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Johnston Companies history
Johnston Companies company history timeline
It had net sales of $13.3 million in 1968, net income of $421,374, and total assets of $6.5 million.
Built in 1968, this was one of the first mills to make woven goods from 100 percent polyester.
In 1971 Geon made a second public offering of stock at $21 a share, compared to $6 a share for the initial offering.
In late 1973 Geon announced it had accepted in principle a cash offer of $36 million from Burmah Oil Co. to take over the company.
The rest of the company had sales of $8.8 million in 1976 and net operating profit of $1.1 million.
The company earned only $1.9 million, however, on sales of $118.9 million for fiscal 1990.
All the company mills but one were running three shifts a day, seven days a week, at the end of 1991. It also earned a tidy sum from a 37-percent stake in Jupiter Industries, a publicly traded venture-capital investment company acquired in 1990.
Johnston Industries' diversified sales, in 1991, consisted of 42 percent in home furnishings, 20 percent in coating and laminating, 12 percent in automotive, 11 percent in specialty-market industrial textiles, ten percent in apparel, and five percent in tufting and needle punch.
The firm rewarded investor confidence by earning $6.8 million on net sales of $138.3 million in fiscal 1992.
Johnston Industries struggled through some difficulties during fiscal 1994, when net income dropped to $6.5 million on sales volume of $159.9 million.
Jupiter National was merged into Johnston Industries in March 1996, but not without a struggle.
Tech Textiles, USA was renamed Johnston Industries Composite Reinforcements Inc. in 1996.
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Johnston Companies competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| IPSCO Tubulars Inc | 1985 | $1.9M | 50 | - |
| Mid Valley Glass | - | $2.2M | 24 | 1 |
| Norton Enterprises | - | $190.0M | 368 | 3 |
| Chapin International | 1884 | $50.1M | 200 | 1 |
| Franklin | 1970 | $140.0M | 750 | 189 |
| Public Service Company of Oklahoma | 1889 | $770.0M | 1,133 | - |
| Huron | 1943 | - | 3,250 | 12 |
| Healthy Home Company | 1997 | $680,000 | 50 | 66 |
| New Haven Moving Equipment | 1911 | $700,000 | 7 | 2 |
| PNA Holdings LLC | 1999 | $400.0M | 1,280 | - |
Johnston Companies history FAQs
Zippia gives an in-depth look into the details of Johnston Companies, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Johnston Companies. The employee data is based on information from people who have self-reported their past or current employments at Johnston Companies. 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 Johnston Companies. The data presented on this page does not represent the view of Johnston Companies and its employees or that of Zippia.
Johnston Companies may also be known as or be related to Johnston and Johnston Companies.