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EXX Inc history
EXX Inc company history timeline
1899: Fitchburg Machine Works is incorporated.
The company acquired the plant and assets of Seneca Falls Manufacturing Company, Inc., based in Seneca Falls, New York, in 1924 and adopted the name Seneca Falls Machine Co.
In 1984 EXX's chairman and CEO, David A. Segal, was a director of SFM, owning 10 percent of the company's stock, when he decided to seek control of the business.
Thus, in October 1994, shareholders approved the merger of SFM Corp. with a new holding company named EXX Inc.
The new name was adopted in November 1994.
Sales of the Mighty Morphin Power Rangers continued to slide in 1996 and the company failed to sign any successful new licenses to fill the gap.
As a consequence EXX lost $223,000 in 1997 on sales of $22.3 million.
While the Mechanical Equipment Group was able to benefit to some extent from the Y2K phenomenon in 1999, sales for the year decreased, and the toy segment continued to flounder.
In 1999 revenues improved to $21.2 million and net income grew to $2.5 million, or 19 cents per share.
In 2001 he controlled a large enough stake to gain a seat on the Newcor board and by the summer EXX-backed executives began to take over.
In 2003 the company posted sales of $135.5 million, compared with $16.2 million the year before.
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Zippia gives an in-depth look into the details of EXX Inc, including salaries, political affiliations, employee data, and more, in order to inform job seekers about EXX Inc. The employee data is based on information from people who have self-reported their past or current employments at EXX Inc. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by EXX Inc. The data presented on this page does not represent the view of EXX Inc and its employees or that of Zippia.
EXX Inc may also be known as or be related to EXX, EXX INC and EXX Inc.