The New Home Company Reports 2017 Fourth Quarter and Full Year Results
New Home Company Inc. (The) (NWHM)
Last new home company inc. (the) earnings: 8/3 06:00 am
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US:NYSE Investor Relations:
ir.nwhm.com
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Source: Business Wire
2017 Fourth Quarter— Diluted EPS of $0.50, Including a ($0.15) Noncash Deferred Tax Asset Charge —— Deliveries up 17% —— Homebuilding Gross Margin up 140 bps to 15.8% —— Orders up 55% — ALISO VIEJO, Calif.--(BUSINESS WIRE)-- The New Home Company Inc. (NYSE: NWHM) today announced results for the 2017 fourth quarter and full year. Fourth Quarter 2017 Highlights Compared to Fourth Quarter 2016 Net income of $10.5 million, or $0.50 per diluted share vs. $13.8 million, or $0.66 per diluted share Net income included a $3.2 million, or ($0.15) per diluted share, noncash deferred tax asset charge resulting from the passage of the Tax Cuts and Jobs Act of 2017 Total revenues of $324.1 million vs. $322.4 million Home sales revenue of $279.9 million, up 7%; deliveries up 17% Homebuilding gr
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