Scott s Liquid Gold inc (SLGD) |
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Scott S Liquid Gold Inc's Suppliers Performance
SLGD's Supply Chain
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SLGD Costs vs Sales of Suppliers Growth |
Revenues of Scott S Liquid Gold Inc's Suppliers, deteriorated by -24.09 % compared to the same quarter a year ago, from the previous quarter, sales fell by -17.05 %, Scott S Liquid Gold Inc's cost of sales deteriorated by -76.59 % year on year, relative to one quarter ago cost of sales fell by -33.01 % in Q3.
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Scott S Liquid Gold Inc's Suppliers realized a deteriorated in sales by -24.09 % compared to the same quarter a year ago, from the previous quarter, sales fell by -17.05 %, Scott S Liquid Gold Inc's cost of sales deteriorated by -76.59 % year on year, compare to one quarter ago cost of sales fell by -33.01 % in Q3.
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News about Scott s Liquid Gold inc Contracts |
Scott S Liquid Gold Inc's Comment on Supply Chain
We owned all of our manufacturing facilities until February 1, 2013, when we
sold the facilities and entered into a lease with the new owner for a portion
of the facilities. Please see Note 10 to our Consolidated Financial Statements
in Item 8 for information on our leasing back certain of the manufacturing facilities
that we sold. We own and operate all of our manufacturing equipment. We manufacture
all of our products with the exception of the following products: (1) those
products for which we act as a distributor; and (2) our Scott’s Liquid
Gold® Dust ’N Go wipes. For all of our products, we must maintain
sufficient inventories to ship most orders as they are received.
Quality control is enforced at all stages of production, as well as upon the
receipt of raw materials from suppliers. Raw materials are purchased from a
number of suppliers and, at the present time, are readily available. However,
we do not have long term contracts with our suppliers and any contracts we do
have with suppliers may be terminated at any time. Our sole supplier for the
oxygenated oil used in our Neoteric Diabetic® Healing Cream product is a
French company with which we have a non-exclusive supply agreement. In addition,
we have sole suppliers for two of the polymers used in our Scott’s Liquid
Gold® Floor Restore product. We believe that we have good relationships
with all of our suppliers.
Most of our manufacturing operations, including most packaging, are highly automated,
and, as a result, our manufacturing operations are not labor intensive, nor,
for the most part, do they involve extensive training. We currently operate
on a one-shift basis. Our manufacturing facilities are capable of producing
substantially larger quantities of our products without any expansion, and,
for that reason, we believe that our physical plant facilities are adequate
for the foreseeable future.
In 2001, our wholly-owned subsidiary, Neoteric Cosmetics, Inc. (“Neoteric”),
commenced purchases of skin care sachets from Montagne Jeunesse under a distributorship
agreement covering the United States. Pursuant to our distribution agreement
with Montagne Jeunesse that became effective on September 15, 2014, we continue
as the exclusive distributor to market and sell Montagne Jeunesse’s skin
care sachets in the United States. The initial term of the distribution agreement
with Montagne Jeunesse expires on September 15, 2017 and automatically renews
for two year terms, unless terminated at the end of any such term upon six months
prior notice.
Under the terms of the agreement, Neoteric agreed, among other things: (1) not
to distribute during the duration of the agreement any goods of the same description
as and which compete with the Montagne Jeunesse products; (2) to use our commercially
reasonable endeavors to develop, promote and sell the products in the United
States and to expand the sale of the products to all potential purchasers by
all reasonable and proper means; (3) to purchase certain core products; and
(4) to maintain an inventory of the products for our own account for sale of
these products throughout the United States. Montagne Jeunesse agreed to use
commercially reasonable efforts to meet all of our orders for the products.
The initial pricing terms for the products were negotiated with Montagne Jeunesse.
Any changes to the prices must be mutually agreed to by both parties and must
be agreed to at least six months in advance. Neoteric may not assign or transfer
any rights or obligations under the agreement or subcontract the performance
of any obligation.
Under our new distribution agreement with Church & Dwight that became effective
on January 1, 2015, we are the exclusive distributor of Batiste Dry Shampoo
products in the specialty retailer channel in the United States. The specialty
retailer channel includes primarily beauty supply stores, such as Ulta, our
largest customer, apparel retailers, department stores, hair salons and distributors
to hair salons. Church & Dwight retained the rights to sell Batiste products
to the remainder of the market in the United States.
