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IPO Profile Design Within Reach
225 Bush Street, 20th Floor, San Francisco, California 94104
Tel: 415-676-6500
Web: www.dwr.com
Ticker: DWRI
Stock Exchange: Nasdaq
Shares Issued: 4,100,000.00
Price Offered: $12.00
Amount Raised: $49,200,000.00
Underwriters:
CIBC World Markets
William Blair
SG Cowen
Company Description:
DWR is an integrated multi-channel provider of distinctive modern design furnishings and accessories. We market and sell our products to both residential and commercial customers through four integrated sales channels, consisting of our catalog, studios, website and direct sales force. We offer a distinctive assortment of modern design merchandise that we believe shares an aesthetic appeal, superior quality and authenticity. We offer products in numerous categories, including chairs, tables, workspace and outdoor furniture, lighting, floor coverings, beds and related accessories, bathroom fixtures, fans and other home and office accessories. Our products include items created by such notable designers as Ludwig Mies van der Rohe, Charles and Ray Eames, George Nelson and Philippe Starck, among others. Our business strategy has enabled us to develop a national presence in modern design furnishings, achieve rapid growth, and build a brand which we believe is recognized for design excellence by our customers and the design community. In fiscal year 2003, we had net sales of $81.1 million, an increase of 41.7% from fiscal year 2002. In fiscal year 2003, we had net earnings of $3.0 million.
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