| Business Summary | | Hastings
Manufacturing
Company
is
primarily
a
manufacturer
of
piston
rings
for
automotive
and
light-duty
truck
applications
for
the
replacement
market.
In
addition,
some
of
the
Company's
piston
ring
products
are
produced
for
original
equipment
applications.
To
a
lesser
extent,
the
Company
packages
and
sells
automotive
mechanics'
specialty
tools.
The
Company
distributes
its
replacement
products
through
numerous
auto
parts
jobbers
and
warehouse
distributors
in
the
United
States
and
Canada.
These
products
are
also
distributed
nationally
and
internationally
through
numerous
large-scale
engine
rebuilders
and
various
retailer
outlets. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Hastings
Manufacturing
is
primarily
a
manufacturer
of
automotive
and
light
duty
truck
piston
rings
and,
to
a
lesser
extent,
produces
and/or
sells
oil
additives
and
hand
tools.
For
the
three
months
ended
3/31/01,
net
sales
fell
4%
to
$8.7
million.
Net
income
fell
76%
to
$68
thousand.
Revenues
reflect
declines
in
the
domestic
and
Canadian
aftermarkets
and
lower
private
brand
and
original
equipment
volumes.
Earnings
also
reflect
higher
S/G/A
and
interest
expenses. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
9,927;
after
tax
earnings
were
450. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Andrew Johnson, 52 Co-CEO-
Operations | $239K | Mark Johnson, 53 Co-CEO,
Pres-Marketing | 239K | Thomas Bellgraph, 49 VP
- Fin. and Treasurer | 121K | Dale Koop, 61 VP-Engineering | 127K | Monty Bennett, 63 VP-Employee
Relations and Sec. | 117K | 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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