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Orleans Homebuilders Makes Fortune Magazine's Top 100 Fastest Growing Companies List
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01/16/2005
BENSALEM, Pa., Aug. 26 -- Orleans Homebuilders,Inc. (Amex: OHB), one of the largest residential builders in the Delaware Valley, was named again as one of the country's fastest growing companies byFortune Magazine in its September 1, 2003 issue. Orleans Homebuilders ranked 29th on Fortune's 100 Fastest Growing Companies list. To make the list,compiled by Zacks Investment Research, companies had to have at least $50 million in revenue over the past four quarters, a minimum market cap of $50 million, and annual sales and EPS (earnings per share) growth of at least 25% for three straight years. Total return to investors was also factored into the equation. Orleans had a three year annual rate of return to investors of 90% which was ranked 7th in the list of 100 Fastest Growing Companies. Orleans also had an annual growth rate for EPS and revenues of 48%and 33%, respectively. "Favorable conditions in the home building industry have led to increased home sales," stated Jeffrey P. Orleans, CEO and Chairmanof the Board. "At the end of our fiscal year in June, the Company had a record backlog of $285,000,000, which is a good indicator that our stronggrowth will continue." <p>Certain information included in this press release and in other Company statements, reports and SEC filings is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning anticipated operating results, financial resources, pace of sales, growth and expansion. Such forward-looking information involves important risks and uncertainties that could significantly affect actual results and cause them to differ materially from expectations expressed herein and in other Company statements, reports and SEC filings. For example, there can be no assurance that the current sales pace can continue in the absence of an improvement in the current general economic environment. These risks and uncertainties include local, regional and national economic conditions, the effects of governmental regulation, thecompetitive environment in which the Company operates, fluctuations in interest rates, changes in home prices, the availability and cost of land forfuture growth, the availability of capital, the availability and cost of labor and materials, weather conditions and other factors described in the Company'sForm 10-K and 10-Q reports.
