BNET Industries
Market Cap:$1.2B
Last Fiscal Year Sales:$451.3M
- Public
- US
Dow Jones Description
Our Company, Kaydon Corporation, is a leading designer and manufacturer of custom-engineered, performance-critical products, supplying a broad and diverse group of alternative-energy, industrial, aerospace, medical and electronic equipment and aftermarket customers. This diversification means that demand for our products depends, in part, upon a wide range of general economic conditions, which affect our markets in varying ways from quarter to quarter. The global recessionary conditions that impacted the economy during the second half of 2008 continued during the first half of 2009, reducing demand for our products and resulting in sales volume declines in each of our businesses. The adverse macroeconomic conditions have resulted in customers acting with caution. In addition, historically unfavorable credit markets continue to adversely affect end-user capital project spending and the associated customer demand for our products, resulting in a decline in orders and requests for deferred delivery. While worldwide business conditions remain very challenging, we have seen preliminary indications that economic conditions are stabilizing, albeit at cyclically low levels. We believe these challenging economic conditions will likely continue through the remainder of 2009, which will continue to negatively impact end-user spending and our customers demand for our products. ...
Chairman, President and Chief Executive Officer (Principal Executive Officer)
James O LearyNumber of Employees 2,420
Contact Information
315 E Eisenhower Pkwy Ste 300
Ann Arbor, Michigan 48108-3330
(734) 747-7025
Peer Companies
NAICS Code Ball and Roller Bearing Manufacturing: 332991
Recent Events
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Kaydon Q3 Profit Rises, Tops Estimate; Shares Soar
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Exxon Mobil Net Drops 68%; Kellogg Net Up
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BRIEF-Deutsche Bank raises targets on U.S. multi industry cos
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Kaydon Declares Third Quarter Dividend
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Kaydon Corporation Reports Second Quarter Results
News & Analysis
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kaydon corp. - All News and Analysis
Kaydon Corporation Q4 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Analyst for Peter Lisnic – Robert W. Baird & Co., Inc. Analyst for Peter Lisnic – Robert W. Baird & Co., Inc. When you kind of talk about that plan B or the things that you have...
Kaydon Corporation Q3 2008 Earnings Call Transcript
Question-and-Answer Session Operator Thank you. Operator Instructions. And we'll take our first question from Mike Hamilton with RBC. Mike Hamilton - RBC Capital Good morning. Ken Crawford Hello, Mike. James O'Leary Good morning. Mike Hamilton - RBC Capital I was wondering if you could give...
5 Alternative Energy Stocks Worth Researching
Tom Konrad AltEnergyStocks submits: I have more ideas than I have time to explore them, and it's getting out of hand. I still need to write the promised articles on Evergreen Solar ESLR and Lithium Technology Corp LTHU, but there are many others that have caught...
Kaydon Corporation Q2 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Our first question comes from Peter Thompson - Coho Partners. Peter Thompson - Coho Partners My question is really about your convertible. I understand rates have come down significantly, but just on balance sheet management, why would you not retire that convert and avoid the bondholders...
Kaydon Corporation F1Q08 (Qtr End 3/29/08) Earnings Call Transcript
Question-and-Answer SessionOperator The question-and-answer session will be conducted electronically. If you’d like to ask a question, please do so by pressing the * key followed by the digit 1 on your touchtone telephone. If you’re using a speaker phone, please make sure your mute function is...
Kaydon Corp Q4 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you, Mr. O'Leary. We will now begin our question-and-answer session. Operator Instructions. Our first question comes from Peter Lisnic of Robert W. Baird. John Householter – Robert W. Baird Good morning. It’s actually John Householter on for Pete. James O'Leary Hi, John. John Householter –...
Kaydon Q3 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you so much. Operator Instructions First question is coming from Joel Tiss with Lehman Brothers. Joel Tiss - Lehman Brothers Good morning. How are you doing? James O'Leary Hi, Joel. How are you? Joel Tiss - Lehman Brothers Alright. I wonder if you could give us...
Directors Roster: a quarterly record of new director appointments sponsored by Spencer Stuart
THE DIRECTORS & BOARDS Directors Roster--a quarterly record of new director appointments--is compiled from public and private sources by the editorial staff of DIRECTORS & BOARDS, and is sponsored by Spencer Stuart. Please forward your directors appointments to kmccarthy@directorsandboards.com. Submissions of new directors and appointments are welcome from all...
Kaydon Corporation Announces Dividend Increase
ANN ARBOR, Mich.--BUSINESS WIRE--Nov. 1, 1999-- Kaydon Corporation (NYSE:KDN) announced today that its Board of Directors has approved an increase of the quarterly dividend by 10% to $0.11 per share from $0.10, providing an annualized rate of $0.44 per share. This is the fourteenth consecutive year in which the...
