| | Business Summary | | General
Bearing
Corporation
is
actively
engaged
in
two
principal
lines
of
business:
bearings
and
machine
tools.
The
Company
manufactures,
sources,
assembles
and
distributes
a
variety
of
bearing
components
and
bearing
products,
including
ball
bearings,
tapered
roller
bearings,
spherical
roller
bearings
and
cylindrical
roller
bearings.
The
Bearings
segment
manufactures
products
under
the
Hyatt
and
The
General
trademarks.
The
Company
supplies
original
equipment
manufacturers
and
the
industrial
aftermarket,
both
principally
in
the
United
States.
The
Company's
machine
tool
operations
are
conducted
through
three
companies:
World
Machinery
Group
BV,
World
Machinery
Works
S.A.,
and
WMW
Machinery
Company
Inc. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | General
Bearing
Corp.
manufactures,
sources,
assembles
and
distributes
a
variety
of
bearing
components
and
bearing
products.
The
Company
also
manufactures
machine
tools.
For
the
26
weeks
ended
6/30/01,
sales
fell
18%
to
$28.5
million.
Net
income
fell
80%
to
$495
thousand.
Revenues
reflect
a
decrease
in
the
sales
of
tapered
roller
bearings.
Earnings
also
reflects
lower
margins
and
a
$426
thousand
loss
in
minority
interest. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Seymour Gussack, 75
Chairman | -- | David Gussack, 43
Pres | $395K | Barry Morris, 46
CFO | 135K | William Kurtz, 42
VP
-- Director of Operations | 117K | Alistair Crannis, 53
VP
of Sales and Marketing | 157K | | Dollar amounts are as of 1-Jan-2001 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
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/g/gnrl.gif)