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2010-12-11T00:00:00.000Z

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Background Information

Employment History

President, Chairman and Chief Executive Officer

Jacuzzi Inc

Inventor

Jacuzzi Inc

Nonexecutive Chairman

Jacuzzi Inc

Web References (105 Total References)


Jacuzzi is actually a brand of ...

www.jacuzzireview.com [cached]

Jacuzzi is actually a brand of Hot Tubs.

...
Whirlpool is used in the same context as Jacuzzi. Both are brands of hot tubs.
A hot tub and a spa are actually the same, salesmen and consumers use both terms for the same thing. But sometimes Spa is used in a different context: a place to relax with lots of Jacuzzi's, Sauna's, etc...
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Jacuzzi's or Hot tubs became mainstream in 1960. Back then there was no hot tub like we know today, people used big wooden bowls and filled it with warm water. In 1968 Roy Jacuzzi invented the first hot tub, and founded the Jacuzzi company.


AQUA Online: Industry News

www.aquamagazine.com [cached]

Jacuzzi has announced a strategic realignment of its domestic spa business.Beginning in the first quarter of 2001, the dealer-based spa division of Jacuzzi Whirlpool Bath will be transitioned into the Sundance Spa organization, which Jacuzzi purchased in 1998.

Until now, Jacuzzi has marketed its spa line to mass merchants, such as Home Depot and Lowe's, offering basic, low-end models to homeowners.With the new transition, consumers will now be able to purchase high-end spa models through specialized retailers.
"We continually look at our core businesses to see where we can use our strengths in order to best serve our customer base," says Roy Jacuzzi, president, chairman and CEO of Jacuzzi."Jacuzzi Whirlpool Bath's expertise lies with large wholesalers and the mass merchant, while Sundance has built its business focusing on specialty retailers."
In addition to manufacturing and marketing the Jacuzzi premium Platinum and Select brand spas, Sundance will be creating new strategies and programs to help increase the dealer-based business. "We now have the unique ability to shift our companies and maximize the synergies," says Jacuzzi. According to Jacuzzi, dealers should benefit from the greater combined market share and additional purchasing power.
SPEC to Oppose Potential Anti-Entrapment Code Following the success of having vacuum operated shut-off valve legally required in Florida, Vac-Alert Industries, of Fort Pierce, Fla., is now pushing for similar anti-entrapment legislation in California for 2001.
Several months ago, Vac-Alert representatives met with the California Spa and Pool Industry Education Council (SPEC), California's industry watchdog group in Sacramento, and urged the association to take the lead in lobbying for passage of the new law.Instances of entrapment cases in Florida led Vac-Alert to lobby in California.


Quoting Roy Jacuzzi, ...

www.hot-tubs-jacuzzi-portugal.com [cached]

Quoting Roy Jacuzzi, chairman, CEO and president of Jacuzzi Inc. of California USA Roy said "A venturi system is a conventional approach," "What I did was take air and water all around that so I was getting a 300/60 air-to-water mixture. " I was actually taking the water and air combination ... and exploding that,"


In 1968, Roy Jacuzzi invented ...

www.bizaims.com [cached]

In 1968, Roy Jacuzzi invented and marketed the first self-contained, fully integrated whirlpool bath by incorporating jets into the sides of the tub. Jacuzzi ® is the trademarked name for the invention. The Jacuzzi trademark is shown in both the Oxford and Webster's dictionaries, recognizing Jacuzzi as the inventor of the whirlpool bath.

...
The pioneering spirit of the original Jacuzzi brothers was alive and well in third generation family member Roy Jacuzzi, who invented the world's first whirlpool bath in 1968. As a teenager, he started working in the family business in a variety of odd jobs, really learning how the business worked from the ground up. In 1968, his passion for design and engineering emerged when he invented and marketed the world's first fully integrated whirlpool bath, known as the Roman. Sensing that American consumers were moving toward an emphasis on health, fitness and leisure activities, the determined Jacuzzi peddled his invention one at a time at county fairs and trade shows. While his family members looked on with both surprise and delight, Roy slowly - and nearly single-handedly - created a brand new industry.


Smartmoney.com: This Week From Barron's: Hot Tubs, Hotter Stock

www.smartmoney.com [cached]

While the broad market largely has treaded water, Jacuzzi has rallied 120% to a high of 9.99, amid what Chairman and CEO 63-year-old David Clarke, calls "fabulous demand" for the company's products.

...
In the fiscal year ended last Sept. 30, Jacuzzi earned $10.1 million, or 14 cents a share, from continued operations, on sales of $1.19 billion.In fiscal 2004 the company, based in West Palm Beach, Fla., expects to net 52 cents a share.Analysts are forecasting 71 cents in fiscal '05, and as much as a dollar in fiscal '06.
Based on its current share price, Jacuzzi is selling for 50% of sales, 15 times this year's estimated earnings and 11 times next year's expected profits, a substantial discount to both the market and the company's anticipated growth rate.
Behind Wall Street's lofty profit forecasts are bubbling sales of Jacuzzi and Sundance bath products, which rose 21%, to $444 million, in the six months ended March 31.The bath-products unit accounts for 70% of revenue; industrial plumbing products, manufactured under the Eljer and Zurn names, chip in 23%, and Rexair, a direct marketer of vacuum-cleaning systems, contributes 9%.
According to the National Kitchen & Bath Association, an industry trade group, 580,000 jetted whirlpool tubs were installed in remodeled homes in the U.S. in 2003, up from 280,000 in 2001.Though Jacuzzi's very name is synonymous with the category, the company believes it controls 24% of the domestic market, compared with 20% for American Standard and 14% for Kohler.Jacuzzi's bath sales have been boosted in fiscal '04 by a new distribution agreement with Lowe's (LOW), the world's No. 2 home-improvement retailer, which named the company its 2003 Supplier of the Year in Home Decor.
Jacuzzi thinks Lowe's will sell at least 45,000 of the company's bath products through September.
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"We view our target price as conservative, given the significant earnings acceleration [Jacuzzi] should experience," he stated.
To be sure, a sharp jump in interest rates could cool home sales and curb the availability of refinancing for remodeling jobs, which would hurt Jacuzzi.
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As for its performance in a weakening economy, Jacuzzi already has proved its mettle.
The Jacuzzi whirlpool bath was invented in 1968 by Roy Jacuzzi, now Jacuzzi Brands' nonexecutive chairman, whose forebears developed a hydrotherapy pump to treat a family member's arthritis.Introduced at California's Orange County Fair, the brand grew up with a nation newly bent on health, fitness and recreation.Jacuzzi later became part of Britain's Hanson (HAN), only to be disgorged in 1995 as part of U.S. Industries, an industrial conglomerate.
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But unloading Rexair would deprive Jacuzzi of a reliable cash cow.
Jacuzzi may consider strategic acquisitions.

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