Document DDm4MjdVN06zM2Bae4pKXY4aa

Garlock Garlock Inc. 1250 Midtown Tower Rochester, New York 14604 FACT SHEET May 7, 1975 HEADQUARTERS 1250 Midtown Tower, Rochester, New York 14604 FOUNDED 1887. Incorporated 1905 LISTED New York Stock Exchange - Symbol: GAK FINANCIAL INFORMATION (Fiscal year ends on last Sunday of the calendar year) 1974 1973 1972 1971 1970 Net Sales* $151,168 $126,022 $105,159 $87,650 $78,533 Net Income* 6,430 5,592 4,513 3,925 3,597 Earnings per share 2.70 2.35 1.90 1.72 1.73 Dividends paid per share .86 .84 .81 .80 .80 Shareholders' equity per share 21.05 19.20 17.69 16.65 15.72 Thousands of dollars CURRENT DATA (as of December 29, 1974) Shareholders: 5,060 Employees: 5,868 Common Stock: 5,000,000 shares authorized. 2,377,000 shares outstanding. Present Dividend Rate 88C annually. (Dividend payments have been uninterrupted since incorporation in 1905.) PRINCIPAL OFFICERS A. J. Me Mullen B. H. Cook J. J. Grady D. J. Camille J. E. Brennan W. R. Bow G. P. Wiess P. S. Hanke K. W. Smith R. E. Jeffery Chairman and Chief Executive Officer President and Chief Operating Officer Group Vice President - Finance Group Vice President ' Group Vice President Group Vice President Vice President Secretary and General Counsel Treasurer Controller 2 SALES BY MARKETS SERVED Garlock sells annually to over 35,000 domestic and foreign customers which represent almost every industry. The following breakdown of sales for the past five fiscal years is according to industry clas sifications of the U. S. Department of Commerce: Distributors*............................................... Machinery.......................................................... (Other than categories below) 1974 26% 15% 1973 24% 18% 1972 23% 16% 1971 25% 19% 1970 23% 22% Transportation Equipment................. (Other than categories below) 19% 16% 18% 13% 11% Passenger Cars............................................ 8% 11% 14% 13% 10% Pumps & Compressors............................... 11% 10% 10% 10% 10% Stone, Clay, and Glass....................... 4% 4% 4% 4% 5% Instruments..................................................... 2% 2% 2% 2% 3% Material Handling Equipment.... Primary Metals......................................... Fabricated Metal Products.............. 1% 1% 1% 2% 2% 1% 2% 2% 2% 2% 1% 2% 2% 2% 2% Chemicals & Petrochemicals............ Government & Defense............................ All other.......................................................... 3% 2% 2% 2% 2% 1% 1% 1% 1% 2% 8% 7% 5% 5% 6% TOTAL 100% 100% 100% 100% 100% Resold to many industry classifications. TYPICAL USERS Typical users of Garlock components are the following industries: Aircraft Appliances . Automobile Chemical Construction Equipment Electronics Farm Equipment Food Processing Government Marine Machinery Metal Working Missiles Paper Petroleum Railroad Steel Trucking -3- MAJOR PRODUCTS Garlock has technological and manufacturing ability in rubber, metal, textiles, leather and plastics, with the following components engi neered to specification: Plastic-based bearings Fluorocarbon butterfly valves Compressor and engine valves Piston rings (TFE) Metal packings TFE resins Hydraulic-pneumatic cylinders Boosters and tandem cylinders Fluid power systems Hydraulic presses industrial coatings packings Gasketing Engineered molded/extruded rubber goods Mechanical seals Flexible expansion joints Hydraulic/pneumatic seals Hub seals for heavy-duty trucks and trailers Noise-abating mufflers for diesel engines Custom and universal oil seals for automotive, railroad, mining and other industrial equipment Leaf springs for trucks PRINCIPAL INTERNATIONAL MARKETING FACILITIES* Australia Victor Engineering Pty, Ltd. , Sydney Great Britain Garlock (Great Britain) Ltd. , Newbury Japan Garlock, S.A., Tokyo Mexico Netherlands Spain Louis Mulas, Sues., S.A., Mexico City Garlock Benelux B.V., Sliedrecht Garlock, S.A., Barcelona Switzerland United States Garlock A.G., Winterthur Garlock, S.A., Zurich Garlock International, Inc., Palmyra, West Germany Garlock GmbH, Dusseldorf Through exports from factories in the United States and through manufacturing operations in seven countries outside the U.S., Garlock sells engineered components and products in more than 80 countries. Primary marketing facilities are in eight coun tries, and these facilities are supplemented by independent distributors around the world. 4 MANUFACTURING FACILITIES IN THE UNITED STATES Sa.Ft. Mechanical Rubber Division Palmyra, N.Y. Sodus, N.Y. 700,000 42,000 Precision Seal Division Gastonia, N.C. Newark, N.Y. 100,000 14,000 Plastics Division Camden, N.J. 63,000 France Products Division Philadelphia, pa. Odessa, Texas Newtown, Pa. 48,000 24,000 24,000 Coatings Division Austin, Texas 15,000 Stemco Manufacturing Co., Inc. Longview, Texas 170,000 Ortman-Miller Division Hammond, Ind. Plastomer Division Newtown, Pa. Bearings Division Cherry Hill, N.J. Spring Products Bristol, Conn. Mechanical Seal Division Houston, Texas Service Spring Company Indianapolis, Ind. Skeeter Products Kilgore, Texas Sa.Ft 73,000 27,000 16,000 5,000 6,000 52,000 80,000 MANUFACTURING FACILITIES IN OTHER COUNTRIES Australia Victor Engineering Pty, Ltd. Sydney 18,000 Belgium Liard S.A. Roux 18,000 Canada France Garlock of Canada Ltd. Toronto, Ontario France Packing of Canada Ltd. Brantford, Ontario Fluid Power Ltd. Toronto, Ontario Amiante de Sherbrooke Sherbrooke, Quebec Chromex, S.A. Lardy Liard France S.A. Jeumont Mournex 100,000 15.000 48.000 38.000 62.000 4.000 5.000 Great Britain Woodville Rubber Co., Ltd Ross-on-Wye Burton-on-Trent 104,000 45,000 Japan Arai Seisakusho Company, Ltd. Tokyo Tsukuba (affiliate) 41.000 53.000 Mexico Garlock de Mexico, S.A. Mexico City 102,000 Netherlands Omero B.V. Sliedrecht 13.000 Spain Manufacturas E.R.I.C.A., S.A. Barcelona 58,000