Kaydon Corporation Announces Increased Stock Repurchase Program Totaling 5,000,000 Shares
ANN ARBOR, Mich.--BUSINESS WIRE--Oct. 6, 1999-- Kaydon Corporation (NYSE:KDN) announced that, in view of the Company's strong cash position and expected future cash flows, its Board of Directors has authorized an increased stock repurchase program totaling 5,000,000 shares. As previously reported, in January 1999 the Board had authorized a...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| John Emling | Senior V. President, COO |
| Donald I. Buzinkai | Vice President, Controller & Chief Accounting Officer |
| Kenneth W. Crawford | Senior Vice President, Chief Accounting Officer & Chief Financial Officer |
| Peter C. Dechants | Chief Financial Officer |
| Anthony T Behrman | Vice President Human Resources |
| Debra K Crane | Vice President, General Counsel and Secretary |
| Glenn Dorsey | Vice President, Product Development |
| Hank Richert | Vice President, Sales & Marketing |
| John A. Madison | Vice President, IT, Planning |
| John Brocci | Vice President, Admin & Secretary |
| Kackley Debra | Vice President General Counsel |
| Thomas Behrman Anthony | Vice President, Hr |
| Dan Gibson | Marketing Manager |
| David A. Brandon | Director |
| Thomas C. Sullivan | Director |
| Timothy J. O'Donovan | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| James O Leary | Chairman, President and Chief Executive Officer (Principal Executive Officer) |
| James O'Leary | President, Chairman and CEO |
| William Gerber | Chairman |
| B. Joseph White | Board of Directors |
| Gerald J. Breen | Board of Directors |
| Mark A. Alexander | Board of Directors |
| Patrick P Coyne | Board of Directors |
| Timothy J. O. Donovan | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Kaydon Corporation | Chairman, President and Chief Executive Officer (Principal Executive Officer) | Current |
| Kaydon Corporation | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Kaydon Corporation | President, Chairman and CEO | Current |
| Beazer Homes USA Inc. | Board of Directors | Current |
| Builder Homesite, Inc. | Chief Financial Officer | Former |
| Builder Homesite, Inc. | Executive Vice President, Corporate Development | Former |
| Kaydon Corporation | Board of Directors | Former |
| Wharton Graduate School of the University of Pennsylvania | Master of Business Administration Degree | Former |
| The Wharton School of the University of Pennsylvania | MBA | Former |
| Pace University | Bachelor of Business Administration | Former |
Senior Vice President and Group President since October 2008. From May 2007 to October 2008, Mr. Emling served as Senior Vice President and Chief Operating Officer. He was Senior Vice President of Operations from April 2000 to May 2007. He joined Kaydon in September 1998 as President Specialty Bearings Products Group. Prior to joining Kaydon, he was Vice President and General Manager of Barden Corporation. Executive officers, who are elected by the Board of Directors, serve for a term of one year.
| Organization | Position | Status |
|---|---|---|
| Kaydon Corporation | Senior V. President, COO | Current |
| The Barden Corp. | Vice President | Former |
| The Barden Corp. | General Manager | Former |
| Organization | Position | Status |
|---|---|---|
| Kaydon Corporation | Vice President, Controller & Chief Accounting Officer | Current |
| Alpharma, Inc. | Principal Accounting Officer, Controller & Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Kaydon Corporation | Senior Vice President, Chief Accounting Officer & Chief Financial Officer | Current |
| Kaydon Corporation | Vice President, Controller, Assistant Secretary | Former |
| MascoTech, Inc. | Director of Financial Analysis | Former |
| Organization | Position | Status |
|---|---|---|
| Kaydon Corporation | Chief Financial Officer | Current |
| Planning Ltd. | Vice President | Former |
| Metaldyne Corporation | Vice President of Corporate Development and Strategic Planning | Former |
| MascoTech, Inc. | Vice President of Corporate Development and Strategic Planning | Former |
| Kaydon Corporation | Vice President | Former |
| Kaydon Corporation | Senior Vice President Corporate Development and Strategy & Treasurer | Current |
| Organization | Position | Status |
|---|---|---|
| Kaydon Corporation | Vice President Human Resources | Current |
| Organization | Position | Status |
|---|---|---|
| Kaydon Corporation | Vice President, General Counsel and Secretary | Current |
| Parker Hannifin Corporation | Senior Counsel | Former |
| Novelis Inc. | Former |
| Organization | Position | Status |
|---|---|---|
| Kaydon Corporation | Vice President, Product Development | Current |
| Organization | Position | Status |
|---|---|---|
| Kaydon Corporation | Vice President, Sales & Marketing | Current |
| I.D.M. Electronics Ltd.. | Vice President, Marketing | Former |
| Electro-Tec Corp. | Vice President, Sales & Marketing | Former |
| Organization | Position | Status |
|---|---|---|
| Kaydon Corporation | Vice President, IT, Planning | Current |
| Organization | Position | Status |
|---|---|---|
| Kaydon Corporation | Vice President, Admin & Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Kaydon Corporation | Vice President General Counsel | Current |
