| Business Summary | | Valley
National
Gases,
Incorporated
is
a
leading
packager
and
distributor
of
cylinder
and
bulk
industrial,
medical
and
specialty
gases,
welding
equipment
and
supplies,
propane
and
fire
protection
equipment
in
10
states
in
the
mid-Atlantic
and
midwestern
regions
of
the
United
States.
The
Company
packages
and
mixes
industrial,
medical
and
specialty
gases,
including
nitrogen,
hydrogen,
and
argon,
in
pressurized
cylinders
and
the
transportation
of
these
cylinders
to
customers
from
one
of
its
59
distribution
and
retail
locations.
In
connection
with
the
distribution
of
gases,
the
Company
sells
welding
equipment
and
supplies,
including
welding
machines,
wire,
fluxes
and
electrodes
and
a
wide
variety
of
supporting
equipment.
The
Company
also
derives
revenues
from
cylinders
and
tanks
rental. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Valley
National
Gases
is
a
packager
and
distributor
of
industrial,
medical
and
specialty
gases,
welding
equipment
and
supplies,
propane
and
fire
protection
equipment
in
10
states
in
the
mid-Atlantic
and
midwestern
regions
of
the
U.S.
For
the
fiscal
year
ended
6/30/01,
sales
rose
12%
to
$141.3
million.
Net
income
rose
8%
to
$3.9
million.
Revenues
reflect
contribution
from
acquisitions.
Net
income
was
partially
offset
by
an
increase
in
interest
rate
swap
and
acquisition
related
cost. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
32,805;
after
tax
earnings
were
618. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Gary West, 63 Chairman | $279K | Lawrence Bandi, 46 Pres,
CEO | 317K | Robert Scherich, 40 CFO | 134K | John Bushwack, 49 Exec.
VP, Chief Operating Office | 239K | Dollar amounts are as of 30-June-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
|
|