BNET Industries
Market Cap:$890.7M
Last Fiscal Year Sales:$741.1M
- Public
- US
Dow Jones Description
Lufkin Industries is a global supplier of oil field and power transmission products. Through its Oil Field segment, the Company manufactures and services artificial lift equipment and related products, which are used to extract crude oil and other fluids from wells. Through its Power Transmission segment, the Company manufactures and services high-speed and low-speed increasing and reducing gearboxes for industrial applications. While these markets are price-competitive, technological and quality differences can provide product differentiation.
Director, President and Chief Executive Officer
John GlickNumber of Employees 900
Peer Companies
NAICS Code Pump and Pumping Equipment Manufacturing: 333911
Recent Events
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Lufkin Industries Inc declares dividend of USD0.25 per share
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Lufkin Industries Inc. LUFK reports 3rd Quarter ending September 2009 above estimates
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Wunderlich Securities Initiates Coverage Lufkin Industries LUFK with a Buy
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Lufkin Industries Elects Richard R. Stewart to Its Board of Directors
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Lufkin Industries Acquires Rotating Machinery Technology, Inc.
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Lufkin Industries Inc. LUFK reports 3rd Quarter ending September 2009 below estimates
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Lufkin Buys Turbo Equipment Manufacturer
News & Analysis
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lufkin industries inc. - All News and Analysis
Lufkin Industries Inc. Q3 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from [William Eagen – Raymond James] [William Eagen – Raymond James] You talked about September being the strongest month for Oil Field inbound orders. Can you give us a sense of what’s happening during the different months of the quarter...
Lufkin Industries, Inc. Q2 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Collin Gerry - Raymond James. Collin Gerry - Raymond James Real quick, Chris, I missed the depreciation for the quarter. Could you just give me that real quick again? Christopher L. Boone $4.3 million. Collin Gerry - Raymond...
Lufkin Industries, Inc. Q2 2009 Earnings Call Transcript
Lufkin Industries, Inc. LUFK Q2 2009 Earnings Call July 15, 2009 10:00 am ET
Lufkin Industries, Inc. Q4 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Operator Instructions Our first question comes from the line of Terese Fabian with Sidoti & Company. Please go ahead. Terese Fabian – Sidoti & Company Good morning. I have a question on your non-guidance – sort of guidance. You said that Lufkin Oilfield segment sort...
Lufkin Industries: Are Today's Low Prices Temporary?
Tom Armistead submits: Oil and gas equipment maker Lufkin Industries LUFK, trading in the area of a 52 week low, is interesting as a value play in the energy sector. With a 52 week range of 31.45 to 95.23, there is the hope...
Lufkin Industries, Inc. Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Our first question comes from Collin Gerry - Raymond James. Collin Gerry - Raymond James In the past we’ve talked about lead times being one of your competitive advantages and being closer to the customer. Are there any capacity constraints that you all...
Why I Sold Lufkin and Purchased Quality Systems
Robert Freedland submits: I have been doing a little bit of "micro-managing" of my portfolio. I swapped out my Meridian Bioscience, Inc. VIVO for ResMed Inc. RMD hoping to catch a bit more momentum, and now, noting that my Lufkin LUFK stock, which I just recently purchased on...
Lufkin Industries, Inc., Q1 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Operator Instructions. And, we will go first to Collin Gerry with Raymond James. Collin Gerry Guys, are you there? Jay F. Glick Yes, we are. Collin Gerry Okay, sorry. Yeah, thank you. Good morning and...
Lufkin Industries Q4 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Operator Instructions And we'll go first to Collin Gerry with Raymond James. Collin Gerry - Raymond James Hi, good morning guys I want to ask a quick question, dive a little bit more into the guidance. It looks like you have a degree of seasonality...
Global Market Review for Lufkin Industries, Inc.
