The New Home Company Reports 2020 Second Quarter Results
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UPDATE: The New Home Co. (NWHM) Reports Q2 Loss of $0.04, Revenues Miss; Offers 3Q Home Sales Outlook
July 30, 2020 6:27 AM EDT(Updated - July 30, 2020 6:28 AM EDT)
The New Home Co. (NYSE: NWHM) reported Q2 EPS of ($0.04), versus $0.08 reported last year. Revenue for the quarter came in at $99 million versus the consensus estimate of $124.9 million.
Second Quarter 2020 Financial Results
Net orders increased 6% compared to the 2019 second quarterJune net orders increased 68% compared to June 2019, representing the highest monthly net order total in Company historyHomes in backlog increased 14% compared to the 2019 second quarterTotal revenues of $99.0 million vs. $162.7 million for the 2019 second quarterNet loss of $24.3 million, or ($1.32) per diluted share, including... More