The agreement provides that we will not be permitted to manufacture, distribute
or sell any products that are competitive with Batiste Dry Shampoo products.
The initial pricing terms for the Batiste products were negotiated with Church
& Dwight, but may be increased by Church & Dwight at any time upon 90
days’ prior written notice of any price increase. The initial term of
the agreement runs through December 31, 2016 and will automatically renew for
successive one year terms until it is terminated by either party upon 120 days’
prior written notice.
Scott S Liquid Gold Inc's Comment on Supply Chain
We owned all of our manufacturing facilities until February 1, 2013, when we
sold the facilities and entered into a lease with the new owner for a portion
of the facilities. Please see Note 10 to our Consolidated Financial Statements
in Item 8 for information on our leasing back certain of the manufacturing facilities
that we sold. We own and operate all of our manufacturing equipment. We manufacture
all of our products with the exception of the following products: (1) those
products for which we act as a distributor; and (2) our Scott’s Liquid
Gold® Dust ’N Go wipes. For all of our products, we must maintain
sufficient inventories to ship most orders as they are received.
Quality control is enforced at all stages of production, as well as upon the
receipt of raw materials from suppliers. Raw materials are purchased from a
number of suppliers and, at the present time, are readily available. However,
we do not have long term contracts with our suppliers and any contracts we do
have with suppliers may be terminated at any time. Our sole supplier for the
oxygenated oil used in our Neoteric Diabetic® Healing Cream product is a
French company with which we have a non-exclusive supply agreement. In addition,
we have sole suppliers for two of the polymers used in our Scott’s Liquid
Gold® Floor Restore product. We believe that we have good relationships
with all of our suppliers.
Most of our manufacturing operations, including most packaging, are highly automated,
and, as a result, our manufacturing operations are not labor intensive, nor,
for the most part, do they involve extensive training. We currently operate
on a one-shift basis. Our manufacturing facilities are capable of producing
substantially larger quantities of our products without any expansion, and,
for that reason, we believe that our physical plant facilities are adequate
for the foreseeable future.
In 2001, our wholly-owned subsidiary, Neoteric Cosmetics, Inc. (“Neoteric”),
commenced purchases of skin care sachets from Montagne Jeunesse under a distributorship
agreement covering the United States. Pursuant to our distribution agreement
with Montagne Jeunesse that became effective on September 15, 2014, we continue
as the exclusive distributor to market and sell Montagne Jeunesse’s skin
care sachets in the United States. The initial term of the distribution agreement
with Montagne Jeunesse expires on September 15, 2017 and automatically renews
for two year terms, unless terminated at the end of any such term upon six months
prior notice.
Under the terms of the agreement, Neoteric agreed, among other things: (1) not
to distribute during the duration of the agreement any goods of the same description
as and which compete with the Montagne Jeunesse products; (2) to use our commercially
reasonable endeavors to develop, promote and sell the products in the United
States and to expand the sale of the products to all potential purchasers by
all reasonable and proper means; (3) to purchase certain core products; and
(4) to maintain an inventory of the products for our own account for sale of
these products throughout the United States. Montagne Jeunesse agreed to use
commercially reasonable efforts to meet all of our orders for the products.
The initial pricing terms for the products were negotiated with Montagne Jeunesse.
Any changes to the prices must be mutually agreed to by both parties and must
be agreed to at least six months in advance. Neoteric may not assign or transfer
any rights or obligations under the agreement or subcontract the performance
of any obligation.
Under our new distribution agreement with Church & Dwight that became effective
on January 1, 2015, we are the exclusive distributor of Batiste Dry Shampoo
products in the specialty retailer channel in the United States. The specialty
retailer channel includes primarily beauty supply stores, such as Ulta, our
largest customer, apparel retailers, department stores, hair salons and distributors
to hair salons. Church & Dwight retained the rights to sell Batiste products
to the remainder of the market in the United States.
The agreement provides that we will not be permitted to manufacture, distribute
or sell any products that are competitive with Batiste Dry Shampoo products.
The initial pricing terms for the Batiste products were negotiated with Church
& Dwight, but may be increased by Church & Dwight at any time upon 90
days’ prior written notice of any price increase. The initial term of
the agreement runs through December 31, 2016 and will automatically renew for
successive one year terms until it is terminated by either party upon 120 days’
prior written notice.
