Technical Olympic USA, Inc. (NYSE: TOA)
Headquarters: Hollywood, FL
CEO: Antonio B. Mon
Employees*: 2,500
Home Types: First-time, Move-up,
Active-Adult, Empty-
Nester, Luxury and
Urban Infill
Average Del price: $292,000
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Technical
Olympic USA, Inc. (TOUSA) (NYSE:TOA) is a national homebuilder
and financial services company operating throughout four geographic
regions: Florida, Mid-Atlantic, Texas, and the West. The company
markets its homes under several local brand names, including Engle
Homes, Newmark Homes, Fedrick, Harris Estate Homes, Gilligan Homes,
and Trophy Homes.
TOUSA designs, builds, and markets detached single-family residences, town homes, and condominiums for a diverse customer base including first-time, move-up and active-adult homebuyers. In addition, TOUSA offers a variety of financial services such as mortgage financing, title insurance, homeowner's insurance and closing services under multiple brands. TOUSA's strategy is to focus on growth within its existing markets, while targeting a broad customer base within these markets. TOUSA complements this strategy with local acquisitions that demonstrate quality management, strong land positions and an established brand name.
For the year ended December 31, 2005, TOUSA recorded net income of $218.3 million on revenues of $2.5 billion. At the end of 2005, the company’s backlog of 10,021 (including unconsolidated joint ventures) homes was valued at $1.8 billion.
For more information, click
here to visit Technical Olympic USA's Web site.
* Employee figures and avg. del price are
as of Q3 2005.
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