William Lyon Homes (WLH) Misses Q4 EPS by 8c

William Lyon Homes (NYSE: WLH) reported Q4 EPS of $0.60, $0.08 worse than the analyst estimate of $0.68. Revenue for the quarter came in at $473.25 million versus the consensus estimate of $464.42 million.

2016 Fourth Quarter Highlights (Comparison to 2015 Fourth Quarter)

• Net income available to common stockholders of $23.1 million, or $0.60 per diluted share
• Home sales revenue of $473.2 million, up 19%
• New home deliveries of 902 homes, up 11%
• Dollar value of orders of $284.1 million, up 17%
• Net new home orders of 564, up 9%
• Dollar value of homes in backlog of $410.7 million, up 5%
• Units in backlog of 733, down 1%
• Average sales locations of 79, up 7%
• Average sales price (ASP) of new homes delivered of $524,600, up 7%
• Homebuilding gross margin of $80.6 million, up 11%
• Homebuilding gross margin percentage of 17.0%
• Adjusted homebuilding gross margin percentage of 21.6%
• SG&A percentage of 9.0%, compared to 9.3%
• Pre-tax Income of $40.4 million, up 6%
• Adjusted EBITDA of $63.2 million, up 2%

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

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