| Business Summary | | Morton
Industrial
Group,
Inc.
is
a
contract
manufacturer
of
highly
engineered
metal
and
plastic
components
and
subassemblies
for
industrial,
construction
and
agricultural
original
equipment
manufacturers.
The
Company's
metal
products
include
cabs,
engine
enclosures,
panels,
platforms,
frames
and
complex
weldments
used
in
backhoes,
excavators,
tractors,
lifts
and
similar
industrial
equipment.
The
Company's
plastic
products
include
parts
used
in
off-road
recreational
vehicles,
home
appliances,
aircraft
interiors,
electronic
equipment
enclosures
and
covers,
marine
engines
and
commercial
lighting
products.
The
Company's
largest
customers
include
Deere
&
Co.,
Caterpillar
Inc.,
GE
Appliances,
B/E
Aerospace,
Compaq
and
Polaris
Industries.
Its
12
manufacturing
facilities
are
located
in
the
Midwestern
and
Southeastern
United
States. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MGRP
is
a
contract
manufacturer
of
highly
engineered
metal
and
plastic
components
and
subassemblies
for
construction,
agricultural
and
industrial
original
equipment
manufacturers.
For
the
six
months
ended
6/30/01,
net
sales
fell
6%
to
$136.1
million.
Net
loss
applicable
to
Common
totaled
$1.6
million
vs.
an
income
of
$944
thousand.
Results
reflect
lower
sales
to
consumer
product
customers
due
to
weak
economic
conditions.
Net
loss
also
reflects
lower
capacity
utilization. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| William Morton, 53 Chairman,
Pres, CEO | $394K | -- | Daryl Lindemann, 46 CFO,
VP, Sec. | 160K | $195K | Thomas Lauerman, 46 VP
of Fin. and Treasurer | 199K | -- | 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
|
|