AV Homes (AVHI) Misses Q3 EPS by 9c
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AV Homes Reports Results for Third Quarter 2015 and Increases 2015 Outlook to Reflect the Acquisition of Bonterra Builders
October 29, 2015 7:54 PM EDTThird Quarter 2015 Highlights - as compared to the prior year third quarter (unless otherwise noted)
Net income increased to $5.5 million, or $0.25 per diluted share, compared to $0.7 million, or $0.03 per diluted share Total revenue increased 78% to $153.8 millionHomebuilding revenue increased 112% to $151.1 millionClosings increased 84% to 515 unitsAverage selling price for closed homes increased 15.5% to $293,000 per homeNet new order value increased 144% to $164.0 million on a 106% increase in unitsBacklog value increased 154% to $307.5 million on 1,026... More