| Business Summary | | Cone
Mills
Corporation
(Cone)
operates
in
three
principal
business
segments,
which
include
Denim
and
Khaki,
Commission
Finishing
and
Decorative
Fabrics.
Cone
is
a
producer
of
denim
fabrics
and
a
commission
printer
of
home
furnishings
in
North
America.
The
Company
has
a
50%
interest
in
Parras
Cone
de
Mexico,
S.A.
de
C.V.
and
a
denim
manufacturing
facility
in
Mexico.
The
denim
and
khaki
segment
represents
Cone's
largest
segment
and
is
comprised
of
denim
and
piece-dyed
bottomweight
fabrics,
more
commonly
referred
to
as
khaki.
The
commission
finishing
segment
provides
custom
printing
and
plain-shade
dyeing
services.
Cone's
decorative
fabrics
segment
operates
under
the
name
Cone
Decorative
Fabrics
and
includes
a
converting
operation,
formerly
known
as
John
Wolf
Fabrics,
and
Cone
Jacquards,
a
jacquard
weaving
plant. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Cone
Mills
Corporation
is
a
producer
of
denim
and
decorative
fabrics,
and
a
commission
printer
of
home
furnishings.
For
the
26
weeks
ended
7/1/01,
revenues
fell
7%
to
$282.7
million.
Net
loss
applicable
to
Common
totalled
$31.4
million,
up
from
$553
thousand.
Revenues
reflect
lower
sales
in
the
denim,
khaki
and
decorative
fabric
products.
Higher
loss
also
reflects
a
$19.7
million
charge
for
restructuring
and
impairment
of
assets. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Dewey Trogdon, 68 Chairman | -- | -- | John Bakane, 49 Director,
Pres and CEO | $432K | -- | Gary Smith, 41 Exec.
VP, CFO | 172K | $2.1K | Anthony Furr, 56 Exec.
VP | 281K | -- | Tom McKenna Exec. VP | -- | -- | Dollar amounts are as of 2-Jan-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
|
|