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March 19, 2014
08:42 EDTKBHKB Home reports Q1 EPS 12c, consensus 8c
Reports Q1 revenue $450.7M, consensus $435.30M. The company delivered 1,442 homes in the current quarter, compared to 1,485 homes delivered 1Q13. The company generated Q1 homebuilding operating income of $17.7M, up from $.5M in the year-earlier quarter. The overall value of net orders for Q1 was $600.2M, up 18% from $506.8M for the year-earlier quarter. The company said, "Potential future housing revenues in backlog at February 28 increased 21% to $851.6M from $703.9M at February 28, 2013, reflecting both a greater number of homes in backlog and a higher average selling price."
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