BNET Industries

Meadow Valley Corp.

Last Fiscal Year Sales:$205.9M
  • Public
  • US
Dow Jones Description

We expected 2005 to be a pivotal year for Meadow Valley, and it was. We believe that our performance in 2005 shows what Meadow Valley is capable of achieving when we focus all of our resources on our most profitable geographic markets in both our construction services and construction materials businesses. Net income for 2005 increased to a record $4.5 million (before deduction of minority interest), shattering our previous net income record of $2.3 million set in 1999. For 2004, net income was $0.6 million. Revenue increased 10% to $184 million from $167 million in 2004. Our construction services segment generated net income of $1.7 million for 2005 compared to a net loss of $1.9 million for 2004. Key to this turnaround was the successful implementation of our three-step plan to: - Focus on our historically most profitable locations -- Arizona and Southern Nevada -- and exit New Mexico; - Manage our projects more effectively by reducing costs and insuring payment for work performed; and - Improve the quality of our estimates at the time of the original bid. The result was that we completed the Gooseberry project in Utah with no additional losses -- we lost $5.2 million on this project in 2004 and $2.5 million in 2003. And perhaps more important from the point of view of the long-term health of the business, about half of our other projects outperformed their original bid gross profit, and half as many projects lost money in 2005 than in 2004. Our construction materials...

Chief Executive Officer
Bradley E. Larson
Number of Employees 100
Contact Information

4602 E Thomas Rd

Phoenix, Arizona 85018

www.meadowvalle...

(602) 437-5400

NAICS Code Water and Sewer Line and Related Structures Construction: 237110

News & Analysis

meadow valley corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
Bradley E. Larson Chief Executive Officer
Alan A. Terril Vice President and Chief Operating Officer
Alan Terrill Coo
David Doty Chief Financial Officer
Conner Searcy Treasurer & Executive Director
Victor L. Vescovo Managing Director

Board of Directors

Name (plus bio) Position
Theodore W. Beneski Chairman & President
Chris Zugaro Board of Directors
Earle C. May Board of Directors
Gary A. Agron Board of Directors
Kim A Lewis Board of Directors

Bradley E. Larson has been a director of the Company since 1994 and was appointed President in July 1995 and Chief Executive Officer in November 1995. Mr. Larson was employed by Tanner Companies, a contracting and material company located in Phoenix, Arizona, from 1976 until December 1994. He was Division President of the Western Arizona region for Tanner from 1984 to 1988, Vice President of Operations from 1988 to 1989 and President of Tanner s Construction Division from 1989 until he joined the Company in December 1994. Mr. Larson earned a BSE degree in Industrial Engineering from Arizona State University in 1979. He has been active in several construction industry associations and is past Chairman and Director of The Arizona Rock Products Association and past Director of the Arizona Heavy Highway Chapter of the Associated General Contractors.

Organization Position Status
Meadow Valley Corporation Chief Executive Officer Current
Ready Mix, Inc. CEO Current
Ready Mix, Inc. Board of Directors Current
Meadow Valley Corporation Board of Directors Former
Arizona State University Bse Degree In Industrial Engineering Former

Organization Position Status
Meadow Valley Corporation Chairman & President Current

Organization Position Status
Meadow Valley Corporation Vice President and Chief Operating Officer Current
Meadow Valley Corporation Manager Current
Ready Mix, Inc. Vice President Former

Organization Position Status
Meadow Valley Corporation Coo Current

David D. Doty, age 41, joined the Company in August 2005 and was named Secretary, Treasurer, Chief Financial Officer and Principal Accounting Officer in April 2006. He received his Bachelor of Science degree with a major in Accounting from the California State Polytechnic University, Pomona in 1992. He received his Certified Public Accountant s certificate from the State of California in 2003. From 1991 to 1994 he was a supervisor at Brabo, Carlsen & Cahill, CPA s in Palm Springs California. From 1994 to 2000 he was Vice President of Operations and Controller for a hospitality and tourism firm in Rancho Mirage California and from 2000 to 2005 he was first Corporate Controller and then Vice President of Administration, Treasurer and Chief Financial Officer of Star Markets, Ltd. in Honolulu Hawaii.

Organization Position Status
Meadow Valley Corporation Chief Financial Officer Current
Star Markets Ltd. Inc. Chief Financial Officer Former
Star Markets Ltd. Inc. Vice President of Administration Former
Star Markets Ltd. Inc. Corporate Controller Former
Star Markets Ltd. Inc. Treasurer Former
California State Polytechnic University Bachelor of Science Degree Former

Organization Position Status
Meadow Valley Corporation Treasurer & Executive Director Current
Meadow Valley Corporation Board of Directors Current

Organization Position Status
Meadow Valley Corporation Managing Director Current
Meadow Valley Corporation Board of Directors Current

Organization Position Status
Meadow Valley Corporation Board of Directors Current

Organization Position Status
Meadow Valley Corporation Board of Directors Current

Organization Position Status
Meadow Valley Corporation Board of Directors Current

Organization Position Status
Meadow Valley Corporation Board of Directors Current
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