May 21, 2013 10:02 PM ET

Oil, Gas and Consumable Fuels

Company Overview of The Elco Corporation

Company Overview

The Elco Corporation engages in the development, production, and sale of industrial lubricant additive packages and components, and chemicals. It offers antiwear hydraulic fluids, gear oils, metalworking products, grease, and ZDDP and sulfur corrosion inhibitors. The company’s lubricant additive solutions include sulfurized products, dithiophosphate chemicals, and other specialized products and lubricant packages for metalworking, fluid, grease, hydraulic oil, slideway lubricant, gear oil, and other industrial lubricant markets. Its chemical products include high purity hydrochloric acid used in the fabrication of computer chips and production of pharmaceutical intermediates, as well as in v...

Detailed Description

1000 Belt Line Street

Cleveland, OH 44109

United States

Founded in 1927

Phone:

216-749-2605

Fax:

216-749-7462

www.elcocorp.com

Key Executives for The Elco Corporation

The Elco Corporation does not have any Key Executives recorded.

The Elco Corporation Key Developments

The Elco Corporation Reports Consolidated Earnings Results for the Year Ended December 31, 2012
Apr 25 13

The Elco Corporation reported consolidated earnings results for the year ended December 31, 2012. For the period, the company reported sales of $43.4 million, $5.5 million lower than sales in the prior year and is largely due to the absence of tolling revenues in 2012, lower sales to a major customer, and overall sluggish industrial lubricant market activity in the second half of the year. The company's lower 2012 revenues resulted in pre-tax earnings of $8.7 million compared to $10.2 million generated in 2011. The company's EBITDA for 2012 was a solid $9.8 million. Detrex Corporation continued to invest in Elco during the year with capital expenditures of nearly $1.8 million to support its future growth initiatives by enhancing technical and production capabilities.

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