About the Company
Koch Industries, Inc. ( KOHK) is an American multinational conglomerate corporation based in Wichita, Kansas, and is the second-largest privately held company in the United States, after Cargill. Its subsidiaries are involved in the manufacturing, refining, and distribution of petroleum, chemicals, energy, fiber, intermediates and polymers, minerals, fertilizer, pulp and paper, chemical technology equipment, cloud computing, finance, raw materials trading, and investments. Koch owns Flint Hills Resources, Georgia-Pacific, Guardian Industries, Infor, Invista, KBX, Koch Ag & Energy Solutions, Koch Engineered Solutions, Koch Investments Group, Koch Minerals & Trading, and Molex. The firm employs 122,000 people in 60 countries, with about half of its business in the United States. The company was founded by its namesake, Fred C. Koch, in 1940 after he developed an innovative crude oil refining process. Fred C. Koch died in 1967 and his majority interest in the company was split amongst his four sons. In June 1983, after a bitter legal and boardroom battle over the amount of dividends paid by the company, the stakes of Frederick R. Koch and William "Bill" Koch were bought out for $1.1 billion and Charles Koch and David Koch became majority owners in the company. Charles owns 42% of the company; trusts for the benefit of Elaine Tettemer Marshall (the daughter in-law of J. Howard Marshall) and Elaine's children, Preston Marshall and E. Pierce Marshall Jr., own 16% of the company. David Koch died on August 23, 2019, and his heirs own the remaining 42% balance of the corporation. Charles Koch has stated that the company would go public "over my dead body" and that the company has used its freedom from the pressures of public markets to make long-term investments and concentrate on growth.
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Latest $AIRI News
Air Industries Group (AIRI)
BAY SHORE, N.Y., April 01, 2024--Air Industries Group (NYSE American: AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors ...
Air Industries Group (AMEX:AIRI) Q4 2023 Earnings Call Transcript
Air Industries Group (AMEX:AIRI) Q4 2023 Earnings Call Transcript April 1, 2024 Air Industries Group isn't one of the 30 most ...
Air Industries Group Reports Preliminary Fourth Quarter and Full-Year 2023 Financial Results and Initial 2024 Business Outlook
BAY SHORE, N.Y.--(BUSINESS WIRE)--Air Industries Group (NYSE American: AIRI), a leading manufacturer of precision components and assemblies for large aerospace and defense prime contractors ...
Air Industries: Q4 Earnings Snapshot
BAY SHORE, N.Y. — BAY SHORE, N.Y. — Air Industries Group (AIRI) on Monday reported fourth-quarter net income of $181,000, after reporting a loss in the same period a year earlier. The Bay ...
Air Industries Group (AIRI) Q4 2023 Earnings Call Transcript
Hello and welcome to the Air Industries Group Preliminary Fourth Quarter and Full Year 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and ...
Air Industries Group AIRI
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...
Air Industries Group (AMEX:AIRI) Q4 2023 Earnings Call Transcript
Air Industries Group isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Hello and welcome to the Air Industries Group ...
Air Industries Group
The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing operations ...
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