| Business Summary | | Texas
Equipment
Corp.
operates
eight
retail
stores
in
two
states,
specializing
in
the
distribution,
sales,
service
and
rental
of
agricultural
equipment,
primarily
supplied
by
Deere
&
Company
and
its
subsidiaries
(Deere).
The
Company's
stores
are
located
in
West
Texas
and
Eastern
New
Mexico.
Deere,
a
manufacturer
and
supplier
of
agricultural
equipment
in
the
United
States,
is
the
primary
supplier
of
the
equipment
and
parts
sold
by
the
Company.
The
Company's
stores
also
offer
complementary
equipment
from
other
suppliers
and
used
equipment
as
part
of
its
wholegoods
business
segment.
As
part
of
its
product
support
business
segment,
the
Company
offers
new
and
used
parts,
equipment
rental
and
repair
service,
and
other
related
products
and
services.
In
July
2001,
the
Company
filed
for
protection
under
Chapter
11
of
the
United
States
Bankruptcy
Code. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TEXQE
operates
retail
stores
in
two
states,
specializing
in
the
distribution,
sales,
service
and
rental
of
agricultural
equipment,
primarily
supplied
by
Deere
and
Company
and
its
subsidiaries.
For
the
three
months
ended
3/31/01,
revenues
fell
40%
to
$10.6
million.
Net
loss
totalled
$806
thousand,
up
from
$111
thousand.
Revenues
reflect
a
decrease
in
new
tractor
sales
and
weak
commodity
prices.
Higher
loss
also
reflects
lower
interest
income. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Paul Condit, 67 Pres,
CEO, Director | $250.0K | E. A. Milo Mattorano, 55 VP,
CFO, Director | 155.0K | John Condit, 36 Sec.,
Treasurer, Director | 2.0K | 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
|
|