| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Onix Systems, Inc. |
| 22001 North Park Drive, Kingwood, TX 77339 * (281) 348-1111 |
| ONIX Systems Inc. designs, develops, markets and services sophisticated field measurement instruments and on-line sensors. |
| Manager | Tier | Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 371-0641 |
| Gruntal & Co | Co-manager | (212) 225-4334 |
| Lazard Freres & Co. | Co-manager | (212) 632-6717 |
| AMEX: | ONX | Manufacturing: | SIC 3823 | |
| Type of Shares: | Common Shares | Filing Date: | 1/30/98 | |
| U.S. Shares: | 3,000,000 | Offer Date: | 3/24/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $13.50 - $15.50 | |
| Primary Shares: | 3,000,000 | Offer Price: | $14.50 | |
| Secondary Shares: | 0 | Gross Spread: | $1.01 | |
| Offering Amount: | $43,500,000 | Selling: | $0.60 | |
| Expenses: | $0 | Reallowance: | $0.10 | |
| Post-IPO Shares: | - | |||
| Spin out parent firm: | Thermo Electron Corporation | |||
| Employees: | 845 | |||
| Issuer's Law Firm: | General Counsel |
| Bank's Law Firm: | Testa, Hurwitz & Thibeault |
| Registrar/Transfer Agent: | American Stock Transfer & Trust Co |
| Auditor: | Arthur Andersen |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/97 | 1/3/98 | ||||
| Revenue: | $121.53 | Assets: | $159.71 | ||
| Net Income: | $8.80 | Curr Assets: | $95.04 | ||
| EPS: | $0.77 | Liabilities: | $54.77 | ||
| Prior EPS: | $0.44 | Curr Liab: | $53.09 | ||
| Cash Flow/Oper: | $13.32 | Equity: | $104.94 | ||
| Cash Flow/Fin: | $21.09 | Cash: | $24.96 | ||
| Cash Flow/Inv: | -$11.29 | Working Cap: | $41.95 | ||
| Competition |
| The Company believes that its ability to compete successfully in the market for field measurement instruments and sensors depends upon a number of factors both within and beyond its control, including quality and reliability; technical features; accuracy; ease of use; product pricing; reputation for aftermarket service; timing of new product releases and enhancements by the Company and its competitors; name recognition; the establishment of strategic alliances; and industry and general economic trends. In addition, the Company competes with companies utilizing competing technologies that may be viewed as cost-effective alternatives to the technologies incorporated into the Company's products. The field measurement instruments and sensors market segment of the process control market is highly fragmented and intensely competitive, and the Company expects competition to continue to increase. The Company competes with a few large competitors, including Fisher-Rosemount, a division of Emerson Electric Co., Inc., Elsag-Bailey Process Automation N.V., affiliates of ABB Asea Brown Boveri (Holding) Ltd. and Yokokawa Electric Corporation, in each of its product areas and with many companies within specific industries. As the technologies utilized within the process measurement industry continue to develop, the Company expects to face increasing competition in the future from emerging competitors. |
| Business Plan |
| The Company's objectives are to be a leading provider of field measurement instruments and on-line sensors used in targeted industries within the process control market and to expand the scope of its addressed markets within the field measurement instruments and sensors market segment, while continuing to improve its financial performance. The Company intends to achieve these objectives through the implementation of the following key strategies: (I) Broaden Technological Leadership and Product Offerings; (ii) Maintain Market Focus; (iii) Pursue Acquisitions and Strategic Relationships; (iv) Expand into New Geographic Markets and (v) Expand Experienced Service and Support Organization. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of certain debt obligations to Thermo Instrument and for general corporate purposes including acquisitions and research and development. |