| Business Summary | | RDO
Equipment
Co.
specializes
in
the
distribution,
sale,
service,
rental
and
finance
of
equipment
and
trucks
to
the
agricultural,
construction,
manufacturing,
transportation
and
warehousing
industries,
as
well
as
to
public
service
entities,
government
agencies
and
utilities.
At
fiscal
year-end
2001,
the
Company
operated
53
retail
stores
in
nine
states:
Arizona,
California,
Minnesota,
Montana,
Nebraska,
North
Dakota,
South
Dakota,
Texas
and
Washington.
Its
stores
include
a
large
network
of
Deere
&
Company
(Deere)
construction
equipment
dealerships
and
agricultural
equipment
dealerships.
In
May
2001,
the
Company
sold
its
truck
center
business
located
in
Dallas,
Waco
and
Fort
Worth,
Texas.
The
Volvo
AB
dealership
operations
were
sold
to
Volvo
Trucks
North
America,
Inc.,
while
the
GMC
portion
of
the
business
was
sold
to
Hayes
Leasing
Company,
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | RDO
operates
65
retail
stores
specializing
in
the
distribution,
sale,
service,
rental
and
finance
of
agricultural,
construction,
transportation
equiptment,
material
handling,
parts
and
supplies.
For
the
three
months
ended
4/30/01,
revenues
fell
17%
to
$154.7
million.
Net
loss
totaled
$356
thousand
vs.
an
income
of
$871
thousand.
Revenues
reflect
the
sale
of
the
Roosevelt
truck
dealership.
Net
losses
reflect
higher
operating
expenses
as
a
percentage
of
sales. Recent Earnings Announcement For
the
3
months
ended
07/31/2001,
revenues
were
149,015;
after
tax
earnings
were
478. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Ronald Offutt, 58 Chairman,
Pres, CEO | -- | Steven Dewald, 40 CFO | -- | Christi Offutt, 31 COO | -- | Kenneth Horner, Jr., 37 Exec.
VP, Project/Process Management | $188K | Allan Knoll, 57 Sec.,
Director | -- | Dollar amounts are as of 31-Jan-2001 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
|
|