DALLAS, May 12, 2011 — /PRNewswire/ — U.S. Home Systems, Inc. (NasdaqNGM: USHS) now reported financial regulation for a initial perform finished Mar 31, 2011. USHS is vigilant in a featured object products home alleviation business. The Company’s principal product lines consolidate kitchen sideboard refacing products, shower remodeling products, storage sequence systems for closets as good as garages as good as compared accessories.

First Quarter 2011 Highlights

  • The Company reported $39 million in revenue, a tip initial perform income in USHS history, leading ordering of $36 to $37 million as good as adult 17.7% compared to $33.1 million in a initial perform final year.
  • USHS reported benefit per share of $0.08, softened than ordering of $0.06 to $0.07 per share as good as compared to $0.05 per share in a initial perform final year.
  • USHS reported latest orders augmenting to a jot down $43.2 million in a initial perform 2011 from $34.4 million in a initial perform final year. USHS had haven of uncompleted orders of $24.3 million during Mar 31, 2011.
  • In tie with USHS marketplace increase program, given Jan 2010 by Mar 31, 2011, USHS instituted work in fourteen latest markets, encompassing 191 The Home Depot stores.
  • During a initial perform 2011 USHS stretched a bath product gift to an one some-more 109 The Home Depot stores.
  • Fixed doing costs, consisting of hook doing as good as entire as good as comparison manager expenses, declined to 12.8% of revenues in a initial perform 2011 from 14.2% in a same perform final year. The diminution reflected augmenting dominance from aloft revenues.

Financial Results

For a initial quarter, USHS had jot down revenues of $39.0 million, an increase of 17.7%, as compared to $33.1 million in a initial perform 2010. Net income was $560,000 or $0.08 per share as compared to $365,000 or $0.05 per share, respectively.

Murray Gross, management as good as arch comparison manager officer, commented, “We permitted a seventh undeviating year-over-year quarterly increase in revenues in a initial perform as good as reached $39 million, a many suitable initial perform in a history. Our latest orders augmenting 25.5%, from $34.4 million in a initial perform final year to a jot down $43.2 million in a initial perform 2011, enabling us to transcend ordering for both income as good as benefit per share. Our income exceeds pre-recession highs, demonstrating renewed consumer charisma as good as augmenting approach for a solutions.”

Mr. Gross continued, “The offered programs we instituted in 2010 have been fortitude to expostulate approach as good as latest orders. In addition, as we staid final quarter, we reason that homeowners who have been ‘stuck’ in their homes due to disintegrating values have quiescent to stay in their homes, upgrading economically to have them some-more tasty right divided as good as easier to sell when genuine estate values recover. The National Association of Home Builders not prolonged ago reported that remodeling is on a stand as good as a Remodeling Market Index (RMI) in a initial perform was a tip spin given a fourth perform of 2006, as good as we have been benefitting from this trend.”

Mr. Gross concluded, “I journey it definitely an achievement that we have significantly grown a revenues while parallel augmenting enthusiast remuneration levels. We have been successful holding advantage of as good as achieving a high standards of enthusiast remuneration levels set by a critical partner, The Home Depot, as totalled by The Home Depot’s Voice of The Customer (VOC) survey. The increase in a enthusiast remuneration ratings is a compact to a fasten as good as faithfulness of a associates around a country.”

Second Quarter 2011 Outlook

USHS expects:

  • Revenues in a second perform 2011 of $40 to $41 million as compared to revenues of $35 million in a second perform 2010.
  • Net income of $0.11 to $0.13 per share, compared to $0.06 per share in a second perform 2010.  

Conference Call Information

Management of USHS will reason a contention call on May 12, 2011 during 4:30 p.m. ET to beg a 2011 initial perform financial results. The financial regulation will be diminished following a tie of trade on May 12, 2011.  

Interested parties competence opening a call by pursuit 1-877-941-2068 from inside of a United States, or 1-480-629-9712 if pursuit internationally, we guess 5 mins before to a start of a call. A replay will be permitted by May 19, 2011, as good as can be accessed by dialing 1-877-870-5176 (U.S.), 1-858-384-5517 (international), passcode 4436520.

This call is being web ban by ViaVid Broadcasting as good as can be accessed during U.S. Home Systems’ website during www.ushomesystems.com. The web ban competence additionally be accessed during ViaVid’s website during www.viavid.net. The web ban can be accessed until Jun 12, 2011 on presumably site.  To opening a web cast, we will need to have a Windows Media Player on your desktop. For a giveaway download of a Media Player greatfully visit:

http://www.microsoft.com/windows/windowsmedia/en/download/default.asp.

About U.S. Home Systems, Inc.

U.S. Home Systems, Inc. (www.ushomesystems.com) manufactures or procures, designs, sells as good as installs law peculiarity featured object home alleviation products. The Company’s product lines consolidate kitchen sideboard refacing products employed in kitchen remodeling, shower cylinder liners as good as wall estimate products employed in shower remodeling, as good as storage sequence systems for closets as good as garages. The Company manufactures a possess sideboard refacing products as good as shower cabinetry.

This press redeem contains certain statements that competence consolidate “forward-looking statements” inside of a clarification of Section 27A of a Securities Act of 1933, as amended, as good as Section 21E of a Securities Exchange Act of 1934, as amended.  All statements, choice than statements of sequential actuality enclosed herein have been “forward-looking statements” together with statements per a Company’s blurb operation strategy, skeleton as good as pattern as good as statements of non-historical information.  These contemptuous seeking statements have been mostly identified by a work of forward-looking vernacular such as “believes,” “expects” or matching expressions, rivet good famous as good as opposite risks as good as uncertainties.  Although a Company believes that a expectations reflected in these forward-looking statements have been reasonable, they do rivet assumptions, risks as good as uncertainties, as good as these expectations competence infer to be incorrect.  You should not place undue faith on these forward-looking statements, that verbalize customarily as of a date of this press release.  The Company’s discernible regulation could speak about materially from those approaching in these forward-looking statements as a outcome of a accumulation of factors, together with those discussed in a Company’s continual reports that have been filed with as good as permitted from a Securities as good as Exchange Commission.  All forward-looking statements attributable to a Company or persons working on a seductiveness have been privately efficient in their whole by these factors.  Other than as mandatory underneath a holds laws, a Company does not fake a calling to remodel these forward-looking statements.

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SOURCE U.S. Home Systems, Inc.