| Business Summary | | Newhall
Land
&
Farming
Company
is
engaged
in
the
development
of
residential,
industrial
and
commercial
real
estate,
and
in
agriculture,
on
its
approximately
50,000
acres
in
California.
The
Company's
primary
business
is
developing
new
towns
and
master-planned
communities
in
north
Los
Angeles
County.
The
Company's
real
estate
properties
are
located
in
Valencia
and
Newhall
Ranch,
Los
Angeles.
Valencia
is
home
to
approximately
42,000
residents
and
over
1,400
companies.
Newhall
Ranch
permits
21,600
homes
in
five
villages
and
325
net
acres
of
commercial
and
business
park
uses.
The
Company's
agricultural
properties
are
the
New
Columbia
Ranch
in
the
San
Joaquin
Valley,
and
the
Newhall
Orchard
in
Ventura
County. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Newhall
Land
and
Farming
develops,
constructs,
and
sells
residential,
commercial,
and
industrial
real
estate
in
CA
and
is
also
engaged
in
farming,
cattle
and
feed
marketing.
For
the
six
months
ended
6/30/01,
revenues
rose
53%
to
$127.7
million.
Net
income
totaled
$76.4
million,
up
from
$9.5
million.
Revenues
reflect
increased
industrial
and
commercial
sales.
Earnings
also
benefitted
from
the
efficiencies
associated
with
higher
sales
volume
and
decreased
interest
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Thomas Lee, 57 Chairman | $1.5M | Gary Cusumano, 56 Pres,
CEO, Director | 1.2M | Stuart Mork, 47 Sr.
VP, CFO | 489K | Thomas Dierckman, 51 Sr.
VP Commercial and Industrial, Valencia Division | 508K | Stephen Schmidt, 51 Sr.
VP, Residential Community Devel. | -- | Dollar amounts are as of 31-Dec-1999 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
|
|