Quaker Fabric Corp (NASDAQ:QFAB)
Industry: Industrial Goods

Listed 3 Consecutive Market Days. On List as of 10/19/2006 Through 10/24/2006

Quaker Fabric Corporation (Quaker) is a designer, manufacturer and worldwide marketer of woven upholstery fabrics primarily for residential furniture, and a producer of Jacquard upholstery fabrics worldwide. Quaker is also a developer and manufacturer of specialty yarns, including a variety of chenille, taslan and spun products, which the Company both sells and uses in the production of its fabrics. Quaker's product line consists of over 5,000 traditional, contemporary, transitional and country-fabric patterns intended to meet the styling and design, color, texture, quality and pricing requirements of promotional through middle- to higher-end furniture manufacturers. Additionally, the Company introduces over 1,000 products to the market annually. Quaker sells its upholstery fabrics to over 3,000 furniture manufacturers worldwide. It also distributes its fabrics internationally. During the year ended December 31, 2005, net fabric sales outside the United States represented approximately 14.4% of the Company's net fabric sales. The Company uses two tradenames in the marketing of its fabrics, Whitaker and Quaker. Quaker's Whitaker Collection, a branded line of a select group of the Company's better-end products, is intended to meet the design and construction requirements of middle- to higher-end furniture manufacturers and jobbers. The balance of the Company's fabrics carries the Quaker name. The Company markets certain fabrics intended to meet the design, construction and pricing needs of its promotional-end customers under its Davol brand name, but discontinued use of that name for its promotional products in 2005. Net fabric sales during 2005 accounted for approximately 90.3% of the Company's net sales. Fabric sales to the Company's top 25 customers accounted for approximately 44.4% of net fabric sales in 2005. Net foreign sales of fabric accounted for approximately 14.4% of Quaker's net fabric sales during 2005. Quaker designs, manufactures and markets several types of specialty yarns, including fancy spun, fancy twisted and chenille. Because of their softness, the specialty yarns produced by the Company and the fabrics made out of them are intended to be responsive to consumer demand for soft, casual home furnishings and accessories. Net yarn sales during 2005 accounted for approximately 9.7% of the Company's net sales. Its specialty yarns are sold under the name of Nortex Yarns to craft yarn distributors and manufacturers of home furnishings products, principally weavers of upholstery fabric, throws, afghans and other products. It has approximately 60 yarn customers. Sales to one craft yarn customer represent more than 75% of the Company's yarn sales.

Current Quote*
Last: $Unk
Change: 0.000
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As Of: 10/07 00:00 ET
*Quotes delayed by 20min.

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