| Organization | Position | Status |
|---|---|---|
| Kaydon Corporation | Vice President, Hr | Current |
| Organization | Position | Status |
|---|---|---|
| Kaydon Corporation | Marketing Manager | Current |
| I.D.M. Electronics Ltd.. | Marketing Manager | Former |
| Organization | Position | Status |
|---|---|---|
| Kelly Home Care Services, Inc. | Executive Vice President and Chief Financial Officer | Current |
| Kelly Properties, Inc. | CFO | Current |
| Kelly Managed Services | CFO | Current |
| Search Masters International | Executive Vice President and Chief Financial Officer | Current |
| Kaydon Corporation | Chairman | Current |
| Wolverine World Wide, Inc. | Board of Directors | Current |
| AK Steel Holding Corporation | Board of Directors | Current |
| American Institute of Certified Public Accountants | Member | Current |
| National Association of Corporate Directors | Member | Current |
| Kelly Services, Inc. | Chief Financial Officer | Former |
| Kelly Services, Inc. | Executive Vice President | Former |
| Limited Brands, Inc. | vice president of finance | Former |
| Limited Brands, Inc. | director of financial reporting | Former |
| Limited Brands, Inc. | controller | Former |
| Kaydon Corporation | Director | Former |
| Kelly Services, Inc. | Board of Directors | Former |
| Harvard Business School | MBA | Former |
| Wharton Graduate School of the University of Pennsylvania | Bachelor of Science Degree In Economics | Former |
| Organization | Position | Status |
|---|---|---|
| Kaydon Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Domino's, Inc. | Chairman, Chief Executive Officer and Director | Current |
| Dominos Pizza, Inc. | Chairman and Chief Executive Officer | Current |
| PC Repair Blog | Chairman and Chief Executive Officer | Current |
| Domino's, Inc. | Manager | Current |
| University of Michigan | Board of Regents | Current |
| Kaydon Corporation | Director | Current |
| Haydon Corporation, Inc. | Board of Directors | Current |
| The TJX Companies, Inc. | Chairman, Executive Compensation Committee | Former |
| The TJX Companies, Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Kaydon Corporation | Board of Directors | Current |
Mr. Alexander has served as Chief Executive Officer and as a Supervisor since March 1996, and as President from October 1996 until May 2005. He was Executive Vice Chairman from March 1996 through October 1996. From 1989 until joining the Partnership, Mr. Alexander was an officer of Hanson Industries (the United States management division of Hanson plc, a global diversified industrial conglomerate), most recently Senior Vice President – Corporate Development. Mr. Alexander is the sole member of the General Partner. Mr. Alexander is a Director of Kaydon Corporation and a member of its Corporate Governance and Nominating Committee.
| Organization | Position | Status |
|---|---|---|
| Suburban Propane Partners, L.P. | CEO | Current |
| The Suburban | Chief Executive Officer | Current |
| Suburban Propane Partners, L.P. | President | Former |
| Corporate Governance | Board of Directors | Current |
| Kaydon Corporation | Board of Directors | Current |
| Suburban Propane Partners, L.P. | Board of Directors | Current |
| Hanson Industries, LLC | Officer | Former |
| Organization | Position | Status |
|---|---|---|
| Delaware Investments | Current | |
| Kaydon Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| RPM International Inc. | Chairman Emeritus | Current |
| Huffy Corporation | Board Director | Current |
| Kaydon Corporation | Director | Current |
| Glengary LLC | Board of Directors | Current |
| Agilysys, Inc. | Board of Directors | Current |
| RPM International Inc. | Chief Executive Officer | Former |
| RPM International Inc. | President | Former |
| RPM International Inc. | Vice President, Corporate Development | Former |
| Republic Powdered Metals, Inc. | Divisional Sales Manager | Former |
| Corporate Governance | Chairman | Former |
| RPM International Inc. | Chairman | Former |
| RPM International Inc. | Board of Directors | Former |
| Miami University | B.S. Degree In Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| Wolverine World Wide, Inc. | Chief Executive Officer | Current |
| Hush Puppy Retail Division | Chairman | Current |
| Corporate Governance | Board of Directors | Current |
| Wolverine World Wide, Inc. | Board of Directors | Current |
| Kaydon Corporation | Director | Current |
| Spartan Stores, Inc. | Director | Current |
| Hush Puppies Company | CEO | Former |
| Hush Puppy Retail Division | President & CEO | Former |
| Wolverine World Wide, Inc. | Chief Operating Officer | Former |
| Wolverine World Wide, Inc. | Executive Vice President | Former |
| Wolverine World Wide, Inc. | Chairman | Former |
| Michigan State University | MBA In Finance, Marketing | Former |
| Iowa State University | B.S. Degree In Industrial Administration | Former |
| Organization | Position | Status |
|---|---|---|
| Wolverine World Wide, Inc. | Director and Chairman | Current |
| Kaydon Corporation | Board of Directors | Current |
| Wolverine World Wide, Inc. | Director | Current |
| Spartan Stores, Inc. | Board of Directors | Current |
Executive News
-
Kaydon Declares Third Quarter Dividend
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