| Business Summary | | Newcor,
Inc.
is
organized
into
three
operating
segments:
Precision
Machined
Products,
Rubber
and
Plastic
and
Special
Machines.
The
Precision
Machined
Products
segment
produces
transmission,
powertrain
and
engine
components
and
assemblies
primarily
for
the
automotive,
medium
and
heavy-duty
truck,
and
agricultural
vehicle
industries.
The
Rubber
and
Plastic
segment
produces
cosmetic
and
functional
seals
and
boots
and
functional
engine
compartment
products
primarily
for
the
automotive
industry.
The
Special
Machines
segment
designs
and
manufactures
welding,
assembly,
forming,
heat
treating
and
testing
machinery
and
equipment
for
the
automotive,
appliance
and
other
industries. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Newcor
designs
and
manufacturers
precision
machined
components
and
assemblies,
and
custom
rubber
and
plastic
products
for
the
automotive
and
agricultural
vehicle
markets.
NER
is
also
a
supplier
of
standard
and
specialty
machines
and
equipment
systems.
For
the
three
months
ended
3/31/01,
sales
fell
34%
to
$45.8
million.
Net
loss
totaled
$3.9
million,
up
from
$117
thousand.
Revenues
reflect
a
decline
in
sales
in
the
heavy-duty
truck
market.
Net
loss
reflects
a
decrease
in
gross
margins. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
50,347;
after
tax
earnings
were
-2,565. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| David Segal, 61 Chairman | -- | James Connor, 49 Pres,
CEO, Director | $184K | Thomas Parker, 54 VP
of HR and Sec. | 115K | Milton Roye, 44 Exec.
Director of Sales and Bus. Devel. | 114K | Dollar amounts are as of 31-Oct-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
|
|