The New Home Company Reports 2019 Third Quarter Results

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The New Home Co. (NWHM) Misses Q3 EPS by 1c, Revenues Beat; Q4 & FY19 Revenue GUidance Above Consensus

October 31, 2019 6:30 AM EDT

The New Home Co. (NYSE: NWHM) reported Q3 EPS of $0.01, $0.01 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $165.62 million versus the consensus estimate of $126.9 million.

Third Quarter 2019 Financial Results

$39.7 million of cash flow from operations and $48.0 million of debt reduction during the quarterDebt-to-capital ratio of 58.2% and a net debt-to-capital ratio of 54.9%*, a 280 basis point sequential improvement from the second quarterTotal revenues of $165.6 million, including $24.6 million of land sales revenueHome sales revenue of $118.8 million vs. $119.9 million for the 2018 third quarterSG&A ratio of 11.1%,... More