| Business Summary | | Varco
International,
Inc.
is
a
supplier
of
technical
services
and
highly
engineered
products
to
the
oil
and
gas
drilling,
completion,
production,
and
transmission
industries
worldwide.
The
Company
operates
through
four
main
product
lines
in
the
oil
and
gas
industry
segment.
The
product
lines
are
Tubular
Services
(including
application
of
tubular
coatings,
tubular
inspection);
Solids
Control
Products
and
Services;
Coiled
Tubing
and
Wireline
Products;
and
Pipeline
and
Other
Industrial
Services.
In
May
2000,
the
Company,
formerly
Tuboscope
Inc.,
merged
with
Varco
International
(OLD)
in
a
pooling
of
interest
to
form
Varco
International,
Inc.
Varco
is
engaged
in
the
design,
manufacture,
sale
and
rental
of
drilling
tools,
equipment
and
integrated
systems
and
rig
instrumentation
used
for
oil
and
gas
drilling
worldwide. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Varco
International
is
a
supplier
of
technical
services
and
highly-engineered
products
to
the
oil
and
gas
drilling,
completion,
production,
and
transmission
industries
worldwide.
For
the
six
months
ended
6/30/01,
total
revenues
increased
41%
to
$578.1
million.
Net
income
totalled
$30.9
million,
vs.
a
loss
of
$3.8
million.
Revenues
reflect
the
recent
acquisitions
and
increased
activities
in
oil
and
gas
drilling.
Net
income
reflects
improved
operating
margin. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| George Boyadjieff, 61 Chairman,
CEO | $1.2M | $1.3M | John Lauletta, 55 Pres,
COO, Director | -- | -- | Joseph Winkler, 48 Exec.
VP, CFO and Treasurer | -- | -- | James Maroney, III, 49 VP,
Sec. and Gen. Counsel | -- | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|