| Business Summary | | Crossmann
Communities,
Inc.
(Crossmann)
provides
homes
to
families
in
central
Indiana
and
in
areas
in
five
other
states.
Crossmann's
homes
are
targeted
primarily
to
entry-level
and
first
move-up
buyers.
They
range
in
price
from
approximately
$81,900
to
approximately
$1,200,000.
The
average
size
of
one
of
Crossmann's
new
homes
is
1,400
square
feet,
and
the
average
selling
price
in
2000
was
approximately
$129,300.
Today
the
Company
operates
in
12
markets
in
six
states:
Indiana,
particularly
Indianapolis,
Lafayette,
Ft.
Wayne
and
Columbus;
Ohio,
particularly
Columbus,
Cincinnati
and
Dayton;
Kentucky,
particularly
Lexington;
Tennessee,
particularly
Memphis;
North
Carolina,
particularly
Charlotte
and
Raleigh;
and
South
Carolina,
particularly
Myrtle
Beach. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CROS
is
a
holding
company
whose
subsidiaries
engage
in
the
development,
construction,
marketing
and
sale
of
new
single-family
detached
homes.
For
the
six
months
ended
6/30/01,
net
sales
increased
18%
to
$306.9
million.
Net
income
rose
25%
to
$17.3
million.
Net
sales
reflect
the
acquisition
of
Trinity
and
increased
average
selling
prices
per
home.
Earnings
also
reflect
higher
gross
margins
due
to
the
closure
of
underperforming
operations
in
Louisville
and
Nashville. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| John Scheumann, 52 Chairman,
CEO | $474K | -- | Steven Dunn, 46 Pres,
COO | 388K | -- | Richard Crosser, 62 Vice
Chairman | 423K | -- | Jennifer Holihen, 42 Exec.
VP, CFO, Sec., Treasurer, Director | 301K | $735K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|