| Business Summary | | Hydril
Company
engineers,
manufactures
and
markets
premium
connection
and
pressure
control
products
used
for
oil
and
gas
drilling
and
production.
The
Company's
premium
connections
are
used
in
drilling
environments
where
extreme
pressure,
temperature,
corrosion
and
mechanical
stress
are
encountered.
The
Company's
pressure
control
products
are
primarily
safety
devices
that
control
and
contain
fluid
and
gas
pressure
during
drilling,
completion
and
maintenance
of
oil
and
gas
wells
in
the
same
environments.
Hydril
also
provides
aftermarket
replacement
parts,
repair
and
field
services
for
its
installed
base
of
pressure
control
equipment.
These
products
and
services
are
required
on
a
recurring
basis
because
of
the
impact
on
original
equipment
of
the
extreme
conditions
in
which
pressure
control
products
are
used. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Hydril
Company
is
engaged
in
the
engineering,
manufacturing
and
marketing
of
high
performance
specialty
equipment
for
use
in
the
exploration
and
production
of
oil
and
gas.
For
the
six
months
ended
6/30/01,
revenues
rose
28%
to
$115.6
million.
Net
income
increased
67%
to
$11.2
million.
Revenues
reflect
increased
demand
from
higher
rig
counts
in
North
America.
Earnings
also
reflect
higher
margins
and
lower
interest
expenses
due
to
lower
debt
outstanding. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Richard Seaver, 78 Chairman | -- | Christopher Seaver, 52 Pres,
CEO, Director | $560K | Michael Kearney, 51 CFO,
VP-Admin. | 329K | Charles Jones, 41 Managing
Director-Pressure Control | 410K | Steven Magee, 53 Managing
Director-Western Hemisphere Premium Connection | 338K | 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
|
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