| Business Summary | | Bandag,
Inc.
has
two
business
segments:
the
manufacture
and
sale
of
precured
tread
rubber,
equipment
and
supplies
for
retreading
tires
(the
Traditional
Business)
and
the
sale
and
maintenance
of
new
and
retread
tires
to
principally
commercial
and
industrial
customers
through
its
wholly
owned
subsidiary
Tire
Distribution
Systems,
Inc.
(TDS).
The
Traditional
Business
is
engaged
primarily
in
the
production
and
sale
of
precured
tread
rubber
and
equipment
used
by
its
franchisees
for
the
retreading
of
tires
for
trucks,
buses,
light
commercial
trucks,
industrial
equipment,
off-the-road
equipment
and
passenger
cars.
Bandag
specializes
in
a
patented
cold-bonding
retreading
process
that
it
introduced
to
the
United
States
in
1957.
TDS,
which
provides
new
and
retread
tire
products
and
tire
management
services
to
national,
regional
and
local
fleet
transportation
companies,
operates
43
Bandag
franchise
and
manufacturing
locations
and
108
commercial,
retail
and
wholesale
outlets
in
17
states. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Bandag
engages
in
the
manufacture
and
sales
of
precured
tread
rubber,
equipment
and
supplies
for
retreading
tires
and
the
sale
and
maintenance
of
new
and
retread
tires
to
commercial
and
industrial
customers.
For
the
six
months
ended
6/30/01,
revenues
fell
4%
to
$462.8
million.
Net
income
fell
57%
to
$11.8
million.
Revenues
reflect
declined
retread
volume
in
North
America.
Net
income
also
reflects
a
lower
gross
profit
margin
due
to
higher
material
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Martin Carver, 52 Chairman,
CEO, Pres | $816K | $374K | Warren Heidbreder, 54 VP,
CFO, Sec. | 461K | -- | John McErlane, 47 VP
of Marketing and Sales | 442K | -- | Nathaniel Derby II, 58 VP
- Manufacturing Design | 406K | -- | Frederico Kopittke, 57 VP,
Internationl | 298K | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|