William Lyon Homes (WLH) Tops Q2 EPS by 1c

William Lyon Homes (NYSE: WLH) reported Q2 EPS of $0.32, $0.01 better than the analyst estimate of $0.31. Revenue for the quarter came in at $254.7 million versus the consensus estimate of $257.27 million.

Highlights:

• Net new home orders of 843, up 117%
• Dollar value of orders of $374.1 million, up 91%
• Home sales revenue of $247.7 million, up 47%
• New home deliveries of 553 homes, up 65%
• Average sales locations of 67, up 76%
• Dollar value of homes in backlog of $471.5 million, up 55%
• Average sales price (ASP) of new homes delivered of $448,000
• Homebuilding gross margin of $47.5 million, up 19%
• Homebuilding gross margin percentage of 19.2%
• Adjusted homebuilding gross margin percentage of 26.0%
• SG&A percentage of 11.4%, compared to 11.9%
• Adjusted EBITDA of $38.8 million, up 46%

For earnings history and earnings-related data on William Lyon Homes (WLH) click here.

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