DALLAS – Home improvement products manufacturer U.S. Home Systems Inc. reported financial results for the third quarter and nine months ended Sept. 30, 2010.
For the third quarter, USHS revenues increased 39.2% to a record $39.6 million as compared to $28.4 million in the third quarter 2009. This was the fifth consecutive quarter of sequentially increasing revenue. U.S. Home Systems, Inc. markets its products under the Home Depot brand for: kitchen cabinet refacing, bathroom refacing, garage organization and closet organization systems.
Chairman and CEO Murray Gross said, "We recorded our fifth consecutive quarterly increase in revenues and new orders in the third quarter, indicating an ongoing improvement in our industry and continued demand for our solutions. Our new orders in the third quarter increased 28.3% to $39.7 million from $30.9 million in the third quarter last year, and increased 6.0% sequentially from $37.4 million in the second quarter 2010. We saw robust growth in our kitchen refacing and countertop product line across most of our geographic regions."
In September USHS launched a new internet micro-site for kitchen refacing and countertop products, which is accessible from The Home Depot's site.
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