| Business Summary | | Devcon
International
Corp.
produces
and
distributes
ready-mix
concrete,
crushed
stone,
concrete
block,
and
asphalt
and
distributes
bulk
and
bagged
cement
in
the
Caribbean.
The
Company
also
performs
site
preparation
work
as
a
land
development
contractor.
Devcon
has
established
a
significant
market
share
in
most
locations
where
the
Company
has
facilities.
The
Company's
construction
division
performs
earthmoving,
excavating,
and
filling
operations,
builds
golf
courses,
roads,
and
utility
infrastructures,
dredges
waterways
and
constructs
deep-water
piers
and
marinas
in
the
Caribbean. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | DEVC
produces
and
distributes
ready-mix
concrete
and
quarry
products.
DEVC
is
also
a
land
development
contractor
in
the
Caribbean.
For
the
three
months
ended
3/31/01,
revenues
decreased
16%
to
$13.2
million.
Net
income
decreased
99%
to
$49
thousand.
Revenues
reflect
the
sale
of
the
concrete
business
in
St.
Thomas,
Tortola
and
Dominica.
Net
income
reflects
the
absence
of
a
$18.4
million
gain
on
the
sale
of
certain
concrete-related
assets. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
14,586;
after
tax
earnings
were
870. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Donald Smith, Jr., 79 Chairman,
Pres, CEO | $306K | Jan Norelid, 47 CFO,
Exec. VP-Fin. | 190K | Richard Hornsby, 65 Exec.
VP, Director | 266K | Henry Obenauf, 71 VP-Engineering | 191K | Donald Smith, III, 48 VP-Construction
Operations | 143K | 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
|
|