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This profile was last updated on 12/11/10  and contains information from public web pages.
 
Background

Employment History

101 Total References
Web References
Jacuzzi is actually a brand of ...
www.jacuzzireview.com, 1 Feb 2011 [cached]
Jacuzzi is actually a brand of Hot Tubs.
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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.
Jacuzzis at Oyster Pools
www.oysterpools.co.uk, 11 Dec 2010 [cached]
Roy Jacuzzi, the current Chairman of Jacuzzi Inc, was raised in northern California, where as a young boy he held a variety of odd jobs for the then family owned and operated company. In 1968 he officially joined the family business, then engaged in manufacturing pumps for agricultural use, as head of the Research Division.
Roy Jacuzzi Sensing the American trend toward health and fitness, Roy took Candido Jacuzzi Hydrotherapy pump abd developed and marketed the world's first fully integrated whirlpool bath in 1968. Now considered a legendary marriage of consumer insight and technology, the whirlpool bath was not always a mainstay in new home construction and re-modelling Creating an industry from the ground-up wasn't exactly easy reflects Roy, "Initially, I sold the baths one at a time at county fairs and trade shows.
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, 15 Oct 2009 [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.
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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, 3 Aug 2004 [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.
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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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