The New Home Co. (NWHM) Misses Q4 EPS by 2c

The New Home Co. (NYSE: NWHM) reported Q4 EPS of $0.66, $0.02 worse than the analyst estimate of $0.68. Revenue for the quarter came in at $322.4 million versus the consensus estimate of $280.43 million.

Fourth Quarter 2016 Highlights Compared to Fourth Quarter 2015

• Net income increased 13% to $13.8 million, or $0.66 per diluted share vs. $12.2 million, or $0.69 per diluted share; Q4 net income includes $3.5 million of pretax inventory impairments, or $0.10 per diluted share after tax
• Total revenues of $322.4 million vs. $194.6 million, up 66%
• Home sales revenue of $261.7 million, a 78% increase
• Net new home orders up 44%
• Backlog dollar value up 12% to $187.3 million
• Wholly owned community count up 50% to 15 vs. 10
• Cash flow from operations of $104.3 million vs. $50.7 million, a 106% increase

For earnings history and earnings-related data on The New Home Co. (NWHM) click here.

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