Corporate Profile for RDO Equipment dated Dec. 18, 1998.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: December 18, 1998
Company Name: RDO Equipment Co.
Address: 2829 South University Drive
Fargo, ND 58103
Main Telephone
Number: 701/237-7363
Internet Home
Page Address
(URL) www.rdoequipment.com
Chairman and
Chief Executive
Officer: Ronald D. Offutt
President and
Chief Operating
Officer: Paul T. Horn
Chief Financial
Officer: Allan F. Knoll
Chief Administrative
Officer
and Treasurer: Richard J. Moen
Investor Relations
Contact: Richard J. Moen
701/297-4288
invest@rdoequipment
Public Relations
Contact: Richard J. Moen
701-297-4288
invest@rdoequipment.com
Trading Symbol/
Exchange: RDO: NYSE
Industry: Specialty retailer of agricultural, construction
and material handling equipment and trucks.
Company description: RDO (Remote Data Objects) A programming interface for data access from Microsoft. It is used in Visual Basic to access remote ODBC databases. See DAO, ADO, OLE DB and ODBC. Equipment Co. is one of the leading and fastest growing companies engaged in the restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). and consolidation of the equipment and truck retail industries in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . As of October 31, 1998, it operated 64 retail stores in ten states - Arizona, California, Iowa, Minnesota, Montana, Nebraska, North Dakota North Dakota, state in the N central United States. It is bordered by Minnesota, across the Red River of the North (E), South Dakota (S), Montana (W), and the Canadian provinces of Saskatchewan and Manitoba (N). , South Dakota South Dakota (dəkō`tə), state in the N central United States. It is bordered by North Dakota (N), Minnesota and Iowa (E), Nebraska (S), and Wyoming and Montana (W). , Texas and Washington - specializing in the distribution, sale, service, rental and finance of equipment and trucks to the agricultural, construction, manufacturing, transportation and warehousing industries, as well as to public service entities, government agencies and utilities. These operations include the largest network of John Deere agricultural equipment retail stores and construction equipment retail stores in the United States. RDO's revenues have grown at a compound annual rate of 35% from $71 million in fiscal 1992 to $429 million in fiscal 1998 (which ended January 31, 1998). The Company's growth has been due to acquisitions of equipment and truck retailers, increases in comparable store revenues, opening of additional retail locations, and implementation of the Company's operating model Operating Model is a term that is used in many contexts. In essence an operating model describes how an organization operates across both business and technology domains. The Operating Model describes what is important for the organization. . Revenues for the first nine months of fiscal 1999 (through October 31, 1998) were $428.4 million, an increase of 33.6% over the same period of the preceding fiscal year. In January 1997, RDO conducted its initial public offering consisting of 4.83 million shares of Class A Common Stock at $15.50 per share. Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. and Dain Rauscher Wessels managed the underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. . |
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