| Ticker: YRKG | 9430 Old Katy Road | |
| Exchange: NASDAQ-National Market | Houston, Texas 77055 | |
| Industry: Manufacturing | (713) 984-5500 |
| Type of Shares: | Common Shares | Filing Date: | 2/2/96 | |
| U.S. Shares: | 2,300,000 | Offer Date: | 4/2/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $12.00 - $14.00 | |
| Primary Shares: | 1,800,000 | Offer Price: | $13.00 | |
| Secondary Shares: | 500,000 | Gross Spread: | $0.91 | |
| Offering Amount: | $29,900,000 | Selling: | $0.52 | |
| Expenses: | $500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 7,364,864 |
| Manager | Tier | Phone |
| Chicago Corporation, The | Lead Manager | (312) 855-7600 |
| A.G. Edwards & Sons, Inc. | Co-manager | (314) 289-3000 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $127.55 | Assets: | $70.33 | ||
| Net Income: | $8.57 | Liabilities: | $51.89 | ||
| EPS: | $1.55 | Equity: | $18.45 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is the second largest casket manufacturer in the United States and has an approximate 13% share of the finished casket market. The company produces a wide variety of metal and hardwood caskets, as well as casket components. The company believes it manufactures a more comprehensive line of metal and hardwood caskets than any of its major competitors. The company believes that it is the largest domestic supplier of casket components to other casket manufacturers and assemblers. The company's finished caskets are marketed primarily through a network of approximately 60 privately-owned distributors that serve an estimated 15,000 domestic funeral homes, as well as certain foreign markets. The different styles, designs, finishes and interiors offered by the company provide its distributors with a comprehensive line of caskets to meet varying religious, ethnic or other personal preferences. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay Subordinated debt to a Service Corporation affiliate, for working capital and other general corporate purposes including potential acquisitions. |
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