| Business Summary | | Midas,
Inc.
is
engaged
in
the
retail
automotive
repair
business,
and
grants
franchises
for
and
operates
Midas
shops.
Shops
operating
under
the
Midas
brand
provide
services
in
the
United
States,
Canada,
Europe,
Australia,
the
Middle
East,
Latin
America
and
the
Caribbean.
These
shops
are
operated
by
the
Company,
its
franchisees
and
licensees
and
offer
exhaust,
brake,
suspension,
air
conditioning
and
maintenance
services.
The
Company
manufactures
and
sells
Midas
brand
products
for
resale
at
Midas
shops
and
manufactures
exhaust
products
under
the
IPC
brand
name
for
sale
to
distributors.
The
Company's
domestic
manufacturing
plant
produces
approximately
1,800
different
types
of
mufflers,
and
approximately
200
specialty
exhaust
pipes
to
service
over
1,000
makes
and
models
of
automobiles.
The
Company
also
manufactures
and
sells
shop
equipment
under
the
Huth
trademark.
Its
Midas
Realty
Corporation
subsidiary,
selects,
leases,
acquires
and
constructs
sites
for
Midas
shops. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Midas,
Inc.
provides
retail
automotive
services
in
the
United
States,
Canada,
France
and
other
locations
in
Europe,
Australia,
the
Middle
East,
Latin
America
and
the
Caribbean.
For
the
26
weeks
ended
6/30/01,
revenues
fell
7%
to
$164.8
million.
Net
income
decreased
49%
to
$10.1
million.
Revenues
reflect
a
decline
in
replacement
parts
sales.
Net
income
also
reflects
an
increase
in
S/G/A
expenses
due
to
an
increase
in
freight
costs. Recent Earnings Announcement For
the
13
weeks
ended
06/30/2001,
revenues
were
87,300;
after
tax
earnings
were
6,900. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Wendel Province, 53 Chairman
and CEO | $3.3M | William Guzik, 41 CFO,
Sr. VP | -- | Gary Vonk, 47 COO,
Exec. VP | -- | Ronald McEvoy, 53 Exec.
VP and CIO | 613K | D. Bruce Hutchison, 51 Sr.
VP of Marketing | -- | Dollar amounts are as of 30-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
|
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