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Revenue of $131.2 million reported by Carlsbad-based builder.

Article Excerpt
The Carlsbad-headquartered residential builder, Barratt American, announced total corporate revenue of $131.2 million for the quarter ended Sept. 30, an all-time record for a fiscal quarter since the founding of the firm as a subsidiary of Barratt Developments PLC of Britain in 1980.

In August, 2004, Barratt American achieved independent status as a private, locally owned company with a management buyout from its publicly traded British parent, Previous record quarter for the firm tallied $108 million in revenue in April-June, 2004, just prior to the local managerial acquisition.

The announcement by Michael D. Pattinson, president, said the quarterly revenue record was based on closed sales of 220 homes in San Diego and Riverside counties in the three-month period. "The excellent quarter past was further evidence that Barratt American is moving full steam ahead on its ambitious growth plan," Pattinson said. "Independent status enables us to be more innovative in our thinking and nimble in our actions, while we largely continue our past form of operations, with the same fiscal disciplines and the focused goal orientation of our earlier subsidiary role."

Barratt's sales champ for the quarter was its eight-story Metrome condominium...

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