| Business Summary | | FinishMaster,
Inc.
is
a
distributor
of
automotive
paints,
coatings
and
paint-related
accessories,
primarily
to
the
automotive
collision
repair
industry
in
the
United
States.
The
Company
serves
its
customers
through
156
sales
outlets
and
three
major
distribution
centers.
The
Company
has
over
35,000
customers
that
it
provides
a
comprehensive
selection
of
brand
name
products
supplied
by
BASF,
DuPont,
3M
and
PPG,
which
accounted
for
approximately
85%
of
purchases
in
2000.
The
Company
also
provides
its
own
refinishing
accessory
products,
such
as
masking
materials,
body
fillers,
thinners,
reducers
and
cleaners.
Its
operations
are
organized
into
two
geographical
divisions,
East
and
West.
The
Company
aggregates
its
two
divisions
into
a
single
segment. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FinishMaster,
Inc.
is
a
national
distributor
of
automotive
paints,
coatings
and
paint-related
accessories
to
the
automotive
collision
repair
industry.
For
the
six
months
ended
6/30/01,
revenues
decreased
1%
to
$169.5
million.
Net
income
before
extraordinary
item
rose
69%
to
$3.3
million.
Revenues
reflect
a
slowdown
in
the
automotive
paint
aftermarket.
Net
income
reflects
a
strong
gross
margin,
lower
overall
expense
levels,
and
reduced
interest
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Andre Lacy, 61 Chairman,
CEO | -- | Wesley Dearbaugh, 49 Pres,
COO, Director | $348K | Thomas Young, 68 Vice
Chairman | 266K | Robert Millard, 43 CFO,
Sr. VP-Fin., Sec., Treasurer | 218K | Thomas Case, 55 Sr.
VP, Sales, West Division | 179K | 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
|
|