The New Home Company Reports 2018 Second 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
– Net new orders up 98% –– Backlog units up 66% –– Homes sales revenue up 21% to $117.5 million –– Deliveries up 52% – ALISO VIEJO, Calif.--(BUSINESS WIRE)-- The New Home Company Inc. (NYSE: NWHM) today announced results for the 2018 second quarter. Second Quarter 2018 Highlights Compared to Second Quarter 2017 Total revenues of $155.6 million vs. $144.1 million Home sales revenue of $117.5 million, up 21%; deliveries up 52% Net new home orders up 98% Backlog units up 66% Ending community count up 122% “During the 2018 second quarter, we enjoyed a solid spring selling season with net new orders nearly doubling over the prior period," said Larry Webb, Chief Executive Officer of The New Home Company. "Our order growth benefited from a 100% increase in average active selling communities, resulting in a 66
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