SLGD's Suppliers Net profit fell by |
SLGD's Suppliers Net margin fell in Q3 to |
-28.91 % |
11.09 % |
SLGD's vs. Suppliers, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
Scott s Liquid Gold inc |
10.40 |
6.11 |
-0.41 |
67 |
Flotek Industries Inc |
-948.98 |
187.26 |
24.71 |
363 |
Flexible Solutions International Inc |
24.46 |
38.91 |
4.72 |
27 |
Dow Inc |
40,971.41 |
44,622.00 |
660.00 |
35,700 |
Eastman Chemical Co |
11,016.85 |
9,210.00 |
896.00 |
14,000 |
Occidental Petroleum Corporation |
76,099.28 |
28,257.00 |
5,619.00 |
11,678 |
Ppg Industries Inc |
33,012.88 |
18,246.00 |
1,309.00 |
49,300 |
Lyondellbasell Industries N v |
32,783.57 |
39,063.00 |
1,902.00 |
19,100 |
Dupont De Nemours Inc |
33,043.50 |
12,068.00 |
462.00 |
28,000 |
Ecopetrol S a |
22,677.68 |
23,422.95 |
4,494.49 |
0 |
Illinois Tool Works Inc |
80,332.04 |
16,107.00 |
2,957.00 |
45,000 |
Fmc Corporation |
8,290.44 |
4,486.00 |
1,321.00 |
6,400 |
Ashland Inc |
5,129.73 |
2,191.00 |
178.00 |
11,000 |
Brady Corp |
2,847.00 |
1,336.26 |
188.30 |
6,560 |
Sonoco Products Company |
5,530.30 |
6,780.65 |
475.90 |
20,000 |
Ascent Industries Co |
108.95 |
280.25 |
-37.64 |
698 |
Sisecam Resources Lp |
501.53 |
763.80 |
136.50 |
0 |
Adm Tronics Unlimited Inc |
5.80 |
2.85 |
-0.72 |
21 |
Albemarle Corporation |
14,672.43 |
9,617.20 |
1,670.54 |
6,000 |
Cabot Corporation |
5,067.13 |
3,931.00 |
484.00 |
4,300 |
Celanese Corporation |
17,505.47 |
10,940.00 |
1,964.00 |
8,529 |
Gevo inc |
158.75 |
17.20 |
-66.22 |
74 |
W R Grace and co |
4,647.34 |
1,859.20 |
79.90 |
3,700 |
Huntsman Corporation |
4,481.21 |
6,111.00 |
153.00 |
15,000 |
Innospec Inc |
3,052.48 |
1,963.90 |
126.80 |
1,800 |
Kraton corp |
1,522.04 |
1,970.13 |
175.59 |
1,971 |
Quaker Chemical Corporation |
3,603.95 |
1,969.76 |
16.70 |
2,020 |
Newmarket Corporation |
5,988.16 |
2,697.51 |
388.86 |
1,998 |
Ingevity Corporation |
1,629.72 |
1,691.90 |
-5.40 |
1,500 |
Olin Corporation |
7,508.87 |
6,833.00 |
452.00 |
6,400 |
Rpm International Inc |
15,005.22 |
6,467.85 |
449.53 |
13,394 |
Stepan Company |
1,966.02 |
2,419.82 |
52.23 |
2,073 |
Sensient Technologies Corp |
2,912.12 |
1,456.45 |
93.39 |
4,083 |
Westlake Corporation |
19,003.35 |
12,548.00 |
522.00 |
8,870 |
Westlake Chemical Partners Lp |
802.08 |
1,190.79 |
334.63 |
141 |
Advansix Inc |
735.59 |
1,533.60 |
54.62 |
1,340 |
Aptargroup Inc |
9,438.27 |
3,487.45 |
284.18 |
12,700 |
Berry Global Group Inc |
7,045.78 |
12,457.00 |
562.00 |
21,000 |
Avient Corporation |
3,733.01 |
3,142.50 |
76.20 |
0 |
Materion Corporation |
2,706.61 |
1,665.04 |
95.70 |
2,550 |
Tredegar Corporation |
173.21 |
999.02 |
-105.91 |
2,800 |
Unifi Inc |
103.25 |
583.10 |
-51.78 |
3,000 |
Trecora Resources |
231.52 |
301.32 |
8.99 |
310 |
Photronics Inc |
1,736.45 |
896.33 |
209.77 |
1,475 |
Viavi Solutions Inc |
2,203.71 |
1,006.40 |
-29.10 |
3,500 |
SUBTOTAL |
489,060.18 |
306,819.41 |
28,586.50 |
378,375 |
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