Address: |
26 Century Boulevard
Nashville, TN 37214 |
| Phone: |
(615) 316-5100 |
| Fax: |
(615) 316-5195 |
| Sector: |
Technology |
| Industry: |
Electronic Instr. &
Controls |
| Employees: |
14,900 |
| Officers: |
A.G. Galef, Chmn.
R.N. Hoge, Pres./CEO
T.R. Kmak, VP/Contr.
D.P. Reiland, Exec. VP/CFO
J.P. Colling Jr., VP/Treas.
S.A. Miley, VP/Counsel/Secy. |
|
 |
Business Summary
MagneTek, Inc. makes electronic and electrical
power products used in data processing and telecommunications, building and factory
automation, power generation, lighting and other global growth markets. For the 39 weeks
ended 3/99, net sales fell 4% to $854.2 million. Net income fell 40% to $16 million.
Revenues reflect reduced sales of magnetic and electronic ballast products. Earnings also
suffered from lower margins due to downward changes in production levels. |
