| Business Summary | | Sola
International
Inc.
is
a
designer,
manufacturer
and
distributor
of
a
broad
range
of
plastic
and
glass
eyeglass
lenses.
The
Company
commenced
operations
in
1960
and
was
incorporated
in
1993.
Sola
has
sales
offices
in
30
countries
worldwide
and
operates
in
most
major
regions
of
the
world,
including
North
America,
Europe
and
Rest
of
World
(primarily
Australia,
Asia
and
South
America).
The
Company
focuses
its
efforts
on
value-added
products,
including
products
with
advanced
design
characteristics,
lens
coatings
and
treatments
and
thin
and
light
weight
materials,
such
as
polycarbonate.
Sola
markets
its
spectacle
lens
products
under
the
brands
SOLA
and
American
Optical
(AO)
and
distributes
them
globally
through
three
primary
channels:
direct
to
national
chain
retail,
direct
to
retail
outlets
and
wholesale
distributors,
such
as
independent
processing
laboratories).
In
the
United
States,
the
Company
sells
directly
to
managed
care
organizations. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SOL
designs,
manufactures
and
distributes
a
broad
range
of
plastic
and
glass
eyeglass
lenses.
For
the
three
months
ended
6/30/01,
net
sales
decreased
4%
to
$136
million.
Net
income
before
extraordinary
item
totaled
$6.7
million,
up
from
$882
thousand.
Revenues
reflect
the
Company's
efforts
to
concentrate
on
higher
margin
value-added
sales
and
lower
sales
to
laboratory
customers.
Earnings
benefited
from
the
absence
of
special
charges
and
lower
amortization
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Maurice Cunniffe, 67 Chairman | -- | Jeremy Bishop, 50 Pres,
CEO, Director | -- | Steven Neil, 47 Exec.
VP-Fin., CFO, Treasurer, Sec. | $274K | Barry Packham, 53 Exec.
VP, Manufacturing and Logistics | -- | Stephen Lee, 47 VP,
Director of HR | 344K | Dollar amounts are as of 31-Mar-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
|
|