| Business Summary | | HON
INDUSTRIES
Inc.
is
a
national
manufacturer
and
marketer
of
office
furniture
and
hearth
products.
A
broad
office
furniture
product
offering
is
sold
through
a
national
system
of
dealers,
wholesalers,
warehouse
clubs,
retail
superstores,
to
end-user
customers
and
federal
and
state
governments.
Dealer,
wholesaler
and
retail
superstores
are
the
major
channels
based
on
sales.
Hearth
products
include
wood-,
pellet-
and
gas-burning
factory-built
fireplaces,
fireplace
inserts,
chimney
systems,
stoves,
gas
logs
and
related
accessories.
These
products
are
sold
through
a
national
system
of
dealers,
wholesalers,
large
regional
contractors
and
Company-owned
retail
outlets. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HON
INDUSTRIES,
INC.
is
a
manufacturer
and
marketer
of
office
furniture
and
hearth
products,
that
are
marketed
predominately
in
the
U.S.
and
Canada.
For
the
26
weeks
ended
6/30/01,
net
sales
fell
9%
to
$906.2
million.
Net
income
fell
53%
to
$22.5
million.
Net
sales
reflect
lower
office
furniture
revenues.
Net
income
also
reflects
$24
million
in
restructuring
and
impairment
charges
and
higher
selling
and
administrative
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Jack Michaels, 63 Chairman,
Pres, CEO | $1.8M | Jerald Dittmer, 43 CFO | 317K | Phillip Martineau, 53 Exec.
VP | -- | John McGlinn, 60 Sr.
VP, Operations Improvement | -- | Malcolm Fields, 39 VP,
CIO | -- | Dollar amounts are as of 30-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
|
|