| Business Summary | | Margate
Industries,
Inc.
is
a
holding
company
for
subsidiaries
involved
in
the
cleaning
of
small
and
medium-sized
grey
iron
castings
that
are
sold
primarily
to
the
North
American
automobile
industry.
The
Company's
subsidiaries
include
Margate
Land
Acquisition
Company,
Brown
City
Castings
Corporation,
doing
business
as
Yale
Industries
and
Fort
Atkinson
Industries,
Inc.
The
Company
performs
finishing
operations
on
grey
iron
castings
for
the
foundry
industry
and
machine
shops
in
Michigan
and
Wisconsin.
Margate's
primary
services
include
finishing,
chipping
and
grinding,
cleaning,
shot-blasting
and
testing
of
castings
produced
by
Margate's
customers
for
the
automotive
industry
and
other
component
manufacturers
in
the
United
States
and
Canada. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Margate
Industries,
Inc.
is
a
holding
company
whose
subsidiaries
are
involved
in
the
cleaning
of
small
and
medium-sized
grey
iron
castings
that
are
sold
primarily
to
the
North
American
automobile
industry.
For
the
six
months
ended
6/30/01,
net
sales
fell
32%
to
$3.9
million.
Net
income
decreased
94%
to
$26
thousand.
Revenues
reflect
the
slowdown
in
the
North
American
automotive
industry.
Net
income
reflects
less
absorption
of
the
fixed
overhead
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| William Hopton, 66 Pres | $153K | $319K | David Widlak, 52 VP,
Sec., Director | 129K | 319K | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|