| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Newmark Homes Corp. |
| 1200 Soldiers Field Drive, Sugar Land, TX 76459 * (281) 243-0100 |
| The company designs, builds and sells single-family homes in five major markets within the Southwest and Southeast, including Houston, Austin, Dallas/Fort Worth, Miami/Ft. Lauderdale and Nashville areas. |
| Manager | Tier | Phone |
| Dain Rauscher Incorporated | Lead Manager | (612) 371-2818 |
| Laidlaw Equities, Inc. | Co-manager | (212) 376-8852 |
| NASNTL: | NHCH | Construction: | SIC 1521 | |
| Type of Shares: | Common Shares | Filing Date: | 12/15/97 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 3/12/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.00 - $11.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $10.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.00 | |
| Offering Amount: | $20,000,000 | Selling: | $0.00 | |
| Expenses: | $1,000,000 | Reallowance: | $0.00 | |
| Post-IPO Shares: | 11,200,000 | |||
| Spin out parent firm: | Pacific Electric Wire & Cable | |||
| Employees: | 260 | |||
| Issuer's Law Firm: | Wolin, Ridley & Miller LLP |
| Bank's Law Firm: | Andrews & Kurth |
| Auditor: | KPMG Peat Marwick |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 9/30/97 | 9/30/96 | 9/30/97 | ||
| Revenue: | $192.00 | $163,548.00 | $139.73 | Assets: | $132.76 |
| Net Income: | $6.33 | $5.42 | $4.71 | Curr Assets: | |
| EPS: | $0.69 | $0.59 | $0.51 | Liabilities: | $86.17 |
| Prior EPS: | $0.41 | -$3.61 | -$5.68 | Curr Liab: | |
| Cash Flow/Oper: | -$7.78 | $3.00 | $2.68 | Equity: | $46.58 |
| Cash Flow/Fin: | $5.12 | $0.70 | $3.04 | Cash: | $0.73 |
| Cash Flow/Inv: | $3.05 | $0.70 | |||
| Competition |
| The development and sale of residential properties is highly competitive and fragmented. The Company competes for residential sales on the basis of a number of interrelated factors, including location, reputation, amenities, design, quality and price, with numerous large and small homebuilders, including some homebuilders with nationwide operations and greater financial resources and/or lower costs than the Company. The Company also competes for residential sales with individual resales of existing homes, available rental housing and, to a lesser extent, resales of condominiums. The Company believes that it compares favorably to other builders in the markets in which it operates, due primarily to: (i) its experience within its geographic markets, which allows it to vary its product offerings to reflect changing market conditions; (ii) its responsiveness to market conditions, enabling it to capitalize on the opportunities for advantageous land acquisitions in desirable locations; and (iii) its reputation for service and quality. There can be no assurance that the Company will be able to continue to compete successfully in any of its markets. The inability of the Company to continue to compete successfully in any of its markets could have a material adverse effect on the Company's business, financial condition or results of operations. |
| Business Plan |
| The Company's objective is to provide its customers with homes that offer both quality and value, while seeking to maximize its return on invested capital. To achieve this objective, the Company has developed a strategy which focuses on the following elements: (I) Growth Markets, (ii) Sophisticated Marketing, (iii) Focus on Relocation Market, (iv) Management Training, (v) Decentralized Operations with Experienced Management, (vi) Centralized Purchasing, (vii) Cost Management and (viii) Limited Real Estate Exposure. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay a portion of the indebtedness to be assumed in connection with the acquisition of Westbrooke and to provide capital to fund the company's future growth, including new market expansion and residential land acquisitions. |