| Business Summary | | Milastar
Corporation
sells
special
metallurgical
services
to
a
diversified
list
of
manufacturers
primarily
located
in
the
greater
Midwest
industrial
market.
The
Company's
customer
base
manufactures
a
variety
of
mechanical
end
products
and
customarily
outsources
(subcontracts)
the
processing
of
some
components
incorporated
in
those
end
products.
The
Company's
menu
of
special
processing
services
performed
includes
metallurgical
engineering,
heat-treating,
brazing
and
surface
finishing. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MILAA
sells
special
metallurgical
services
to
manufacturers
primarily
in
the
greater
Midwest
and
New
England
regions.
Processing
services
performed
include
metallurgical
engineering,
heat
treating,
brazing
and
surface
finishing.
For
the
nine
months
ended
1/01,
revenues
increased
1%
to
$6.7
million.
Net
income
totalled
$249
thousand,
up
from
$20
thousand.
Revenues
reflect
a
stronger
economy
for
the
heat
treating
industry.
Earnings
also
reflect
lower
interest
expenses. Recent Earnings Announcement For
the
3
months
ended
04/30/2001,
revenues
were
2,125;
after
tax
earnings
were
-51. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| J. Russell Duncan, 83 Chairman,
CEO | $105K | L. Michael McGurk, 49 Pres,
COO | 105K | Dennis Stevermer, 39 VP,
Treasurer | -- | Lance Duncan, 44 Sec. | -- | Dollar
amounts are as of 30-Apr-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
|
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