| Business Summary | | Penn
Engineering
and
Manufacturing
Corp.
is
a
manufacturer
of
self-clinching
fasteners
that
are
used
by
the
computer,
data
communications,
telecommunications,
general
electronics,
automotive
and
avionics
industries.
Self-clinching
fasteners
become
an
integral
part
of
the
material
in
which
they
are
installed
and
provide
a
reliable
means
of
attaching
components
to
sheet
metal
or
plastic.
The
Company's
Arconix
Group,
Inc.
subsidiary
distributes
fasteners
and
other
components
utilized
by
original
equipment
manufacturers
and
provides
comprehensive
logistical
and
inventory
management
services.
The
Company's
Pittman
division
manufactures
high-performance,
permanent
magnet
DC
motors
used
in
electronics,
medical
and
manufacturing
applications. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PNN
manufactures
and
sells
self-clinching
and
broaching
fasteners
and
automatic
insertion
equipment.
PNN
also
manufactures
permanent
magnet
field,
brush
commutated
direct
current
electric
motors,
and
servomotors.
For
the
six
months
ended
6/30/01,
revenues
fell
7%
to
$120.2
million.
Net
income
fell
5%
to
$11.2
million.
Revenues
reflect
lower
sales
in
the
fastener
and
distribution
operations.
Earnings
benefitted
from
decreased
interest
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Kenneth Swanstrom, 61 Chairman
and CEO | $681K | Martin Bidart, 64 Pres,
COO | 418K | Mark Simon, 62 CFO,
Sr. VP, Sec., Director | 341K | Royce Sturdevant, 40 VP
- Corp. Quality | -- | Raymond Bievenour, 57 VP-Corp.
Bus. Devel. | 283K | 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
|
|