Baldor has made several small acquisitions, but the majority of its growth has come internally through broadening its markets and product lines. Baldor's motors and drives are designed, manufactured and marketed for general-purpose uses and to individual customer requirements and specifications. The products of the Company are marketed throughout the United States and in more than 60 foreign countries, principally in Canada, Mexico, Europe, Australia, the Far East and Latin America. The Company's field sales organization, comprised of independent manufacturer's representatives and Company sales personnel, consists of more than 51 groups, including 40 in North America. The remainder of the Company's representatives are located in other parts of the world.
Revenues reflect a decrease in sales.
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