The New Home Co. (NWHM) Tops Q4 EPS by 4c, Revenues Beat; Offers Q1 Revenue Guidance Above Consensus
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The New Home Company Reports 2019 Fourth Quarter and Full Year Results
February 13, 2020 4:05 PM ESTALISO VIEJO, Calif.--(BUSINESS WIRE)-- The New Home Company Inc. (NYSE: NWHM) today announced results for the 2019 fourth quarter and full year.
Fourth Quarter 2019 Financial Results
$62.7 million of cash flow from operations resulting in $22.6 million of net debt reduction and a $38.4 increase in cash during the quarter Debt-to-capital ratio of 56.7% and a net debt-to-capital ratio of 49.2%*, a 570 basis point sequential improvement from the third quarter Net orders up 106%, monthly absorption rate increased 83% to 2.2 compared to 1.2 for the 2018 fourth quarter Total revenues of $222.1 million,... More