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FFI

 
Hoover's Profile: Fortune Industries, Inc.
(NYSE Alternext:FFI)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
Fortune Industries, Inc.
6402 Corporate Dr.
Indianapolis, IN 46278
IN Tel. 317-532-1374
Fax 317-235-1011

Type: Public
On the web: http://www.fdvi.net
Employees: 464
Employee growth: (7.8%)

Once a holding company owning several diversified businesses, Fortune Industries now seeks its fortune as a PEO. As a professional employer organization (PEO), Fortune Industries provides outsourced human resource services to small and midsized businesses (1 to 1,000 employees) in such areas as HR management, payroll, benefits, and tax processing. In order to focus solely on its PEO operations, in late 2008 the company divested subsidiary J.H. Drew, which made roadway guardrails and structural steel for commercial buildings, and a wireless infrastructure unit that catered to the telecommunications industry. In conjunction with the refocus, the company is changing its name to Fortune Employer Solutions.

Key numbers for fiscal year ending August, 2008:
Sales: $158.4M
One year growth: 0.0%
Net income: ($19.0)M

Officers:
Chairman and Treasurer: Carter M. Fortune
President, CEO, and Director: John F. Fisbeck
President: Tena Mayberry

Competitors:
Administaff
ADP
Gevity HR

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