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Corporate Profile for Clayton Homes, Inc., dated March 8, 1996.

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Published date: March 8, 1996


Company name: Clayton Homes, Inc.


Address: 623 Market Street
 Knoxville, TN 37902


Telephone No.: 423/970-7200


Chief Executive
 Officer: Jim Clayton


Chief Financial
 Officer: Joe Stegmayer


Investor Relations
 Contact: Emmett Moore
 Business number: 423/970-7200, ext. 5509


Trading symbol: CMH


Industry: REAL ESTATE BANKING INSURANCE




Company description: Clayton Homes, Inc. is a vertically integrated manufactured housing company engaged in manufacturing, retailing, financing and insuring homes and in owning manufactured housing communities. The Company operates in 28 states throughout the Southeast, Southwest and Midwest and is based in Knoxville, Tenn. Clayton is the largest distributor (through 790 locations) and the fifth largest producer of manufactured homes (with 17 plants) in North America.

Fiscal 1995 was Clayton's 15th consecutive record year; revenues were up 21% to $758 million, and income was $87 million, up 26%. The most recent quarter ended December 31, 1995 was the Company's 38th consecutive record quarter. Management's focus is on the low cost production of quality homes that meet diverse customer needs. Clayton's vertical structure enables it to maximize profit at every step of the housing process. This focus and vertical structure have enabled Clayton to achieve a consistent growth record unmatched in the industry and independent of industry trends.

Clayton paid its first quarterly dividend of $.02 per share January 1995 and increased the dividend 25% in December of the same year. There have been eleven 5-for-4 stock splits in the past twelve years, and the Company's stock has traded in a 52-week range of $12.25-$23.38, as of March 1, 1996. Clayton's December 31, 1995 market capitalization was over $2 billion.

CONTACT: Clayton Homes, Inc.
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Publication:Business Wire
Date:Mar 8, 1996
Words:353
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