The New Home Company Reports 2020 Third Quarter Results
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The New Home Co. (NWHM) Reports Q3 EPS of $0.06, Revenues Beat; Offers 4Q Revenue Guidance Below Consensus
November 2, 2020 6:11 AM ESTThe New Home Co. (NYSE: NWHM) reported Q3 EPS of $0.06, versus ($0.23) reported last year. Revenue for the quarter came in at $130.8 million versus the consensus estimate of $124.9 million.
Third Quarter 2020 Financial Results
Net income of $1.2 million, or $0.06 per diluted share, compared to a net loss of $4.6 million, or $(0.23) per diluted share, for the 2019 third quarterHomes sales revenue of $117.4 million as compared to $118.8 million for the 2019 third quarterNew home deliveries of 157 as compared to 124 in the 2019 third quarter, a 27% increaseHome sales gross margin of 14.2% as compared to 9.5% for the 2019 third... More