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Non-Tech : Lufkin Industries (Nasdaq: LUFK)
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To: Todd D. Wiener who wrote (48)3/28/1998 10:16:00 AM
From: Steve Hufnagle  Read Replies (1) of 103
 
Lufkin's total backlog as of December 31, 1997, rose to $130.4 million
compared with $97.6 million a year ago. The backlog for oil field products was
$15.2 million compared with $12.1 million a year ago, the highest level since
1991. At year-end the backlog for power transmission products was $36.6 million
compared with $30.1 million; for trailers it was $62.8 million compared with
$40.1 million; and foundry was $15.7 million compared with $15.3 million a year
ago. We are encouraged by our backlog at year-end, which we believe bodes well
for overall business in 1998.
Are there any accounting rules or SEC regulations that apply when a company issues a statement concerning the amount of their year end backlog. I view Lufkins as a positive sign but I was wondering if there were actually issues causing delays in shipments of orders to be shipped such as raw material or inventory shortages if that would be thought to be more of a negative than a positive for a company.
How can the average investor make this determination?
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