M2 PRESSWIRE-15 February 2008-Market Review: Global Market Review for Lufkin Industries, Inc.C1994-2008 M2 COMMUNICATIONS LTD RDATE:15022008 Streetinvesting.com has now resumed our progressive review of Lufkin Industries, Inc. (Nasdaq: LUFK) after it traded up 1% Friday, late in the morning...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| John Glick | Director, President and Chief Executive Officer |
| Christopher L. Boone | CFO, Treasurer & Vice President |
| L.M. Hoes | Chief Operating Officer |
| Larry Hoes | Executive Vice President, Coo |
| R.D. Leslie | CFO, Treasurer & Vice President |
| Robert D Leslie | Vice President, Treasurer, Cfo |
| J.F. Glick | Vice President |
| Mark E. Crews | Vice President & Gm of Oilfield Division |
| P. G. Perez | General Counsel, Secretary & Vice President |
| P.G. Perez | General Counsel, Secretary & Vice President |
| Paul G Perez | Vice President, General. Counsel, Secretary |
| S. H. Semlinger | Vice President, Manufacturing Technology |
| Scott H Semlinger | Vice President |
| T. L. Orr | Vice President, Power Transmission Division |
| Terry L Orr | Vice President, Gm Power Transmission |
| Rob Maharrey | General Manager |
| Steve Reynolds | General Manager |
| Art Nelson | Sales Quality Manager |
| Ben Jordan | Operations Manager |
| Bill Reneau | Service Manager |
| Bruce Mott | Accounting Manager |
| Charles Lyons | Branch Manager, Sales |
| Don Crow | Manager, Service |
| Doug Williams | Purchasing Manager |
| Joe Burch | Sales Manager |
| John F Anderson | Manager |
| Keith Landsness | Branch Manager, Sales |
| Kelvin Cole | Manager, Accts |
| Mike May | Accts Manager |
| Scott Franks | Engineering Manager |
| Simon W. Henderson | Manager |
| Steve Crawford | Manager |
| Terry Livingston | Manager |
| Tracy Gil | Branch Manager, Sales |
| Michael C Ramsey | Field Project Engineer |
| S. T. Coker | Assistant Secretary |
| T. E. Wiener | Attorney |
| Thomas E Wiener | Attorney at Law |
| J. F. Anderson | Director |
| J. H. Lollar | Director |
| R. Leslie | Treasurer |
| Suzanne V Baer | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Douglas V. Smith | Chair of Board |
| John H. Lollar | Chairman |
| Bob H. O'Neal | Board of Directors |
| Bob H. O. Neal | Board of Directors |
| H. J. Trout | Board of Directors |
| J. T. Jongebloed | Board of Directors |
| James T. Jongebloed | Board of Directors |
| S. V. Baer | Board of Directors |
| S. W. Henderson | Board of Directors |
| T.E. Wiener | Board of Directors |
John F. Glick, President and Chief Executive Officer of the Company. Age 56. Mr. Glick was elected Chief Executive Officer by the Board of Directors effective March 1, 2008. He also currently serves as President of the Company effective August 2, 2007. He was also elected as a director in November of 2007. Prior to his current position, Mr. Glick was Vice President and General Manager of Lufkin s Oilfield Division from April 2007 until August 2007; he also held the position of Vice President and General Manager of Lufkin s Power Transmission Division from September 1994 until April 2007.
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Director, President and Chief Executive Officer | Current |
| Lufkin Industries, Inc. | Board of Directors | Current |
| Lufkin Industries, Inc. | Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | CFO, Treasurer & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Chief Operating Officer | Current |
| Lufkin Industries, Inc. | Director | Current |
| Lufkin Industries, Inc. | Executive Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Executive Vice President, Coo | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | CFO, Treasurer & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Vice President, Treasurer, Cfo | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Vice President | Current |
| Lufkin Industries, Inc. | General Manager, Oilfield Division | Former |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Vice President & Gm of Oilfield Division | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | General Counsel, Secretary & Vice President | Current |
| Lufkin Industries, Inc. | Secretary | Current |
| Lufkin Industries, Inc. | General Counsel | Former |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | General Counsel, Secretary & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Vice President, General. Counsel, Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Vice President, Manufacturing Technology | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Vice President, Power Transmission Division | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Vice President, Gm Power Transmission | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | General Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | General Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Sales Quality Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Operations Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Service Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Accounting Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Branch Manager, Sales | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Manager, Service | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Purchasing Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Sales Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Manager | Current |
| Lufkin Industries, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Branch Manager, Sales | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Manager, Accts | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Accts Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Engineering Manager | Current |
Simon W. Henderson, III, Manager of his own investments. Age 73. Mr. Henderson has been a director of the Company since 1971 and currently serves as a member of the Executive Committee, the Compensation Committee and the Nominating/Governance Committee.
