Dominion Homes Reports Record Quarterly Sales.Business Editors DUBLIN Dublin, city, Republic of Ireland Dublin, Irish Baile Átha Cliath, county borough (1991 pop. 915,516), Leinster, capital of the Republic of Ireland, on Dublin Bay at the mouth of the Liffey River. , Ohio--(BUSINESS WIRE)--April 16, 2003 Dominion dominion, power to rule, or that which is subject to rule. Before 1949 the term was used officially to describe the self-governing countries of the Commonwealth of Nations—e.g., Canada, Australia, or India. Homes, Inc. (Nasdaq:DHOM) reported that home sales for the three months ended March 31, 2003 increased 20% to a record 863 homes compared to 717 home sales for the three months ended March 31, 2002. The sales value of the homes sold in first quarter 2003 increased 14% to $152.0 million compared to $133.5 million for first quarter 2002. The number of homes closed during the three months ended March 31, 2003 increased 10% to a first quarter record 569 homes from 518 homes for the same period a year ago. The Company had a record first quarter 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 1,312 contracts, with a sales value of $244.9 million, at March 31, 2003 compared to 1,231 contracts, with a sales value of $239.9 million, in backlog at March 31, 2002. The Company will announce its first quarter 2003 financial results on April 30, 2003 and host a conference call at 4:30 p.m. Eastern Time on that same day. Interested parties may listen in by accessing the Company's website at www.dominionhomes.com. Dominion Homes offers three distinct series of homes, which are differentiated by size, price, standard features and available options. The Company's "Best of Everything" philosophy focuses on providing its customers with unsurpassed products, quality, and customer service. There are currently over 50 Dominion Homes locations in Central Ohio and Louisville, Kentucky  “Louisville” redirects here. For other uses, see Louisville (disambiguation). . Additional information about the Company and its homes is located on its website. Certain statements in this news release are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. Such risks, uncertainties and other factors include, but are not limited to, weather conditions, changes in general economic conditions, fluctuations in interest rates, increases in raw materials and labor costs, levels of competition and other factors described in the Company's Annual Report and Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2002. All forward-looking statements made in this press release are based on information presently available to the management of the Company. The Company assumes no obligation to update any forward-looking statements. |
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