AV Homes, Inc. (AVHI) Tops Q1 EPS by 1c
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AV Homes Reports Results for First Quarter 2014
May 7, 2014 4:00 PM EDTTotal revenue increased to $43.9 million from $25.1 million Homebuilding revenue increased 25% to $28.1 million Net loss per share narrowed to ($0.09) Closings increased 24% to 100 units Net new orders increased 70% to $49.9 million on a 48% increase in units Backlog increased 83% to $97.2 million on 388 units Company completes acquisition of Royal Oak Homes in First Quarter Company enters into $65 million Senior Secured Credit Facility in April 2014
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