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Manager | Current |
| Lufkin Industries, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Branch Manager, Sales | Current |
| Organization | Position | Status |
|---|---|---|
| Down Hole Injection, Inc. | Senior Design Engineer, Dhi, Inc. | Current |
| Lufkin Industries, Inc. | Field Project Engineer | Current |
| Memco Inc. | Operations Manager | Former |
| Texas A&M University | Former |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Assistant Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Attorney | Current |
| Lufkin Industries, Inc. | Director | Current |
| Lufkin Industries, Inc. | Member of the Executive | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Attorney at Law | Current |
| Lufkin Industries, Inc. | Board of Directors | Current |
Douglas V. Smith, Chairman of the Board, Chief Executive Officer and President of the Company. Age 64. Mr. Smith was elected President and Chief Executive Officer of the Company in January 1993 and Chairman of the Board in May 1995. He was also elected as a director in January 1993.
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Chair of Board | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Chairman | Current |
| Plains Exploration & Production Company | Board of Directors | Current |
| Co-Production | Director | Current |
| Cabot Oil & Gas Corporation | Chief Executive Officer | Former |
| Cabot Oil & Gas Corporation | President | Former |
| Transco Exploration Company | President | Former |
| Transco Exploration Company | Chief Operating Officer | Former |
| Cabot Oil & Gas Corporation | Chairman | Former |
| Vulcan Energy Corporation | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Board of Directors | Current |
Bob H. O Neal, formerly President of Stewart & Stevenson Services, Inc. Age 74. Mr. O Neal became a director in 1992 and currently serves as Chairman of the Compensation Committee and as a member of the Nominating/Governance Committee and Audit Committee.
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Treasurer | Current |
| Lufkin Industries, Inc. | Cfo | Former |
| Lufkin Industries, Inc. | Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Davis Petroleum Corp | Director | Current |
| Todco | Board Member | Current |
| Hercules Offshore, Inc. | Director | Current |
| Lufkin Industries, Inc. | Director | Current |
| Hercules Offshore, Inc. | Committee Member | Current |
| Energy Partners, Ltd. | Chief Financial Officer | Former |
| Energy Partners, Ltd. | Executive Vice President | Former |
| Burlington Resources, Inc. | Vice President | Former |
| Burlington Resources, Inc. | Assistant Treasurer | Former |
| Burlington Resources, Inc. | Treasurer | Former |
| Organization | Position | Status |
|---|---|---|
| Lufkin Industries, Inc. | Board of Directors | Current |
Executive News
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Lufkin Industries Inc. (LUFK) reports 3rd Quarter ending September 2009 below estimates
-
Lufkin Industries, Inc. Q2 2009 Earnings Call Transcript
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UPDATE 3-Lufkin Q2 profit slumps, sees pricing pressure in H2
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Lufkin Industries Reports Second Quarter 2009 Results From Continuing Operations
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UPDATE 1-Lufkin Q2 profit slumps 79 pct
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Lufkin Industries Reports Second Quarter 2009 Results From Continuing Operations
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Lufkin Industries Reports Second Quarter 2009 Results From Continuing Operations
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Lufkin Industries Reports Second Quarter 2009 Results From Continuing Operations
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Lufkin Buys Turbo Equipment Manufacturer
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Lufkin Buys Turbo Equipment Manufacturer
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QualityStocks: QualityStocks News - Lufkin Industries, Inc. (LUFK) Acquires Rotating Machinery Technology, Inc. - 7/1/09
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Lufkin Industries Announces Acquisition of Rotating Machinery Technology
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Lufkin Industries Announces Second Quarter 2009 Earnings Release and Conference Call...
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