| Business Summary | | Standard
Pacific
Corp.
is
a
geographically
diversified
builder
of
single-family
homes
targeted
toward
a
broad
range
of
move-up
homebuyers.
The
Company
has
operations
throughout
metropolitan
areas
in
California,
Texas,
Arizona
and
Colorado.
The
Company
sells
homes
in
Los
Angeles,
Orange,
Riverside,
San
Bernardino,
San
Diego
and
Ventura
Counties
in
Southern
California,
and
the
San
Francisco
Bay
area
in
Northern
California.
The
Company
has
also
established
operations
in
Dallas,
Houston
and
Austin,
Texas.
In
August
1998,
the
Company
entered
the
Phoenix,
Arizona
market
through
the
acquisition
of
an
ongoing
homebuilding
operation,
and
in
August
2000,
the
Company
furthered
its
geographic
diversification
by
entering
the
Denver,
Colorado
market
through
the
acquisition
of
The
Writer
Corporation.
In
addition
to
its
core
homebuilding
operations,
Standard
Pacific
provides
mortgage
financing
and
title
services
to
its
homebuyers
through
its
subsidiaries
and
joint
ventures. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Standard
Pacific
is
a
geographically
diversified
builder
of
single-family
homes
throughout
the
metropolitan
markets
of
CA,
TX,
CO
and
AZ.
For
the
six
months
ended
6/30/01,
revenues
increased
19%
to
$614.2
million.
Net
income
increased
58%
to
$53.5
million.
Revenues
reflect
an
increase
in
the
number
of
new
home
deliveries
and
higher
average
selling
prices.
Earnings
reflect
improved
gross
margins
and
increased
income
from
unconsolidated
joint
ventures. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Arthur Svendsen, 77 Chairman | $1.2M | -- | Stephen Scarborough, 52 CEO,
Director | 4.2M | -- | Michael Cortney, 53 Pres,
Director | 2.4M | -- | Andrew Parnes, 42 CFO,
Sr. VP-Fin., Treasurer | 715K | $87K | Clay Halvorsen, 41 Sr.
VP, Gen. Counsel, Sec. | 500K | -- | 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
|
|