| Business Summary | | Watts
Industries,
Inc.
designs,
manufactures
and
sells
an
extensive
line
of
valves
and
other
products
for
the
water
quality,
water
safety,
water
flow
control
and
water
conservation
markets.
The
Company
is
a
leading
manufacturer
and
supplier
of
these
products
in
both
North
America
and
Europe.
The
Company's
growth
strategy
emphasizes
expanding
brand
preference
with
customers,
focusing
on
code
development
and
enforcement,
internal
development
of
new
valve
products
and
entry
into
new
markets
for
specialized
valves
and
related
products
through
diversification
of
its
existing
business,
strategic
acquisitions
in
related
business
areas,
both
domestically
and
abroad,
and
continued
development
of
products
and
services
for
the
home
improvement,
do-it-yourself
retail
market. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Watts
Industries
designs,
manufactures
and
sells
an
extensive
line
of
valves
for
the
plumbing
and
heating
and
water
quality
industries.
For
the
six
months
ended
6/30/01,
net
sales
rose
3%
to
$271.5
million.
Net
income
decreased
10%
to
$14.3
million.
Revenues
reflect
additional
revenues
from
the
acquisitions
of
Spacemaker
and
Heatway.
Net
income
was
offset
by
an
increase
in
cost
of
sales
and
an
adverse
impact
from
the
weaker
euro. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Timothy Horne, 62 Chairman,
Pres, CEO | $807K | $66K | William McCartney, 47 CFO,
Sec., Treasurer | 306K | -- | Lester Taufen, 57 VP,
Legal Affairs; Assistant Sec., Gen. Counsel | -- | -- | Michael Fifer, 43 Group
VP | 329K | -- | Robert McLaurin, 70 Corp.
VP - Asian Operations | -- | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|