630 Dundee Rd., Suite 400, Northbrook 60062; 708-498-7070
COMPANY
Founded: 1988
Year-end: Dec. 31
Employees: 3,000; 20 in Illinois
Foreign sales: About 32 percent of $399.5 million
Stock 365 day close
High: $33.375
Low: $25.00
April: 28 $33.375
April 1, 1995 value of $1,000 in company stock
Purchased 1994: $1,289.20
Purchased 1990: $3,597.02
CHIEF EXECUTIVE
Donald N. Boyce, 56, since 1988
Cash compensation: $828,372, up 14 percent
Options granted in 1994: $679,698, up 4 percent
Options, stock appreciation rights exercised in 1994: None
Shares owned: 494,102 of 19.1 million
The company, which manufactures pumps and other fluid-handling devices, plus several more industrial products, continued its acquisition strategy in 1994 with the purchase of Hale Products, the world’s leading producer of truck-mounted fire pumps. Hale also makes the Hurst Jaws of Life rescue tool system.
The new acquisition helped Idex increase sales outside the United States significantly, and the company-effectively controlled by buyout specialist Kohlberg Kravis Roberts & Co.-is well poised to profit from infrastructure expansion in the Far East and Latin America as well increased economic strength in Europe, analysts say.
After 1994 showed increases of 29 percent in net sales and 32.7 percent in net income, Idex in January had a 3-for-2 stock split and paid the company’s first cash dividend.
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The Tribune’s business reporting staff profiles the Chicago area’s Top 100 companies, based on market capitalization as of April 28, 1995.
The information in the profiles was obtained from the following sources:
– Company reports, including annual reports, public stock offering prospectuses and proxy statements.
– Interviews with company officials.
– Reports by securities analysts.
– News reports.
– Dow Jones News/Retrieval, an on-line service of Dow Jones & Co., New York.
– Bloomberg Business News, New York.
– TMS Stocks, a subsidiary of Tribune Media Services Inc., a unit of Tribune Co., Chicago.
– Morningstar Inc., Chicago.
– “First Chicago Guide,” published by Scholl Communications, Deerfield.
– “Hoover’s Handbook,” The Reference Press Inc., Austin, Texas.
Each profile includes the 365-day high, low and April 28, 1995, closing stock price for the company. Theoretical total-return investment results for shares purchased for $1,000 a year ago and five years ago also are shown. The date on which those calculations are based is April 1. The results assume reinvestment of dividends on a quarterly basis.
Each profile includes the chief executive’s cash compensation, including bonus and other compensation paid in 1994, along with the change from the prior year. The figure for the CEO’s stock holdings includes shares the CEO had the right to acquire within 60 days of the proxy statement’s issuance.
