| Business Summary | | Waxman
Industries,
Inc.
is
a
supplier
of
specialty
plumbing,
hardware
and
other
products
to
the
repair
and
remodeling
market
in
the
United
States.
The
Company
distributes
its
products
to
approximately
1,400
customers,
including
a
wide
variety
of
large
national
and
regional
retailers,
independent
retail
customers
and
wholesalers.
The
Company
conducts
its
business
primarily
through
its
wholly
owned
subsidiaries,
Waxman
Consumer
Products
Group
Inc.,
Medal
of
Pennsylvania
Inc.
(formerly
WOC
Inc.)
and
TWI,
International,
Inc.
In
addition,
at
June
30,
2000,
the
Company
owned
44.2%
of
Barnett,
a
direct
marketer
and
distributor
of
an
extensive
line
of
plumbing,
electrical,
hardware
and
security
hardware
products
to
approximately
71,500
active
customers
throughout
the
United
States.
Barnett
offers
approximately
21,300
name
brand
and
private
label
products
through
its
Barnett
and
U.S.
Lock
catalogs
and
telesales
operations. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Waxman
Industries
is
a
supplier
of
specialty
plumbing,
hardware
and
other
products
to
the
repair
and
remodeling
market.
For
the
nine
months
ended
3/31/01,
net
sales
fell
11%
to
$55.7
million.
Net
income
before
extraordinary
items
totalled
$47.8
million,
vs.
a
loss
of
$13.3
million.
Results
suffered
from
the
absence
of
WAMI
manufacturing
and
Premier
Faucet
sales
which
was
discontinued.
Earnings
were
offset
by
$47.5
million
gain
from
the
sale
of
equity
investment
in
Barnett. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
17,847;
after
tax
earnings
were
50. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Melvin Waxman, 66 Chairman
and Co-CEO | $439K | Armond Waxman, 61 Pres,
Co-CEO, Treasurer, Director | 525K | Mark Wester, 45 CFO,
VP, Controller | 138K | Laurence Waxman, 43 Sr.
VP | 245K | Michael Pendry VP-Fin. | -- | Dollar
amounts are as of 30-June-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
|
|