| Business Summary | | Core
Materials
Corporation
operates
in
the
plastics
market,
specifically
in
the
production
of
compression
sheet
molding
composite
(SMC)
fiberglass-reinforced
plastic
products.
SMC
plastics
are
part
of
a
larger
family
of
materials,
collectively
known
as
reinforced
plastics.
Reinforced
plastics
are
combinations
of
resins
and
reinforcing
fibers
formed
through
high-
or
low-pressure
fabrication
techniques.
The
largest
markets
for
reinforced
plastics
are
transportation,
recreational
vehicles,
commercial
products
and
industrial
applications.
Core
Materials'
two
major
customers
are
International
and
Yamaha,
which
are
supplied
proprietary
SMC
products
for
medium
and
heavy-duty
trucks
and
personal
watercraft,
respectively.
Core
Materials
also
supplies
SMC
products
to
other
truck
manufacturers,
to
automotive
manufacturers
and
to
manufacturers
of
commercial
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Core
Materials
Corporation
operates
principally
in
one
business
segment,
the
production
of
high
quality
compression
Sheet
Molding
Composite
fiberglass
reinforced
plastic
products.
For
the
six
months
ended
6/30/01,
revenues
fell
26%
to
$36.6
million.
Net
income
fell
85%
to
$179
thousand.
Revenues
reflect
reduced
sales
to
truck
original
equipment
customers.
Earnings
reflect
a
decrease
in
gross
margins
and
increased
interest
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| James Simonton, 60 Pres,
CEO, Director | $267K | -- | Malcolm Prine, 72 Chairman | -- | -- | Kevin Barnett, 38 VP,
Sec., Treasurer and Chief Financial | 146K | $0.2K | Stephen Klestinec, 51 VP,
Sales and Marketing | 142K | 0.4K | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|