| Business Summary | | Mac-Gray
Corporation
owns,
manages
or
leases
card-
and
coin-operated
washers
and
dryers
for
multiple
housing
laundry
rooms
located
in
the
Northeastern,
Southeastern
and
Midwestern
United
States.
The
Company
generates
the
majority
of
its
revenue
from
these
card-
and
coin-operated
laundry
rooms.
A
large
portion
of
the
Company's
revenue
is
also
derived
from
the
sale
and
lease
of
its
MicroFridge
product
lines.
The
Company's
principal
customer
base
is
the
multi-housing
market,
which
consists
of
apartments,
condominium
units,
colleges
and
universities.
The
Company
also
sells,
services
and
leases
commercial
laundry
equipment
to
commercial
laundromats
and
institutions.
Mac-Gray
generates
additional
revenue
from
card-
and
coin-operated
reprographics
equipment
located
in
school
and
municipal
libraries
and
other
buildings.
The
Company
operates
in
three
business
segments:
Laundry
services,
MicroFridge
services
and
Reprographics
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Mac-Gray
Corp.
supplies
card
and
coin-operated
laundry
services
in
multiple
housing
facilities
such
as
apartment
buildings,
colleges
and
universities
and
public
housing
complexes.
For
the
six
months
ended
6/30/01,
revenues
decreased
2%
to
$74.8
million.
Net
income
decreased
43%
to
$899
thousand.
Revenues
reflect
a
weak
and
more
competitive
market.
Earnings
also
reflect
higher
depreciation
and
amortization
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Stewart MacDonald, 51 Chairman
and CEO | $418K | Michael Shea, 51 CFO,
Exec. VP, Treasurer, Sec. | 278K | Neil MacLellan, III, 41 COO,
Exec. VP | 285K | 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
|
|