Printer Friendly

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

--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services.

These include Dow Jones News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine, CompuServe, Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI Data Courier, NewsBank, Information Access Company, Prodigy, Comtex, and many others. -0-

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


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.
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Mar 8, 1996
Previous Article:Corporate Profile for UniSite, Inc., dated March 8, 1996.
Next Article:Corporate Profile for MicroTouch Systems, dated March 8, 1996.

Related Articles
Corporate Profile for Clayton Homes Inc., dated June 30, 1995.
Clayton Homes Inc. makes announcement.
Clayton Homes announces continuation of stock purchases.
Maintaining a no-debt lifestyle: Linda Clayton may have to suppress her fears about debt to increase her fortunes. (Family Finances).
OMRON Healthcare Announces Dissolution of Affiliated Company.

Terms of use | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters