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Prospector
Profile
07.1610
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| WHX Corporation |
NAICS |
551112 |
| 555 Theodore Fremd Avenue
Rye, NY 10580 |
Description |
Holding Company |
| (914) 925-4413 |
Employees |
1628 |
| http://www.whxcorp.com |
Revenue |
(mil) |
460.9600 |
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Income |
(mil) |
-18.1500 |
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Assets |
(mil) |
293.8700 |
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Liability |
(mil) |
357.6300 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
WHX Corporation posted a net loss of $13,700,000 on net sales of $182,400,000 for the quarter ended Sept. 30, 2007, compared with net income of $5,100,000 on net sales of $121,600,000 for the third quarter of 2006. The company's consolidated balance sheet at Sept. 30, 2007, showed $461,300,000 in total assets and $539,800,000 in total liabilities, resulting in $78,500,000 total shareholders' deficit. The company's consolidated balance sheet at Sept. 30, 2007, also showed strained liquidity with $216,000,000 in total current assets available to pay $356,800,000 in total current liabilities.
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Intellectual Property:
The Company's Handy & Harman subsidiary owns a number of trademarks and patents on its products and related proprietary manufacturing processes. In addition to trademark and patent protection, H&H relies on trade secrets, proprietary know-how and technological advances that it seeks to protect. [SEC Filing 10-K 05-18-07]
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Description:
The Company operates as a holding company of its subsidiary Handy & Harman, which has three main business units: Precious Metals (fabrication, brazing, and electroplating with precious metals and alloys), Tubing (small-diameter fabricated tubing), and Engineered Materials (specialty roofing and construction fasteners).
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Officers:
Glen M. Kassan (CEO); Robert K. Hynes (CFO); Daniel Murphy (Dir.)
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Auditor:
Grant Thornton LLP
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Securities:
Common Stock Symbol WXCP.PK; Other OTC;
10,000,498 common shares outstanding as of Sept. 10, 2007.
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