| Business Summary | | Astrex,
Inc.
is
a
value-added
distributor
of
electronic
components
used
to
connect,
control,
regulate
or
store
electricity
in
equipment.
The
principal
products
assembled
and
sold
by
Astrex
are
"connectors."
Connectors
link
a
wire
or
group
of
wires
to
another
wire
or
group
of
wires.
Other
products
sold
include
relays,
switches
and
LEDs
(light-emitting
diodes).
While
the
Company
sells
a
portion
of
this
inventory
without
any
further
value
enhancements,
a
significant
portion
of
its
sales
consists
of
components
assembled
to
customer
specifications.
The
Company's
sales
are
worldwide,
with
a
concentration
in
the
Northeast
and
Mid-Atlantic
States.
Astrex
serves
more
than
3,800
customers
representing
a
broad
range
of
electronics
users,
from
original
equipment
manufacturers
to
engineering
firms
and
research
and
educational
institutions.
The
Company's
largest
industry
markets
include
the
defense,
aerospace,
industrial
equipment
and
computer
industries. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Astrex,
Inc.
is
a
value-added
distributor
of
electronic
components
used
to
connect,
control,
regulate
or
store
electricity
in
equipment.
The
Company's
products
include
connectors,
relays,
switches,
and
LED's.
For
the
three
months
ended
6/30/01,
net
sales
rose
13%
to
$5.2
million
Net
income
rose
20%
to
$184
thousand.
Revenues
reflect
increased
export
sales
as
well
as
product
expansions
within
existing
lines.
Earnings
also
reflect
improved
gross
profit
margins. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2001 Pay | |
| John Loring, 56 Chairman | -- | Michael McGuire, 46 CEO
and Pres | $446K | Lori Sarnataro, 36 CFO,
Exec. VP, Treasurer and Sec. | -- | Robert McGuire, 51 Exec.
VP | -- | Wayne Miller, 47 Exec.
VP | 155K | Dollar
amounts are as of 31-Mar-2001 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
|
|