William Lyon Homes (WLH) Misses Q3 EPS by 6c

William Lyon Homes (NYSE: WLH) reported Q3 EPS of $0.31, $0.06 worse than the analyst estimate of $0.37. Revenue for the quarter came in at $251.7 million versus the consensus estimate of $289.05 million.

• Net new home orders of 628, up 49%
• Dollar value of orders of $298.4 million, up 50%
• Home sales revenue of $244.3 million, up 25%
• New home deliveries of 564 homes, up 33%
• Average sales locations of 73, up 49%
• Units in backlog of 1,032, up 42%
• Dollar value of homes in backlog of $537.1 million, up 40%
• Homebuilding gross margin of $44.0 million, up 14%
• Average sales price (ASP) of new homes delivered of $433,200
• Homebuilding gross margin percentage of 18.0%
• Adjusted homebuilding gross margin percentage of 24.7%

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

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