UPDATE: The New Home Co. (NWHM) Reports Q2 Loss of $0.04, Revenues Miss; Offers 3Q Home Sales Outlook
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The New Home Company Reports 2020 Second Quarter Results
July 30, 2020 6:00 AM EDTALISO VIEJO, Calif.--(BUSINESS WIRE)-- The New Home Company Inc. (NYSE: NWHM) today announced results for the 2020 second quarter.
Second Quarter 2020 Financial Results
Net orders increased 6% compared to the 2019 second quarter June net orders increased 68% compared to June 2019, representing the highest monthly net order total in Company history Homes in backlog increased 14% compared to the 2019 second quarter Total revenues of $99.0 million vs. $162.7 million for the 2019 second quarter Net loss of $24.3 million, or ($1.32) per diluted share, including $39.0 million in inventory and joint... More