Financial Analysis of Budd Canada, Inc.

Paper Summary:

This paper examines the profitability, leverage and liability of Budd Canada, a company in the business of supplying automotive components, specializing in the production of bumpers, chassis components and light truck frames.

From the Paper:

"This general industry trends also touched Budd Canada. The Corporation reported a $94.2 million dollar net loss as of September 30, 2001. Budd had mixed results this year due to the need to ramp-up production on its new state-of-the-art system in order to meet customer demand. Typically, the introduction of new equipment produces a negative financial effect initially. The 2001 losses were anticipated however early losses were greater than anticipated and a new management team was put into place. Traditional product lines declined, as order shifted to newer product lines."

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