| Business Summary | | TB
Wood's
Corporation
is
a
designer,
manufacturer
and
marketer
of
electronic
and
mechanical
industrial
power
transmission
products.
The
Company's
products
are
sold
to
North
American
and
international
manufacturers
and
users
of
industrial
equipment.
The
products
manufactured
by
the
Company
are
classified
into
two
segments,
mechanical
business
and
electronics
business.
The
mechanical
business
segment
includes
belted
drives
and
couplings.
The
electronics
business
segment
includes
electronic
drives
and
electronic
drive
systems.
Products
of
these
segments
are
sold
to
distributors,
original
equipment
manufacturers
and
end
users
for
manufacturing
and
commercial
applications. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TB
Wood's
Corporation
designs,
manufacturers
and
markets
electronic
and
mechanical
industrial
power
transmission
products.
For
the
three
months
ended
3/30/01,
net
sales
decreased
16%
to
$29.9
million.
Net
income
decreased
55%
to
$727
thousand.
Revenues
reflect
decreased
belted
drive
product
line
sales.
Net
income
also
reflects
a
lower
gross
profit
due
to
the
decreased
absorption
of
fixed
expenses
and
personnel
separation
packages. Recent Earnings Announcement For
the
3
months
ended
06/29/2001,
revenues
were
28,338;
after
tax
earnings
were
1,072. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Thomas Foley, 49 Chairman | $516K | Michael Hurt, 55 Pres | 533K | Cedric Cleminson, 64 Pres
of Plant Engineering Consultants, Inc. | -- | Michael Iversen, 57 Pres
of T.B. Wood's Cananda, Ltd. | 207K | Thomas Tatarczuch, 55 VP
of Fin. | 186K | 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.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|