| | Business Summary | | Cannondale
Corporation
is
a
manufacturer
of
high-performance
bicycles.
The
Company's
bicycle
line
has
85
models,
the
significant
majority
of
which
are
hand
assembled
and
constructed
with
hand-welded
aluminum
frames.
Cannondale
also
sells
other
bicycle-related
products,
which
include
clothing,
shoes
and
bags,
and
a
line
of
components,
some
of
which
are
manufactured
for
the
Company
by
third
parties.
The
Company
has
also
entered
the
motorsports
market
with
the
production
and
shipment
of
its
first
MX400
motocross
motorcycle.
The
Company
also
has
announced
plans
to
manufacture
and
sell
three
additional
motorized
recreational
vehicles,
which
consist
of
two
new
motorcycle
models
and
a
four-wheeled
all-terrain
vehicle. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Cannondale
Corporation
manufactures
and
distributes
high
performance
bicycles,
clothing,
shoes
and
bags,
and
a
line
of
bicycle
related
components.
For
the
nine
months
ended
3/31/01,
net
sales
fell
12%
to
$104
million.
Net
loss
before
extraordinary
item
rose
from
$1.6
million
to
$17
million.
Revenues
reflect
unfavorable
exchange
fluctuations
and
general
softening
in
consumer
purchases.
Net
loss
suffered
from
decreased
gross
margins
due
to
MX400
and
FX400
start-up
costs. Recent Earnings Announcement
For
the
3
months
ended
06/30/2001,
revenues
were
42,781;
after
tax
earnings
were
-2,769. (Preliminary; reported in thousands of dollars.) | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Joseph Montgomery, 60
Chairman,
Pres, CEO | $409K | William Luca, 57
VP-Fin.,
CFO, Chief Operating Officer, Treasurer, Director | 336K | Daniel Alloway, 41
VP
of Sales | 202K | Mark Charpentier, 39
VP | -- | Michael Dower, 48
VP
of Information Technology | -- | | Dollar amounts are as of 1-July-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
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/b/bike.gif)