Address: |
26555 Northwestern
Highway
Southfield, MI 48034 |
| Phone: |
(248) 354-7700 |
| Fax: |
(248) 354-8648 |
| Sector: |
Consumer Cyclical |
| Industry: |
Auto & Truck Parts |
| Employees: |
54,350 |
| Officers: |
Richard A. Snell, Chmn./CEO
Gordon A. Ulsh, Pres./COO
Thomas W. Ryan, Exec. VP/CFO
David A. Bozynski, VP/Treas.
Kenneth P. Slaby, VP/Contr./CAO. |
|
 |
Business Summary
FMO is a manufacturer and distributor of
precision parts, primarily vehicular components for automobiles and trucks, farm and
construction vehicles and industrial products. For the six months ended 6/30/99, net sales
rose 78% to $3.33 billion. Net income applicable to Common before extraordinary item and
accounting change totalled $147.5 million, up from $19.4 million. Results reflect
acquisitions and improved gross profit margin due to productivity improvements and cost
controls. |
