| Ticker: | KVCO | University Centre I 1300 S. University Drive, Suite 200 | |
| Exchange: | NASDAQ-National Market | Fort Worth, Texas 76101 | |
| Industry: | Manufacturing | (817) 332-2758 |
| Type of Shares: | Common Shares | Filing Date: | 8/30/96 | |
| U.S. Shares: | 2,100,000 | Offer Date: | 11/1/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 2,100,000 | Offer Price: | $12.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.84 | |
| Offering Amount: | $25,200,000 | Selling: | $0.48 | |
| Expenses: | $500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 6,494,500 |
| Manager | Tier | Phone |
| Rauscher Pierce Refsnes, Inc. | Lead Manager | (214) 978-5491 |
| Oppenheimer & Company, Inc. | Co-manager | (212) 667-7402 |
| Auditor: Coopers & Lybrand | |||||
| 6 Month Ending Financials | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $182.52 | $135.52 | $56.30 | Assets: | $58.40 |
| Net Income: | $4.32 | $7.03 | $2.10 | Liabilities: | $50.46 |
| EPS: | $0.87 | $0.90 | Equity: | $7.94 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a leading wholesale distributor of building products to the manufactured housing and recreational vehicle industries. Through its 17 distribution centers, the company distributes more than 10,000 different inventory items to approximately 278 manufactured home and 148 RV manufacturing facilities throughout the United States. Kevco is one of only a few companies capable of providing national distribution of building products to the manufactured housing and RV industries. In addition, the company is a leading manufacturer of wood products for the manufactured housing industry in the southeastern and southwestern United States. The company believes that it provides a cost effective form of distribution that offers value to both the company's suppliers and producers of manufactured homes and RVs. Kevco believes that it provides significant benefits to its suppliers by placing large orders at regular intervals, thereby meeting minimum lead time and purchase order sizes that enable its suppliers to achieve efficient and cost-effective production planning and economies of scale. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to reduce indebtedness, including the prior S Corporation Earnings Note issued in connection with the S Corporation distribution. |
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