| Business Summary | | TBC
Corporation
is
principally
engaged
in
the
marketing
and
distribution
of
tires
in
the
automotive
replacement
market.
The
Company's
operations
are
divided
into
two
segments,
wholesale
tire
distribution
and
retail
tire
distribution.
During
2000,
the
Company's
wholesale
business
included
sales
of
the
Company's
proprietary
Cordovan,
Multi-Mile
and
Sigma
brand
tires
marketed
through
a
network
of
distributors
who
operate
under
written
distributor
agreements
with
the
Company.
In
addition,
the
Company's
wholesale
business
also
included
sales
by
Big
O
Tires,
Inc.
(Big
O),
the
Company's
wholly
owned
subsidiary,
of
its
proprietary
Big
O
brand
tires
and
other
tires.
The
retail
tire
distribution
segment
of
the
Company's
business
consists
of
the
retail
operations
conducted
by
Tire
Kingdom.
At
the
end
of
2000,
Tire
Kingdom
operated
a
total
of
163
retail
tire
and
automotive
service
centers
in
the
southeastern
United
States. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TBCC
is
engaged
in
the
marketing
and
distribution
of
tires
in
the
automotive
replacement
market.
The
company
also
acts
as
a
franchisor
of
independent
retail
tire
and
automotive
service
stores.
For
the
six
months
ended
6/30/01,
net
sales
rose
26%
to
$482.7
million.
Net
income
rose
9%
to
$9.8
million.
Revenues
reflect
an
increase
in
unit
tire
shipments
and
average
tire
sales
prices.
Earnings
were
partially
offset
by
increased
S/G/A
expenses
due
to
Tire
Kingdom
acquisition. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Marvin Bruce, 72 Chairman | -- | Lawrence Day, 51 Pres,
CEO, Director | $434K | Thomas Garvey, 46 CFO,
Exec. VP, Treasurer | -- | Kenneth Dick, 51 Exec.
VP of Sales | 201K | Larry Coley, 43 VP,
Assistant Sec., Corp. Controller | 155K | 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
|
|