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Stock Market & Financial Investment News

News Breaks
January 16, 2014
07:05 EDTWCICWCI Communities sees Q4 contract value of new orders totaling $60M
Sees FY13 contract value of new orders totaling $243. The company said new orders increased 9% and 17% for the Q4 and Fy13, respectively, with 116 new orders in the quarter and 531 new orders for FY13.
News For WCIC From The Last 14 Days
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July 29, 2015
07:03 EDTWCICWCI Communities reports Q2 EPS 37c, consensus 30c
Reports Q2 revenue $150.7M, consensus $140.48M. The company delivered 243 homes in the second quarter, an increase of 100 units, or 69.9% from the prior year period. The average selling price per home delivered during the quarter ended June 30, 2015 was $476,000, an increase of 11.7%, compared to $426,000 in the prior year period. Adjusted gross margin from homes delivered, a non-GAAP financial measure, was 29.1% in the quarter ended June 30, 2015. New orders during the second quarter of 2015 increased 53.8% to 300 homes and the contract value of new orders was $128.6M for the second quarter, an increase of 37.4% from the prior year period. As of June 30, 2015, backlog contract value was $294.1M, an increase of $64.1M, or 27.9% from June 30, 2014. Backlog units totaled 627 units at the end of the second quarter, representing a 194 unit, or 44.8% increase from the prior year.

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