| Business Summary | | Sterling
Sugars,
Inc.
is
a
grower
and
processor
of
sugarcane
from
which
it
produces
raw
sugar
and
blackstrap
molasses,
a
by-product.
Cane
residue
(bagasse),
also
a
by-product,
is
used
as
the
primary
fuel
for
the
Company's
steam
boilers.
Sugarcane
for
processing
is
supplied
to
the
factory
from
Company
lands
and
by
independent
farmers
in
St.
Mary,
Iberia
and
surrounding
parishes.
During
fiscal
2000,
the
Company
processed
1.14
million
tons
of
sugarcane
and
produced
121,398
tons
of
sugar. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Sterling
Sugars,
Inc.
is
a
grower
and
processor
of
sugarcane
from
which
it
produces
raw
sugar
and
blackstrap
molasses.
All
sugar
produced
by
the
Company
is
sold
to
a
few
major
sugar
refiners
and
a
candy
manufacturer,
and
all
molasses
is
sold
to
a
major
distributor.
For
the
nine
months
ended
4/30/01,
revenues
rose
1%
to
$41.2
million.
Net
income
fell
15%
to
$2
million.
Results
reflect
increased
royalty
payments
from
new
oil
wells,
offset
by
lower
operating
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Bernard Boudreaux, Jr., 63 Chairman
and Gen. Counsel | -- | Craig Caillier, 38 Pres,
CEO | $133K | Stanley Pipes, 65 VP
and Treasurer | -- | James Burns, Jr., 60 Sec. | -- | Dollar
amounts are as of 31-July-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
|
|