| Business Summary | | Prab,
Inc.
is
engaged
in
the
design
and
manufacture
of
conveyors,
metal
scrap
reclamation
systems
and
bulk
material
handling
equipment.
The
Company
sells
its
products
worldwide
through
a
network
of
factory
sales
engineers,
manufacturers'
agents,
and
distributors.
Its
products
are
used
in
a
variety
of
manufacturing
processes
to
reduce
labor
costs,
increase
productivity,
improve
quality
and
save
materials
and
energy
resources.
Major
customers
are
in
the
metal
working,
chemical,
pharmaceutical,
and
food
processing
industries
throughout
the
United
States,
Canada,
Mexico,
Asia,
and
Europe. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Prab,
Inc.
designs
and
manufactures
complete
metal
scrap
reclamation
systems
and
conveyor
equipment
used
to
reduce
labor,
manufacturing
and
transportation
costs
associated
with
metal
scrap
disposal.
For
the
six
months
ended
4/30/01,
net
sales
fell
9%
to
$6.8
million.
Net
income
fell
88%
to
$10
thousand.
Revenues
reflect
decreased
order
activity
in
the
Prab
Conveyor
and
Hapman
Conveyor
product
lines.
Earnings
also
suffered
from
lower
operating
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Gary Herder, 53 Chairman,
Pres and CEO | $174K | Robert Klinge, 51 CFO,
VP-Fin., Treasurer | -- | Eric Brown, Jr., 60 Sec. | -- | Dollar
amounts are as of 31-Oct-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
|
|