BNET Industries

Market Cap:$69.6M
Last Fiscal Year Sales:$66.8M
  • Public
  • US
Dow Jones Description

We lease and sell geophysical and other equipment used primarily by seismic data acquisition contractors to perform seismic data acquisition surveys on land, in transition zones (marsh and shallow water areas) and marine areas. We conduct our operations on a worldwide basis and believe we are the world's largest independent lessor of seismic equipment. Our equipment is utilized in a variety of geographic regions throughout the world. We support our leasing operations from our locations in Huntsville, Texas; Calgary, Alberta; Ufa, Bashkortostan, Russia; Brisbane, Australia and Singapore. Through our SAP subsidiary in Brisbane, Australia we sell equipment, consumables, systems integration, engineering hardware and software maintenance support services to the seismic, hydrographic, oceanographic, environmental and defense industries throughout Southeast Asia and Australia. Our Seamap subsidiary, from its locations in the United Kingdom and Singapore, designs, manufactures and sells marine seismic equipment throughout the world. Seamap's primary products include the GunLink seismic source acquisition and control systems which provide operators of marine seismic surveys more precise control of energy sources and the BuoyLink GPS tracking system which is used to provide precise positioning of seismic sources and streamers.

Director, President and Chief Executive Officer
Billy F. Mitcham
Number of Employees 129
Contact Information

8414 Hwy 75 S

Huntsville, Texas 77340

mitchamindustri...

(936) 291-2277

NAICS Code Other Commercial and Industrial Machinery and Equipment Rental and Leasing: 532490

Recent Events

  • Capital One Southcoast Upgrades Mitcham Industries MIND to Add; Positive on International Opportunities

    9/09/09 - Bond / Stock Rating - View Story

  • Mitcham Industries Reports Fiscal 2010 Second Quarter Results - Excluding special items, Company reports net...

    9/09/09 - Financial Announcement - View Story

  • Mitcham Industries Reports Fiscal 2010 First Quarter Results

    6/02/09 - Financial Announcement - View Story

News & Analysis

mitcham industries inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Billy F. Mitcham Director, President and Chief Executive Officer
Michael Pugh CFO & Executive Vice President, Finance
Robert P. Capps Executive Vice President, Finance and Chief Financial Officer
Roberto Rios Chief Financial Officer
Guy Rogers Executive Vice President of Business Development
Guy Malden Vice President, Marine Systems
Guy Rogers Paul Vice President, Business Development
Paul Rogers Vice President of Business Development
Jack Lascar Partner
Stuart Steinberg Ten Percent Owner
Cheryl Wilson Assistant Controller
Jesse Shockley Assistant Controller
Mohammed Hussainali

Board of Directors

Name (plus bio) Position
John F. Schwalbe Chairman
Peter H. Blum Non-Executive Chairman of the Board
Randal Dean Lewis Board of Directors
Robert John Albers Board of Directors

As Chief Executive Officer and President Mr. Mitcham was elected to the board in 1987, and has over 28 years experience in the geophysical industry. From 1979 to 1987, he served in various management capacities with Mitcham Associates, Inc., an unrelated geophysical equipment leasing company and from 1975 to 1979, Mr. Mitcham served in various field capacities with Halliburton Services, primarily in oilfield services.

Organization Position Status
Mitcham Industries, Inc. Director, President and Chief Executive Officer Current
Mitcham Industries, Inc. Board of Directors Current

Organization Position Status
Mitcham Industries, Inc. CFO & Executive Vice President, Finance Current
Mitcham Industries, Inc. CFO & Executive Vice President, Finance Current

Mr. Capps elected to the board in 2004 and was the Executive Vice President and Chief Financial Officer of TeraForce Technology Corporation from July 1999 until June 2006. Mr. Capps also held the position of Executive Vice President and Chief Financial Officer of Dynamex Inc. and the Hadson Corporation. Mr. Capps is a Certified Public Accountant, was formerly with Arthur Young & Co., and holds a Bachelor of Accountancy degree form the University of Oklahoma.

