| Business Summary | | La-Z-Boy
Incorporated
is
a
residential
furniture
manufacturer.
The
Company
operates
in
three
segments:
Residential
Upholstery,
Residential
Casegoods
and
Contract.
The
Residential
Upholstery
segment
includes
sofas,
sleepers,
recliners,
mattresses,
occasional
chairs
and
modular
units.
The
operating
divisions
in
the
Residential
Upholstery
segment
are
England,
Bauhaus,
HickoryMark,
La-Z-Boy,
Centurion,
Alexvale,
Sam
Moore
and
Clayton
Marcus.
The
Residential
Casegoods
segment
includes
hardwood
or
veneer
products
such
as
dining
room
and
living
room
tables,
bedroom,
youth
furniture
and
occasional
furniture.
The
operating
divisions
in
this
segment
are
Pilliod,
Lea,
Hammary,
Kincaid,
American
Drew
and
Pennsylvania
House.
The
Contract
segment
manufactures
and
sells
furniture
primarily
to
hospitality,
business,
government,
healthcare
and
assisted
living
facilities.
American
of
Martinsville
and
La-Z-Boy
Contract
are
the
Contract
segment's
two
operating
divisions. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | La-Z-Boy
Inc.
manufactures
a
wide
variety
of
furniture
including
residential,
business
and
hospitality
furniture.
For
the
13
weeks
ended
7/28/01,
sales
fell
11%
to
$459
million.
Net
income
fell
78%
to
$2.8
million.
Revenues
reflect
the
bankruptcy
of
HomeLife
Furniture,
Montgomery
Ward
and
Heilig-Meyers.
Earnings
also
reflect
a
slowdown
in
sales,
production
declines,
acquisitions
with
lower
margins
and
restructuring
expenses
to
adjust
to
demand. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Patrick Norton, 78 Chairman | $750K | $368K | Gerald Kiser, 53 Pres,
CEO, Chief Operating Officer, Director | 801K | 110K | David Risley CFO, Sr. VP | -- | -- | Mark Stegeman, 38 Treasurer | -- | -- | Dollar amounts are as of 29-Apr-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|