| Business Summary | | Kinark
Corporation
is
a
manufacturing
services
holding
company
currently
conducting
business
in
galvanizing
and
coatings
through
its
wholly
owned
subsidiary,
North
American
Galvanizing
Company
(NAG).
NAG
is
principally
engaged
in
hot-dip
galvanizing
of
metal
products
fabricated
by
its
customers.
NAG
galvanizes
iron
and
steel
products
by
immersing
them
in
molten
zinc.
This
process
produces
an
alloyed
metal
surface
that
can
endure
for
up
to
50
years
with
no
oxidation
or
corrosion
from
exposure
to
the
elements.
NAG
has
a
broad
customer
base
with
its
five
largest
customers,
on
a
combined
basis,
accounting
for
approximately
25%
of
the
Company's
consolidated
sales
in
2000. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | KIN
is
engaged
in
galvanizing
and
coatings
through
its
wholly
owned
subsidiary,
North
American
Galvanizing
Company.
For
the
six
months
ended
6/30/01,
net
sales
fell
8%
to
$18.2
million.
Net
income
from
continuing
operations
fell
83%
to
$49
thousand.
Revenues
reflect
the
sale
of
the
Lake
River
Corporation
and
North
American
Warehousing
Company
subsidiaries.
Net
income
also
reflects
lower
galvanizing
selling
prices
and
increased
depreciation
for
the
new
galvanizing
plant. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Joseph Morrow, 61 Chairman | -- | Ronald Evans, 51 Pres,
CEO, Director | $106K | Paul Chastain, 66 VP,
CFO, Sec., Director | 151K | 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
|
|