William Lyon Homes (WLH) Tops Q3 EPS by 3c, Beats on Revenues

William Lyon Homes (NYSE: WLH) reported Q3 EPS of $0.71, $0.03 better than the analyst estimate of $0.68. Revenue for the quarter came in at $490.3 million versus the consensus estimate of $485.66 million.

2017 Third Quarter Highlights (Comparison to 2016 Third Quarter)

• Net income available to common stockholders of $27.4 million, up 110%, or $0.71 per diluted share, up 109%
• Home sales revenue of $490.3 million, up 43%
• New home deliveries of 851 homes, up 26%
• Net new home orders of 774, up 19%
• Dollar value of orders of $425.5 million, up 22%
• Average sales locations of 86, up 10%
• Average sales price (ASP) of new homes delivered of $576,200, up 13%
• Dollar value of homes in backlog of $699.3 million, up 18%
• Units in backlog of 1,208, up 13%
• Homebuilding gross margin percentage of 18.1%
• Homebuilding gross margin of $88.6 million, up 56%
• Adjusted homebuilding gross margin percentage of 23.6%, up 140 basis points
• SG&A percentage of 9.2%, compared to 10.4%
• Operating income of $43.2 million, up 102%
• Pre-Tax Income of $44.0 million, up 77%
• Adjusted EBITDA of $72.1 million, up 68%

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

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