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Prospector
Profile
3-25-001
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| Ferro Corporation |
NAICS |
325510 |
| 1000 Lakeside Avenue,
Cleveland, OH 44114 |
Description |
Paint and Coating Mfg. |
| (216) 641-8580 |
Employees |
6275 |
| http://www.ferro.com/ |
Revenue |
(mil) |
2204.7900 |
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Income |
(mil) |
-94.4800 |
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Assets |
(mil) |
1638.2600 |
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Liability |
(mil) |
1161.9800 |
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(for the year ended 2007-12-31) |
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Category:
Loss/Deficit
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Event:
Ferro Corporation had a net loss of $94.4 million on net sales of $2.2 billion for the year ended December 31, 2007, compared to a net income of $19.3 million on net sales of $2.0 billion in 2006. Sales for the year ended December 31, 2007 were a record $2.2 billion, up 8% from 2006. At December 31, 2007, the Company had total assets of $1.6 billion, total liabilities of $1.1 billion, and a stockholders' equity of $476.2 million, compared to total assets of $1.7 billion, total liabilities of $1.2 billion, and a stockholders' equity of $535.0
million at December 31, 2006.
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Intellectual Property:
The Company owns a substantial number of patents and patent applications relating to its various products and their uses. While these patents are of importance, the Company does not believe that the invalidity or expiration of any single patent or group of patents would have a material adverse effect on its businesses. The Company also uses a number of trademarks that are important to its businesses as a whole or to a particular segment. [SEC Filing 10-K 02-29-08]
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Description:
Ferro Corporation is a global producer of an array of specialty chemicals including coatings, enamels, pigments, plastic compounds, and specialty chemicals for use in industries ranging from construction, pharmaceuticals and telecommunications.
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Officers:
James F. Kirsch (Chair, Pres. & CEO); Sallie B. Bailey (VP & CFO); Nicholas Katzakis (Chief Accounting Officer); Michael H. Bulkin (Dir.); Sandra Austin Crayton (Dir.); Richard J. Hipple (Dir.); Jennie S. Hwang (Dir.); William B. Lawrence (Dir.); Michael F. Mee (Dir.); Perry W. Premdas (Dir.); William J. Sharp (Dir.); Dennis W. Sullivan (Dir.)
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Auditor:
Deloitte & Touche LLP
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Securities:
Common Stock Symbol FOE; NYSE; 43,578,339 common shares outstanding as of January 31, 2008.
91/8% Senior Notes due January 1, 2009
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