| Business Summary | | Roanoke
Electric
Steel
Corporation
is
principally
engaged
in
the
extracting
of
scrap
metal
from
discarded
automobiles
and
the
manufacturing,
fabricating
and
marketing
of
merchant
steel
bar
products,
specialty
steel
sections,
reinforcing
bars,
open-web
steel
joists
and
billets.
The
Company's
wholly
owned
subsidiaries
are
Shredded
Products
Corporation,
John
W.
Hancock,
Jr.,
Inc.,
Socar,
Inc.,
RESCO
Steel
Products
Corporation,
Roanoke
Technical
Treatment
&
Services,
Inc.
and
Steel
of
West
Virginia,
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Roanoke
Electric
Steel
is
engaged
in
manufacturing
merchant
steel
bar
products,
fabricating
open-web
steel
joists
and
concrete
reinforcing
steel,
and
extracting
scrap
steel
and
other
materials
from
junked
automobiles.
For
the
six
months
ended
4/30/01,
revenues
fell
20%
to
$152.7
million.
Net
income
fell
83%
to
$1.5
million.
Revenues
reflect
the
reduction
in
shipment
levels
and
selling
prices
for
bar
and
specialty
steel
products.
Earnings
also
reflect
lower
gross
margins. Recent Earnings Announcement For
the
3
months
ended
07/31/2001,
revenues
were
79,420;
after
tax
earnings
were
82. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Donald Smith, 65 Chairman,
Pres, CEO and Treasurer | $957K | Timothy Duke, 49 Pres
and CEO, Steel of West Virginia, Inc. ("SWVA") | 460K | John Morris, 59 VP-Fin.
and Assistant Treasurer | 348K | Donald Higgins, 55 VP
of Sales | 349K | Thomas Crawford, 45 Sec.,
VP, Admin. | 297K | Dollar amounts are as of 31-Oct-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
|
|