| Business Summary | | IBP,
Incorporated
conducts
its
business
in
two
segments,
Fresh
Meats
and
Foodbrands.
Fresh
Meats
produces
fresh
beef
and
processed
beef
and
pork
products.
Fresh
Meats'
primary
products
are
marketed
mainly
in
the
United
States
to
grocery
chains,
meat
distributors,
wholesalers,
retailers,
restaurant
and
hotel
chains,
and
food
processors.
Fresh
Meats
also
produces
inedible
allied
products,
such
as
hides
and
other
items
used
to
manufacture
products
such
as
leather,
animal
feed
and
pharmaceuticals,
and
edible
allied
products,
which
include
variety
meat
items.
Foodbrands
produces
frozen
and
refrigerated
food
products
for
the
foodservice
industry. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | IBP
produces
fresh
and
processed
beef
and
pork
products.
IBP
also
produces
frozen
and
refrigerated
food
products
for
the
food
service
industry.
For
the
26
weeks
ended
6/30/01,
net
sales
rose
3%
to
$8.49
billion.
Net
income
applicable
to
Common
and
before
extraordinary
item
and
accounting
change
fell
20%
to
$62.3
million.
Revenues
reflect
higher
live
cattle
and
hog
prices.
Net
income
was
offset
by
lower
gross
margins
and
higher
interest
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Richard Bond, 52 Pres,
COO, Director | $1.6M | -- | Larry Shipley, 44 CFO | 701K | $33.9K | Eugene Leman, 57 Director,
CEO, Fresh Meats | 1.0M | 62.2K | Craig Hart, 44 VP,
Controller | 224K | 2.5K | R. Randolph Devening, 57 CEO
of Foodbrands America, Inc. | 1.5M | -- | Dollar
amounts are as of 26-Dec-1999 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
|
|