| Business Summary | | Lucille
Farms,
Inc.
is
engaged
in
the
manufacture
and
marketing
of
mozzarella
cheese
and,
to
a
lesser
extent,
other
Italian
variety
cheeses.
Utilizing
proprietary
formulas
and
processes,
the
Company
has
developed
a
line
of
value-added
nutritional
cheeses,
including
reduced
fat,
fortified
and
organic
cheeses.
For
the
fiscal
year
ended
March
31,2001,
conventional
mozzarella
cheese
sales
and
blends
accounted
for
over
90%
of
the
Company's
revenues.
The
Company's
products,
which
are
primarily
manufactured
in
its
production
facility
in
Swanton,
Vermont,
are
made
of
natural
ingredients.
The
Company's
conventional
mozzarella
cheese
is
sold
primarily
to
the
foodservice
and
industrial
segments
of
the
cheese
market. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Lucille
Farms
is
engaged
in
the
manufacture
and
marketing
of
mozzarella
cheese
and,
to
a
lesser
extent,
other
Italian
variety
cheeses,
utilizing
proprietary
formulas
and
processes.
For
the
fiscal
year
ended
3/31/01,
sales
fell
3%
to
$41.4
million.
Net
loss
totalled
$1.5
million
vs.
a
net
income
of
$71
thousand.
Revenues
suffered
from
the
decrease
in
the
average
selling
price
of
cheese.
Net
loss
reflects
an
increase
in
consulting
and
freight
costs. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
12,136;
after
tax
earnings
were
241. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2001 Pay | |
| Gennaro Falivene, 71 Chairman,
Exec. VP - Quality Control | $111K | Alfonso Falivene, 59 Presiden,
CEO, | 115K | Stephen Katz, 66 CFO,
VP of Fin. and Admin., Sec., Director | -- | David McCarty, 45 VP-Marketing
and Sales | -- | Joseph Arcata, 54 VP
- Production | -- | 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
|
|