| Ticker: DHMS | 222 Church Street, Diamond Plaza | |
| Exchange: NASDAQ-National Market | Woodstock, Illinois 60098 | |
| Industry: Construction | (815) 334-1414 |
| Type of Shares: | Common Shares | Filing Date: | 4/19/96 | |
| U.S. Shares: | 3,420,000 | Offer Date: | 6/19/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 2,687,000 | Offer Price: | $13.00 | |
| Secondary Shares: | 733,000 | Gross Spread: | $0.91 | |
| Offering Amount: | $41,040,000 | Selling: | $0.50 | |
| Expenses: | $500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 8,936,950 | |||
| Spin out parent firm: | Globe Building Materials, Inc. | |||
| Manager | Tier | Phone |
| William Blair & Company | Lead Manager | (312) 236-1600 |
| Auditor: Ernst & Young | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $124.85 | $27.09 | $22.36 | Assets: | $35.51 |
| Net Income: | $3.74 | $0.35 | $0.00 | Liabilities: | $30.33 |
| EPS: | $0.54 | $0.06 | Equity: | $5.18 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company markets and contracts installed home improvement products, including roofing, gutters, doors and fencing. The company markets its home improvement products and services directly to consumers primarily under the "Sears" name pursuant to a three-year license agreement with Sears, Roebuck and Co., which expires December 31, 1998. Sears has been in business for over 100 years and is nationally recognized name in the installed home improvement industry. The company is one of the largest third-party licensees of Sears home improvement products and services. The company currently markets its products directly to residential customers in 44 states through a combination of national and local advertising and its approximately 700 sales managers and sales representatives. The company has 74 sales offices located in major cities across the U.S., providing the company with a presence in markets covering approximately 77% of the owner-occupied households in the U.S. |
| Use of Proceeds |
| The proceeds from the offering will be used to repay debt, to pay an $8.6 million special, one-time dividend to existing stockholders, to fund the company's consumer finance subsidiary, develop and expand product lines and services, and for working capital and other general corporate purposes. |
©1996 IPO Data Systems, Inc. - All rights reserved.