| Business Summary | | Fab
Industries,
Inc.
is
a
major
manufacturer
of
warp
and
circular
knit
fabrics,
raschel
laces
and
laminated
fabrics.
The
Company's
textile
fabrics
are
sold
to
a
wide
variety
of
manufacturers
of
ready-to-wear
and
intimate
apparel
for
men,
women
and
children,
including
dresses
and
sportswear,
children's
sleepwear,
activewear
and
swimwear,
and
recreational
apparel.
While
sales
are
primarily
to
manufacturers
of
finished
goods,
the
Company
also
uses
its
own
textile
fabrics
internally
to
produce
100%
cotton
jersey
sheets,
flannel
and
satin
sheets,
as
well
as
blankets,
comforters
and
other
bedding
products,
which
the
Company
sells
to
specialty
stores,
catalogue
and
mail
order
companies,
as
well
as
airlines
and
healthcare
institutions.
In
addition,
the
Company's
subsidiary,
Gem
Urethane
Corporation,
produces
a
line
of
ultrasonically
hot
melt
adhesive,
flame
and
adhesive
bonded
products
for
apparel,
environmental,
healthcare,
industrial
and
consumer
markets. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Fab
industries
manufactures
and
markets
warp
knit
textile
fabrics,
raschel
laces,
circular
and
novelty
knits,
and
polyurethane
coated
bonded
fabrics.
The
Co.
also
produces
comforters,
sheets,
blankets
and
other
bedding
products.
For
the
26
weeks
ended
6/2/01,
net
sales
fell
26%
to
$43
million.
Net
loss
totaled
$5.4
million
vs.
an
income
of
$1.1
million.
Results
reflect
lower
volumes,
lower
margins
due
to
lower
volumes
and
a
$6
million
asset
impairment
charge. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Samson Bitensky, 81 Chairman
and CEO | $356K | Stanley August, 69 Co-Pres,
COO, Director | 237K | Steven Myers, 52 Co-Pres,
COO | 237K | David Miller, 63 CFO,
VP-Fin., Treasurer | 156K | Sam Hiatt, 53 VP
of Sales | 217K | Dollar amounts are as of 2-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
|
|