| | Business Summary | | Friede
Goldman
Halter,
Inc.
(FGH)
is
a
holding
company
engaged
in
the
design
and
construction
of
equipment
for
the
maritime
and
offshore
energy
industries.
The
Company
conducts
its
operations
in
three
primary
segments:
Offshore,
Vessels
and
Engineered
Products.
Services
provided
by
the
Company's
Offshore
segment
include
the
conversion,
retrofit
and
repair
of
existing
offshore
drilling
rigs,
and
the
design
and
construction
of
new
offshore
drilling
rigs
and
other
vessels
and
structures
employed
in
the
offshore
industry.
The
Company's
Vessels
segment
is
a
builder
of
small
to
medium-sized
ocean-going
vessels
in
the
United
States.
The
Company's
Engineered
Products
segment
services
include
the
design
and
manufacture
of
marine
cranes,
mooring
systems,
deck
equipment,
jacking
systems,
specialty
mechanical
systems
and
a
comprehensive
aftermarket
repair
and
retrofitting
operation.
In
April
2001,
the
Company
filed
for
relief
under
Chapter
11
of
the
United
States
Bankruptcy
Code. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | FGHLQ
provides
conversion,
retrofit
and
repair
services
for
offshore
drilling
rigs,
including
jackups,
submersibles,
semisubmersibles
and
drillships.
For
the
three
months
ended
3/31/01,
revenues
fell
45%
to
$116.8
million.
Net
loss
totaled
$73.2
million,
up
from
$3.1
million.
Revenues
reflect
the
completion
of
vessels
and
semi-submersible
drilling
rigs.
Net
loss
also
reflects
the
inclusion
of
a
$55.9
million
accretion
of
remaining
discount
on
convertible
notes
charge. | | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| J. Holloway, 55
Chairman | $497K | John Alford, 40
Pres,
CEO | 259K | Anil Raj, 50
COO | -- | Chuck DeCuir
Sr.
VP, Contracts | -- | Richard Juelich, 48
Group
Pres, Engineered Products Group | -- | | Dollar amounts are as of 31-Dec-1999 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
|
|
