| Ticker: DTL | 7834 Hawn Freeway | |
| Exchange: New York Stock Exchange | Dallas, Texas 75217 | |
| Industry: Manufacturing | (214) 398-1411 |
| Type of Shares: | Common Shares | Filing Date: | 6/3/96 | |
| U.S. Shares: | 5,600,000 | Offer Date: | 8/13/96 | |
| Non-U.S. Shares: | 1,400,000 | Filing Range: | $16.00 - $18.00 | |
| Primary Shares: | 7,000,000 | Offer Price: | $14.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.91 | |
| Offering Amount: | $119,000,000 | Selling: | $0.53 | |
| Expenses: | $1,800,000 | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Smith Barney Inc. | Lead Manager | (718) 921-8473 |
| Dillon, Read & Co. Inc. | Co-manager | (212) 906-7000 |
| Goldman, Sachs & Co. | Co-manager | (212) 902-1172 |
| Morgan Stanley & Co. Incorporated | Co-manager | (212) 703-4797 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $474.81 | $170.67 | $119.35 | Assets: | $642.51 |
| Net Income: | $2.14 | $0.93 | $0.83 | Liabilities: | $632.15 |
| EPS: | Equity: | $10.36 | |||
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 largest manufacturer, distributor and marketer of ceramic tile in North America, and one of the largest in the world. The company produces and distributes a broad line of high quality wall tile and floor tile products for both residential and commercial applications, marketed primarily under its Daltile and American Olean brand names. The company's strengths include (i) the U.S. ceramic tile industry's broadest distribution system, consisting of company-operated sales centers, independent distributors and home center retailers; (ii) leading brand names; (iii) North America's largest ceramic tile manufacturing capacity, with low cost manufacturing plants in the United States and Mexico; and (iv) the U.S. ceramic tile industry's most comprehensive product offering, including glazed and unglazed ceramic tile, stone products and installation materials and tools. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay debt associated with a recent refinancing designed to improve the company's overall financial health and to pay related prepayment premiums and fees and expenses. |
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