The New Home Co. (NWHM) Tops Q2 EPS by 2c, Beats on Revenues

The New Home Co. (NYSE: NWHM) reported Q2 EPS of $0.07, $0.02 better than the analyst estimate of $0.05. Revenue for the quarter came in at $144.1 million versus the consensus estimate of $113.83 million.

Second Quarter 2017 Highlights Compared to Second Quarter 2016

• Net income of $1.5 million, or $0.07 per diluted share vs. $2.5 million, or $0.12 per diluted share; Q2 2017 net income included $1.3 million of pretax inventory impairments, or $0.04 per diluted share after tax
• Total revenues of $144.1 million vs. $108.9 million, a 32% increase
• Home sales revenue of $96.9 million, a 23% increase
• Net new home orders up 53%
• Backlog dollar value up 22% to $339.4 million, a record quarter-end value

Guidance

The Company updated its full year guidance for 2017 as follows:

• Home sales revenue of $540 - $570 million
• Fee building revenue of $145 - $165 million
• Income from unconsolidated joint ventures of $2 - $3 million
• Wholly owned active year-end community count of 17
• Joint venture active year-end community count of 9

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

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