| Business Summary | | DIMON
Incorporated
is
the
second
largest
independent
leaf
tobacco
merchant
in
the
world.
Large
multinational
cigarette
manufacturers,
with
one
exception,
rely
primarily
on
independent
leaf
tobacco
merchants
such
as
the
Company
to
supply
the
majority
of
their
leaf
tobacco
needs.
Leaf
tobacco
merchants
select,
purchase,
process,
store,
pack,
ship
and,
in
certain
developing
markets,
provide
agronomy
expertise
and
financing
for
growing
leaf
tobacco.
The
Company's
revenues
primarily
comprise
sales
of
processed
tobacco
and
fees
charged
for
related
services
to
manufacturers
of
tobacco
products
around
the
world.
The
Company
does
not
manufacture
cigarettes
or
other
consumer
tobacco
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | DIMON
purchases,
processes,
packs,
and
ships
leaf
tobacco
to
manufacturers
of
cigarettes
and
other
tobacco
products
throughout
the
world.
For
the
nine
months
ended
3/31/01,
revenues
decreased
3%
to
$1.11
billion.
Net
income
before
acct.
change
totaled
$9.4
million,
vs.
a
loss
of
$411
thousand.
Revenues
reflect
decreases
in
quantities
of
foreign
grown
tobacco.
Net
income
benefitted
from
a
$3.9
million
recovery
from
a
litigation
settlement. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
290,803;
after
tax
earnings
were
15,575. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Joseph Lanier, Jr., 68 Chairman | -- | Brian Harker, 50 Pres,
CEO, Chief Operating Officer, Director | $527K | James Cooley, 49 Sr.
VP and CFO | 266K | Larry Corbett, 54 Sr.
VP-Regional Exec. North America/Asia | 300K | Steve Daniels, 42 Sr.
VP-Regional Exec. Latin America/Africa | 279K | Dollar
amounts are as of 30-June-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
|
|