| Business Summary | | Metals
USA,
Inc.
is
engaged
in
the
value-added
processing
and
distribution
of
steel,
aluminum
and
specialty
metals,
as
well
as
manufacturing
metal
components.
During
1998,
the
Company
organized
into
four
product
groups:
Plates
and
Shapes,
Flat
Rolled,
Specialty
Metals
and
Building
Products.
In
early
2001,
the
Company
announced
a
change
in
the
organization
to
improve
operational
efficiencies
and
reduce
administrative
costs,
which
resulted
in
a
reduction
in
the
number
of
product
groups
to
three.
The
Flat
Rolled
Group
will
expand
to
include
all
flat
rolled
processing
operations
of
specialty
metals
and
carbon
steel
in
a
single
business
unit.
Similarly,
the
non-flat
rolled
operations
of
the
former
Specialty
Metals
Group
will
be
included
in
an
expanded
Plates
and
Shapes
Group. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MUI,
a
metals
processor/service
center,
manufactures
components
from
processed
metals
(processes
metals
to
specified
thickness,
length,
width,
shape,
and
surface
quality).
For
the
six
months
ended
6/30/01,
revenues
decreased
21%
to
$850.9
million.
Net
loss
before
extraordinary
items
totalled
$15.2
million
vs.
income
of
$20.7
million.
Revenues
reflect
decreased
shipments
in
all
product
lines.
Net
loss
also
suffered
from
increased
interest
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| J. Michael Kirksey, 45 Chairman,
CEO | $346K | Richard Singer, 55 Pres,
COO | 345K | John Hageman, 46 Sr.
VP, Gen. Counsel, Sec. | 230K | Craig Doveala, 49 Sr.
VP | 291K | Lester Peterson, 60 Sr.
VP | 225K | 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
|
|