The New Home Company Reports 2018 First Quarter Results
New Home Company Inc. (The) (NWHM)
Last new home company inc. (the) earnings: 8/3 06:00 am
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ir.nwhm.com
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Source: Business Wire
— Homes sales revenue up 14% to $79.4 million —— Deliveries up 56% —— Backlog units up 39% — ALISO VIEJO, Calif.--(BUSINESS WIRE)-- The New Home Company Inc. (NYSE: NWHM) today announced results for the 2018 first quarter. First Quarter 2018 Highlights Compared to First Quarter 2017 Total revenues of $123.2 million vs. $125.0 million Home sales revenue of $79.4 million, up 14%; deliveries up 56% Net new home orders up 12% Backlog units up 39% Ending community count up 29% to 18 compared to 14 “During the first quarter, The New Home Company continued to make progress in laying the groundwork to achieve its 2018 goals and position the Company for the future,” said The New Home Company’s Chief Executive Officer Larry Webb. “Home closings were up 56% year-over-year, quarter ending backlog increased 39% on a uni
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