BNET Industries

Decorator Industries Inc.

(DII) is in the Manufacturing Industry

Market Cap:$2.5M

Last Fiscal Year Sales:$39.6M

Public
US

Dow Jones Description

The Company provides interior furnishings to original equipment manufacturers of manufactured housing and recreational vehicles and to the hospitality market. This interior furnishing market is highly competitive. The Company faces risk as the demand for its products is affected by the industry demand in the three markets that the Company serves. Any significant decline in the demand for manufactured housing, recreational vehicles, or hospitality accommodations can adversely affect the Company's results of operations or financial condition. A large amount of the Company's sales are to a relatively few customers. In 2008, the Company's top 10 customers accounted for approximately 46.0% of net sales, as opposed to 54.5% in 2007. The loss of a large customer can have a significant impact on the Company's results of operations. On March 10, 2009, Fleetwood filed a Chapter 11 bankruptcy. The accounts receivable due from Fleetwood at the time of the filing was approximately $115,000 and was fully reserved for in the 2008 year-end allowance for doubtful accounts. Simultaneously with the bankruptcy filing, Fleetwood announced its intentions to close all of its remaining travel-trailer plants. The Company will continue to supply Fleetwood's manufactured housing and motor home businesses. The expected revenue from Fleetwood in 2009 will be significantly less than experienced in prior years. ...

President & CEO

Bill Johnson

Number of Employees 600

Contact Information

10011 Pines Blvd Ste 201

Pembroke Pines, Florida 33024

decoratorindust...

(954) 436-8909

Peer Companies

NAICS Code Curtain and Drapery Mills: 314121

Recent Events

Decorator Industries Q3 net loss up

11/19/09 - Financial Announcement - View Story

Decision Makers

Name (plus bio)	Position
Bill Johnson	President & CEO
Michael K. Solomon	Cfo, Treasurer, Secretary & Vice President
Diana Hinton	Head, HR
Joe Bradley	Marketing Executive

Board of Directors

Name (plus bio)	Position
Ellen Downey	Chairperson of The Nominating Committee
Joseph N. Ellis	Board of Directors
Terrence Murphy	Board of Directors
Thomas Dusthimer	Board of Directors
Timothy J. Lindgren	Board of Directors
William Dixon	Board of Directors

Organization	Position	Status
Decorator Industries, Inc.	President & CEO	Current
Decorator Industries, Inc.	President	Current
Decorator Industries, Inc.	Board of Directors	Current
Decorator Industries, Inc.	Controller	Former

Michael K. Solomon has been Vice President of the Company since 1994, Treasurer and Chief Financial Officer since 1985 and Secretary since March 2005. Mr. Solomon has been employed by the Company since 1974.

Organization	Position	Status
Decorator Industries, Inc.	Cfo, Treasurer, Secretary & Vice President	Current

Organization	Position	Status
Decorator Industries, Inc.	Head, HR	Current

Organization	Position	Status
Decorator Industries, Inc.	Marketing Executive	Current

Ellen Downey was employed by Ryder Systems, Inc. in various financial positions from 1978 to 1991 and from 1991 to 1993 served as Vice President and Treasurer of that company. Ms. Downey has been a Director of the Company since 1997.

Organization	Position	Status
Decorator Industries, Inc.	Chairperson of The Nominating Committee	Current

Joseph N. Ellis founded La Salle-Deitch Co., Inc., a distributor of products for the manufactured housing and recreational vehicle industry in 1963, and served as its President, Chief Executive Officer and Chairman from 1971 until his retirement in 1992. Mr. Ellis has been a Director of the Company since 1993.

Organization	Position	Status
Decorator Industries, Inc.	Board of Directors	Current

Terrence H. Murphy is a shareholder in Buchanan Ingersoll & Rooney, PC, a law firm with offices in Pittsburgh, Philadelphia and Harrisburg, Pennsylvania, and other cities. Buchanan Ingersoll & Rooney serves as legal counsel to the Company.

Organization	Position	Status
Decorator Industries, Inc.	Board of Directors	Current

Thomas L. Dusthimer has served as a consultant to and director of Key Bank (Elkhart, Indiana District) since 1992. From 1973 until his retirement in 1992, Mr. Dusthimer served in various executive positions, including President, Chief Executive Officer and Chairman, with Ameritrust Indiana Corporation and Ameritrust National Bank. Mr. Dusthimer has been a Director of the Company since 1997.

Organization	Position	Status
Decorator Industries, Inc.	Board of Directors	Current

Organization	Position	Status
Decorator Industries, Inc.	Board of Directors	Current
Decorator Industries, Inc.	Board of Directors	Former

William C. Dixon is President and CEO of BFD of Metro Washington, Inc. He is also President of KHF of Metro Washington, Inc. BFD was established in 2002; KHF was established in 2005, and both companies operate furniture stores in the Washington, DC market. Mr. Dixon was President and CEO of Barnes Furniture Co., Inc. from 1998 to 2005. Barnes is a privately held retail furniture company. Mr. Dixon is the nephew of William A. Bassett. Mr. Dixon has been a Director of the Company since 2002.