Samuel, Sons & Co.
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In the first quarter of 2012, Samuel & Sons Co. reported significant successes and ongoing challenges. Key highlights include a strong SAE performance with a target of 6.3M and the launch of the HAE Truck Load Program. However, the HAE TL Program experienced setbacks, falling short of expectations with a 138M rate. The Canadian market showed volatility due to competition from Niagara Machine and international rivals. Samuel's focus on equity, management collaboration, and market expansion aims to drive future growth.
Samuel, Sons & Co.
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Presentation Transcript
Samuel, Sons & Co. Chuck Bottke April 12, 2012
Samuel: Successes • SAE 1st quarter 1,821M – rate 7,284M (‘11 – 5,563M) ‘12 Target 6.3M • Laval TL Canadian Standards 1st quarter 202M rate 408M (‘11 – 263M) • HAE Truck Load Program Launched • Training Conducted at Majority of Branches + Corporate Procurement
Samuel: Successes • Excellent Equity with Top Management & Branches • Excellent Kaiser Partner - “Offers Any Business we can Produce” • Quarterly Reviews Established – Kaiser/Samuel Top Management
Samuel: Challenges • HAE TL Program Way Off Track with 1st quarter 138M - rate 552M (’11 - 1,035M) • Samuel 100% Kaiser and therefore no foreign or Massena to blend down cost • Massena selling Yarde & Hadco at lower than Kaiser to Samuel prices • They claim to be faced with single digit margins to compete
Samuel: Challanges • HAE TL Program Way Off Track 1st quarter (continued) • 2011 Market in Canada has been dramatically due to Niagara Machine & St. Catherine’s Machine (2MM potential now in China). Thyssen Canada has the Ultra Form with SAPA (6262) • Continue SAE Progress with Langley, BC & Laval, Quebec
Samuel: Challanges • FRP Contract (2x/7x/6x) Plate – Not Tracking • 2/7x Plate 1st quarter 1,859M – (booked 3,042M 4/1-8/31) (‘11 – 9,867M) – 8.5M Target • shipped + booked = 4,901M (3,599M to book & ship in ‘12) • 6061 Plate 1st quarter 1,701M – (booked 1,942M 4/1-8/31) (‘11 – 6,026M) – 9MM Target • Shipped + booked = 3,643M (5,357M to book & ship in ‘12)