| Business Summary | | Niagara
Corporation
(Niagara),
together
with
its
subsidiaries,
produces
cold
drawn
and
hot
rolled
steel
bars
for
distribution
primarily
within
North
America
and
Europe.
The
Company's
subsidiaries,
Niagara
LaSalle
Corporation
and
LaSalle
Steel
Company
(collectively,
Niagara
US),
operate
from
five
locations
in
the
United
States.
Niagara
US's
products
include
cold
drawn
bars,
which
are
used
in
machining
applications,
automotive
and
appliance
shafts,
screw
machine
parts
and
machinery
guides;
turned,
ground
and
polished
bars,
which
are
used
in
precision
shafting;
and
drawn,
ground
and
polished
bars,
which
are
used
in
chrome-plated
hydraulic
cylinder
shafts.
The
Company's
other
subsidiary,
Niagara
LaSalle
(UK)
Limited
(Niagara
UK),
operates
from
nine
locations
in
the
United
Kingdom.
Niagara
UK
offers
a
range
of
round,
hexagon,
flat,
square
and
special
profile
bars
and
sections,
as
well
as
cold
drawn
and
cold
finished
rectangular
bars. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Niagara
Corporation,
through
its
subsidiaries,
produces
cold
drawn
and
hot
rolled
steel
bars
for
steel
service
centers
and
original
equipment
manufacturers.
For
the
six
months
ended
6/30/01,
net
sales
decreased
19%
to
$151.6
million.
Net
income
decreased
75%
to
$972
thousand.
Revenues
reflect
lower
sales
volume
in
both
the
U.S.
and
the
U.K.
markets.
Earnings
also
reflect
lower
gross
margins
and
an
increase
in
operating
expenses
as
a
percentage
of
sales. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Michael Scharf, 58 Chairman,
Pres and CEO | $973K | Raymond Rozanski, 55 VP
and Treasurer | 238K | Marc Segalman, 42 VP
and Gen. Counsel | 313K | Gilbert Scharf, 52 Sec. | -- | 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
|
|