| Business Summary | | Cold
Metal
Products,
Inc.,
together
with
its
wholly
owned
subsidiaries,
is
an
intermediate
processor
of
flat-rolled
steel
engineered
to
meet
the
critical
requirements
of
precision
parts
manufacturers.
As
an
intermediate
processor
of
flat-rolled
steel,
the
Company
purchases
coils
of
rolled
steel
from
primary
producers
and,
in
some
cases,
from
other
intermediate
steel
processors,
for
further
processing
using
techniques
such
as
cold-rolling,
annealing,
normalizing,
edge-conditioning
and
oscillate-winding,
as
well
as
more
basic
services
of
slitting
and
cutting
to
length.
The
Company's
products
include
strip
steel
for
specialty
and
conventional
applications
and,
to
a
lesser
extent,
processed
sheet
steel.
Specialty
strip
is
highly
engineered
to
meet
customer
needs
in
precision
parts
manufacturing,
while
conventional
strip
is
supplied
to
high-volume
manufacturers
whose
purchasing
criteria
emphasize
quality,
price
and
service
rather
than
unique
specifications. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CLQ
processes
specialty
and
conventional
strip
steel,
and
premium
and
standard
sheet
steel
to
meet
the
critical
requirements
of
precision
parts
manufacturers.
For
the
three
months
ended
6/30/01,
sales
fell
26%
to
$44.8
million.
Net
loss
totalled
$482
thousand
vs.
an
income
of
$765
thousand.
Revenues
reflect
a
reduction
in
tons
shipped
and
a
lower
priced
product
mix.
Net
loss
reflects
a
lower
gross
profit
margin
attributable
to
the
effect
of
lower
activity
levels. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Heidi Nauleau, 43 Chairman | $246K | Raymond Torok, 53 Pres,
CEO, Director | 526K | John Fayad, 52 Exec.
VP- U.S. Service Centers | -- | Joseph Horvath, 45 VP,
CFO | 322K | David Berry, 36 VP-
Management Information Systems | 131K | Dollar amounts are as of 31-Mar-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
|
|