| Business Summary | | WSI
Industries
Inc.
was
incorporated
for
the
purpose
of
performing
precision
contract
machining
for
the
aerospace,
communication,
and
industrial
markets.
The
major
portion
of
Company
revenues
are
derived
from
machining
work
for
agricultural
related
markets,
the
aerospace
industry,
construction
and
recreational
vehicles
markets.
Contract
manufacturing
constitutes
the
Company's
entire
business.
The
Company
manufactures
metal
components
in
medium
to
high
volumes
requiring
tolerances
as
close
as
one
ten-thousandth
(.0001)
of
an
inch.
These
components
are
manufactured
in
accordance
with
customer
specifications
using
materials
generally
purchased
by
the
Company,
but
occasionally
supplied
by
the
customer. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | WSI
Industries,
Inc.
provides
precision
contract
machining
for
the
aerospace,
communication,
and
industrial
markets.
For
the
39
weeks
ended
5/27/01,
net
sales
fell
29%
to
$17.1
million.
Net
loss
totaled
$524
thousand,
vs.
an
income
of
$430
thousand.
Revenues
reflect
reduced
levels
of
raw
materials
purchased
for
customers.
Net
loss
also
reflects
the
absence
of
the
pension
curtailment
gain
and
equipment
disposal
gain
recorded
in
the
previous
period. | More
from
Market Guide: Significant
Developments |
| | | George
J. Martin,
Chmn. Michael
J. Pudil,
Pres./CEO Paul
D. Sheely,
VP/Treas./Asst. Secy. Gerald
E. Magnuson,
Secy. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|