six
months
ended
6/30/01,
net
sales
increased
10%
to
$136.6
million.
Net
income
totalled
$8.4
million,
up
from
$2.3
million.
Revenues
reflect
a
substantial
increase
in
oil
field
activity.
Earnings
reflect
increased
operational
and
manufacturing
efficiencies
and
an
improved
product
mix. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Douglas Smith, 58 Chairman,
Pres, CEO | $579K | R. Leslie, 55 CFO,
VP, Treasurer | -- | P. Perez, 55 VP,
Sec. | 191K | J. Glick, 48 VP | 210K | L. Hoes, 54 VP | 275K | Dollar
amounts are as of 31-Dec-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
|
|