Five Point Holdings, LLC (FPH) Tops Q4 EPS by 17c

Five Point Holdings, LLC (NYSE: FPH) reported Q4 EPS of $0.09, $0.17 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $146.91 million, versus $11.83 million reported last year.

Emile Haddad, Chairman and CEO, said, “The end of last year marked an inflection point for our company as we had our first homesite sales in December at Valencia/Newhall. A lot has changed over the past three weeks. While we hope that the unprecedented conditions facing the country and the economy will be short-lived, we believe we are well positioned to withstand these challenges. Our balance sheet remains strong, and we have the ability to quickly adjust our land development expenditures in response to changing market conditions. We look forward to the opportunities that await us once we have weathered this storm.”

For earnings history and earnings-related data on Five Point Holdings, LLC (FPH) click here.

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