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Bangor Punta Corporation 1976 Annual Report

Front Cover, Bangor Punt Annual Report for the Year Ended 30 September 1976.

Front Cover, Bangor Punt Annual Report for the Year Ended 30 September 1976. GGA Image ID # 15d50fec39

1976 Annual Report of the defunct corporation, Bangor Punta - a diversified conglomerate that owned Piper Aviation, Smith & Wesson, Cal Yachts, Jensen Marine, Luhrs Marine Group and many others.

Bangor Punta Corporation FY 1976 Highlights from 1976 Annual Report.

Bangor Punta Corporation FY 1976 Highlights

Bangor Punta is a diversified enterprise engaged in the manufacture, sale and distribution of and the furnishing of services related to: Recreational and Leisure Time Products, Sporting and Law Enforcement Products. Agrcultural Products, and Industrial Products.

First Page of the Letter to Shareholders of the Bangor Punta Corporation by David W. Wallace, Chairman of the Board and President, 10 December 1976.

Letter to Shareholders, Bangor Punta Corporation, FY 1976

Fiscal 1977 holds promise of being a better year than 1976. However, as we have seen, decisions of the federal government in the areas of agriculture, law enforcement, foreign trade, taxes and other economic policies could have far-reaching effects on the future of our corporation and the nation.

Recreational and Leisure Time Products Division of the Bangor Punta Corporation for FY 1976.

Recreational & Leisure Time Products - BP Corporation FY 1976

Bangor Punta's Recreational and Leisure Time Products Group is one of the leisure time industry's leading innovators in product development and consumer marketing. Its broad product line includes camping trailers, travel trailers, mini-motorhomes, sailboats, fishing boats, aluminum and fiberglass runabouts and cruisers.

Sporting and Law Enforcement Products Division of the Bangor Punta Corporation

Sporting and Law Enforcement Products - BP Corporation FY 1976

In 1965, when Smith & Wesson was acquired by Bangor Punta, the company was primarily a manufacturer of handguns and handcuffs. Thereafter, Smith & Wesson diversified its product base by acquiring Lake Erie Chemical Company — a manufacturer of tear gas munitions, General Ordnance Equipment Company — the originator and manufacturer of Chemical Mace non-lethal weapons, and Stephenson Corporation — manufacturer of Breathalyzer blood-alcohol analyzers.

Industrial Products Group of the Bangor Punta Corporation

Industrial Products - BP Corporation FY 1976

Bangor Punta's Industrial Products Group manufactures industrial ovens, related conveyor systems, industrial engine cooling systems and sheet metal bender machines through its divisions, O & M Manufacturing of Houston and FECO in Cleveland.

Agricultural Products Group Showing Graphic Inlay of Revenus and Profit Contributions for the Past Five Years (Fiscal Years 1972-1976).

Agricultural Products Group - BP Corporation FY 1976

From small beginnings in central California, Producers Cotton Oil Company has grown into a diversified complex of agricultural businesses, operating in the San Joaquin and Imperial Valleys of California and in Southern and Central Arizona.

General Aviation - Piper Aircraft - Bangor Punta Corporation

General Aviation - BP Corporation FY 1976

Piper Aircraft Corporation, headquartered in Lock Haven, Pennsylvania, sold more than $200 million of its twenty different models in the United States and in 92 foreign countries during 1976.

First Page of the Financial Review Section of the Fiscal Year 1976 Annual Report for the Bango Punta Corporation.

Financial Review - Bangor Punta Corporation - FY 1976

Net income, including Bangor Punta's 52.2% share of the net income of Piper Aircraft Corporation, increased sharply over 1975 to a record $13,217,000. Highlights of the income statement for both years follow.

First Page of the Financial Review Section of the Fiscal Year 1976 Annual Report for the Bango Punta Corporation.

Financial Review - Bangor Punta Corporation - FY 1976

Net income, including Bangor Punta's 52.2% share of the net income of Piper Aircraft Corporation, increased sharply over 1975 to a record $13,217,000. Highlights of the income statement for both years follow.

Bangor Punta Corporation Consolidated Summary of Operations for the Five Years Ended 30 September 1976

Consolidated Financial Statements - Bangor Punta Corporation - FY 1976

Consolidated Summary of Operations and Revenues and Profit Contribution of Continuing Operations by Line of Business for the Five Years Ended 30 September 1972-1976. Consolidated Balance Sheet and Statement of Income, Consolidated Statement of Shareholders' Equity and Consolidated Statement of Changes in Financial Position for the Years Ended 30 September 1976 and 1975.

Bangor Punta Corporation Managements Discussion and Analysis of the Summary of Operation for the Fiscal Years Ended 30 September 1976 and 1975.

Management Discussion and Analysis of the Summary of Operations FY 1976 vs. 1975

Net income of $13,217,000 in 1976 was 40% higher than last year, and primary earnings per share rose to $2.84 from $1.99. The Recreational and Leisure Time and Sporting and Law Enforcement Groups recorded increased shipments and earnings. Interest expense declined 28% from 1975.

Page 1 (32) of 8, Bangor Punta Corporation Notes to Consolidated Financial Statements for Fiscal Years Ended 30 September 1976 and 1975.

Notes to Consolidated Financial Statements - BP Corporation FY 1976

The consolidated financial statements include the accounts of Bangor Punta Corporation (the Company) and its subsidiaries (Bangor Punta). except for Prodco Finance Company (Prodco) and Piper Aircraft Corporation (Piper).

Report of Certified Public Accountants Peat, Marwick, Mitchell & Co., Provided to the Bangor Punta Corporation, Pertaining to their Fiscal Year 1976 Financial Statements.

Report of Certified Public Accounts, Bangor Punta FY 1976

Report of Certified Public Accountants Peat, Marwick, Mitchell & Co., Provided to the Bangor Punta Corporation, Pertaining to their Fiscal Year 1976 Financial Statements. It was an Example of a Qualified Option.

Piper Aircraft Corporation Colidated Balance Sheet for the Fiscal Years Ended 30 September 1976 and 1975.

Piper Aircraft Corporation Financial Statements and Accompanying Notes for the Fiscal Years Ended 30 September 1976 and 1975

The consolidated statements include all the Company's subsidiaries except one insignificant foreign subsidiary. All intercompany accounts and transactions are eliminated.

Listing of the Bangor Punta Board of Directors, Officers, Executive Offices, ad Corporate Information from the Inside Back Cover of the 1976 Annual Report.

Bangor Punta Board of Directors, Officers, Executive Offices, Etc.

Listing of the Bangor Punta Board of Directors, Officers, Executive Offices, Ad Corporate Information From the Inside Back Cover of the 1976 Annual Report. Also Includes Information About Their 1976 Annual Meeting and Information About Their SEC Form 10-K.

 

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Bangor Punta Era

The Bangor Punta era, lasted approximately twenty years -- from 1964 to 1984.

History will likely remember the company for its tenacity in pursuing acquisitions; their high-profile corporate executives; and, two United States Supreme Court cases that the company was involved in during its short life span.

Nostalgic History

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