Continental Homes Holding Corp. Reports Third-Quarter Deliveries and New Orders; Deliveries Up 5 Percent, New Orders Up 42 Percent.SCOTTSDALE Scottsdale, city (1990 pop. 130,069), Maricopa co., central Ariz.; settled in 1895 by Winfield Scott, inc. 1951. It is a resort and retirement center in the Phoenix metropolitan area. , Ariz.--(BUSINESS WIRE)--March 6, 1998--Continental Homes Holding Corp. (NYSE NYSE See: New York Stock Exchange :CON) Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant reported deliveries and new orders for the third quarter of its fiscal year. The company's fiscal year ends on May 31, 1998. In the quarter ended Feb. 28, 1998, the company delivered 1,264 new homes, a 5 percent increase over the same period a year ago. In the quarter, the company also recorded 1,649 net new orders with an aggregate sales value of approximately $227 million, a 42 percent increase over the third quarter of last year when it reported 1,160 net new orders with an aggregate sales value of approximately $155,407,000. The company said that new orders were strong in all of its markets -- especially in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). , Denver Denver, city (1990 pop. 467,610), alt. 5,280 ft (1,609 m), state capital, coextensive with Denver co., N central Colo., on a plateau at the foot of the Front Range of the Rocky Mts., along the South Platte River where Cherry Creek meets it; inc. 1861. , Miami, and San Antonio San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. , where sales were up 82 percent, 108 percent, 117 percent, and 107 percent, respectively. As a result of the increase in new orders, the company at Feb. 28, 1998, had a backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. of 2,546 sold-but-undelivered homes with an aggregate sales value of approximately $362,388,000, a 56 percent increase over a backlog of 1,636 homes with an aggregate sales value of approximately $227,676,000 at Feb. 28, 1997. Continental Homes designs, constructs, sells and finances single-family sin·gle-fam·i·ly adj. Relating to or being a dwelling designed for one family only: a single-family home; single-family occupancy. homes in Phoenix; Austin Austin. 1 City (1990 pop. 21,907), seat of Mower co., SE Minn., on the Cedar River, near the Iowa line; inc. 1868. The commercial and industrial center of a rich farm region, it is noted as home to the Hormel meatpacking company, whose Spam Town museum , San Antonio and Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. ; Denver; South Florida Florida, state, United States Florida (flôr`ĭdə, flŏr`–), state in the extreme SE United States. A long, low peninsula between the Atlantic Ocean (E) and the Gulf of Mexico (W), Florida is bordered by Georgia and and Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . -0-
Continental Homes Holding Corp.
Selected Operating Data
(dollars in thousands)
Three months ended Feb. 28,
Net New Orders: 1998 1997
Units Value Units Value
Phoenix 525 $68,871 474 $62,714
Austin 384 42,928 305 32,153
South Florida 150 20,497 69 9,036
Denver 210 39,924 101 19,876
Southern California 89 22,474 49 14,176
San Antonio 195 19,653 94 9,753
Dallas 96 12,653 68 7,699
Total net new orders 1,649 $227,000 1,160 $155,407
Nine months ended Feb. 28,
1998 1997
Units Value Units Value
Phoenix 1,599 $206,725 1,309 $171,939
Austin 1,007 111,043 882 95,226
South Florida 446 60,655 202 25,526
Denver 459 85,153 246 48,505
Southern California 333 85,120 148 45,061
San Antonio 464 46,972 249 25,282
Dallas 250 31,404 172 20,887
Total net new orders 4,558 $627,072 3,208 $432,426
Backlog: At Feb. 28,
1998 1997
Units Value Units Value
Phoenix 802 $104,261 713 $ 95,417
Austin 408 46,618 282 29,872
South Florida 413 56,425 163 19,903
Denver 359 65,991 211 41,685
Southern California 164 43,866 50 15,867
San Antonio 243 24,878 117 12,523
Dallas 157 20,349 100 12,409
Total backlog 2,546 $362,388 1,636 $227,676
Deliveries: Three months ended Feb. 28,
1998 1997
Units Units
Phoenix 517 475
Austin 302 335
South Florida 66 82
Denver 87 120
Southern California 84 71
San Antonio 140 74
Dallas 68 51
Total deliveries 1,264 1,208
Nine months ended Feb. 28,
1998 1997
Units Units
Phoenix 1,628 1,428
Austin 1,049 1,151
South Florida 205 228
Denver 283 327
Southern California 226 203
San Antonio 386 233
Dallas 250 151
Total deliveries 4,027 3,721
CONTACT: Continental Homes Holding Corp., Scottsdale Julie JULIE Joint Utility Locating Information for Excavators JULIE Jena University Language and Information Engineering (Germany) E. Collins, 602/483-0006 |
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