The New Home Company Reports 2020 first Quarter Results

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The New Home Co. (NWHM) Reports Q1 Loss of $0.05, Revenues Beat

May 8, 2020 6:12 AM EDT

The New Home Co. (NYSE: NWHM) reported Q1 EPS of ($0.05), versus $0.00 reported last year. Revenue for the quarter came in at $132 million versus the consensus estimate of $80.3 million.

Cash flow from operations of $17.3 million and cash and cash equivalents of $87.9 millionDebt-to-capital ratio of 57.5% and a net debt-to-capital ratio of 48.8%*, a 40 basis point sequential improvement from the fourth quarter and a 1,130 basis point improvement from the 2019 first quarterNet orders up 18% on a monthly absorption rate of 2.0 vs. 1.7 for the 2019 first quarterTotal revenues of $132.0 million vs. $118.8 million for the 2019 first... More