CNN/Money  

Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.


 
COMPANY STATS
Intermagnetics
52 WEEK HI: 52 WEEK LO:
$22.20 $11.00
GET QUOTE
GROWTH
5-Year Revenue Growth 11%
5-Year Earnings Growth 37%
VALUATION
Market Cap (mil) $339
P/E (past year) 23.4
Price/sales 2.31
MANAGEMENT STRENGTH
Return on Equity 16.2%
Return on Capital 9.7%
Net Profit Margin 9.9%
Source: Thomson/Baseline,
as of 7/10/03

CEO OF THE WEEK: Jul 11, 2003
Glenn Epstein
Intermagnetics General, Chairman & CEO

Glenn Epstein runs a company that makes superconducting magnets used in magnetic resonance imaging (MRI) machines. Intermagnetics is one of the three companies in the world that makes this type of magnets. Since Epstein took office in June of 1999, the company has doubled its revenue and dramatically improved profitability. It resulted in the company's market capitalization increasing from less than $100 million to greater than $300 million.

Glenn Epstein: Bio and Career Highlights
Age: 45

Education: He received his M.B.A. from the University of Vermont, and subsequently completed the management program of the Institute European d'Administration des Affaires in Fontainbleau, France.

Resume: Began his engineering career in 1981 at General Electric, where he completed a curriculum under GE's well-known manufacturing management program. Right before joining Intermagnetics, Epstein was with Oxford Instruments. His most recent positions at Oxford included vice president of Oxford's superconducting materials division and president of its analytical instruments division.

Corporate Culture
Board of Directors: The Board is currently composed of seven members. Excluding Epstein, all six other board members are independent.

Stock options: The company's board of directors got rid of stock options with restricted stock units that convert to shares when profit targets are reached. If earnings-per-share growth hits 15 percent by end of 2007, approximately 15-to-20 of its senior managers will split a pot of 700,000 shares worth more than $11 million at current market prices. If earnings growth doesn't reach at least 8 percent, they won't get anything.

What I am most proud of
Says Epstein: "Our market has grown fairly consistently in the 10 percent range for many years." That consistent growth has resulted in four years of record earnings and revenue for Intermagnetics and a balance sheet with no debt and $80 million in cash.

Recent accomplishment
The Department of Energy has awarded Intermagnetics this week a $13 million contract for a project in Albany, N.Y., involving power transmission using superconductors.  Top of page
graphic
Previous CEOs of the Week:
08/01/03: Mark Kachur
Chairman and CEO of CUNO Inc.
07/25/03: Gregory Swienton
Chairman, President & CEO of Ryder System, Inc.
07/18/03: Harold 'Terry' McGraw III
The McGraw-Hill Companies' chairman, president, and CEO
07/11/03: Glenn Epstein
Intermagnetics General, Chairman & CEO
06/27/03: Ron Shaich
Panera Bread Company, Co-Founder, Chairman and Chief Executive Officer
06/20/03: George David
United Technologies, CEO and Chairman
06/13/03: Phil Francis
PETsMART Chairman and Chief Executive Officer
06/06/03: Bob Walter
Cardinal Health, Chairman and CEO
05/30/03: Bill McGill
MarineMax, CEO and Chairman of the Board
05/23/03: Art Collins
Medtronic, CEO and Chairman of the Board
graphic