Organization Position Status
Mitcham Industries, Inc. Executive Vice President, Finance and Chief Financial Officer Current
Mitcham Industries, Inc. Vice President of Business Development Current
Mitcham Industries, Inc. Director Current
Hadson Chief Financial Officer Former
Teraforce Technology Corp Chief Financial Officer Former
Hadson Executive Vice President Former
Teraforce Technology Corp Executive Vice President Former
Arthur Young, Inc. Former
The University of Oklahoma Bachelor of Accountancy Degree Former

Roberto Rios, Chief Financial Officer , has over 26 years in corporate finance and accounting most recently as Sr. Director of Finance and Controller at Ilex Oncology, Inc. (now Genzyme). As Chief Financial Officer at Mitcham Industries, Inc. he directed an IPO and two secondary offerings raising $60M in capital. He brings a background in accounting, finance, budgeting, forecasting, business analysis and operations, contract review, negotiation and merger and acquisition analysis to strengthen BME's senior team. He is a 1979 graduate of the School of Business at the University of Texas at Austin and joined BME in October of 2005.

Organization Position Status
Mitcham Industries, Inc. Chief Financial Officer Current
Bme Chief Financial Officer Current
ILEX Oncology, Inc. Controller Current
Genzyme Corporation Controller Former

Organization Position Status
Mitcham Industries, Inc. Executive Vice President of Business Development Current
Mitcham Corp Current
Mitcham Industries, Inc. Vice President of Business Development Current

Mr. Malden has 30 years experience in the geophysical industry. From 1993-2003, he served in various management capacities with several seismic equipment manufacturers, most notably Syntron, Inc. From 1975-1993, Mr. Malden served in various field and management capacities with Geophysical Service Inc./Halliburton Geophysical Services. Mr. Malden holds a Bachelor of Science degree in Marine Geology from Long Island University.

Organization Position Status
Mitcham Industries, Inc. Vice President, Marine Systems Current
Mitcham Industries, Inc. Plant Manager Current

Organization Position Status
Mitcham Industries, Inc. Vice President, Business Development Current

Organization Position Status
Mitcham Industries, Inc. Vice President of Business Development Current
Geo Space, LP Senior Sales Representative Former

Organization Position Status
Mitcham Industries, Inc. Partner Current

Organization Position Status
Mitcham Industries, Inc. Ten Percent Owner Current

Organization Position Status
Mitcham Industries, Inc. Assistant Controller Current

Organization Position Status
Mitcham Industries, Inc. Assistant Controller Current

Organization Position Status
Mitcham Industries, Inc. Current

Organization Position Status
Mitcham Industries, Inc. Chairman Current
Mitcham Industries, Inc. Director Current
Midwestern University Bachelor of Business Administration Degree Former

Organization Position Status
Ladenburg Thalmann & Co., Inc. Senior Managing Director Current
Ladenburg Thalmann & Co., Inc. Head of Capital Markets Current
Mitcham Industries, Inc. Non-Executive Chairman of the Board Current
Ladenburg Thalmann & Co., Inc. Vice Chairman Current
Arthur Young, Inc. Former
Mitcham Industries, Inc. Board of Directors Former

Elected as a Director in November 1994, Mr. Lewis is the Dean of the Business School at Sam Houston State University and has served in this capacity since October 1995. From 1987 to October 1995, Mr. Lewis was the Associate Dean and Professor of marketing at Sam Houston State University. Prior to 1987, Mr. Lewis held a number of executive positions in the banking and finance industries.

Organization Position Status
Mitcham Industries, Inc. Board of Directors Current
Sam Houston State University Professor of Marketing Former

Organization Position Status
Mitcham Industries, Inc. Board of Directors Current
Eage Board of Directors Current
Society of Exploration Geophysicists Board of Directors Current
Sercel Inc Executive Vice President Former
Geo-Source Inc. Former
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     MIND $7.10 -0.02 (-0.28% )
Average Volume 43,488
Shares Outstanding 9.81M
Market Cap 69.7M
Year High 8.43
Year Low 2.32
Earnings Per Share 0.21
P/E Ratio 33.81
Dividend N/A
Yield N/A
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