Our adjusted housing gross profit margin, which excludes inventory-related charges as well as the amortization of previously capitalized interest, was 24.2% for the 2021 second quarter compared to 21.9% for the same 2020 period
The current quarter metric reflected the favorable pricing environment over the past several quarters, when most of the orders relating to the second quarter deliveries were booked, increased operating leverage due to higher housing revenues and lower amortization of previously capitalized interest.
To understand how to read this report, please click here
(Read more) top So am I thinking about that right where in that, call it 60 day window, if there are cost increases like that that's the variability on your margin? And I guess the follow-up to that is, I'm hearing some builders are starting to build in some like cost escalator clauses into sales...
(Read more) top... start in that 45 to 60 day windows in a smaller business where we may not have the scale, you're a little more exposed but as Jeff just shared in our guidance, we've been able to not only cover that cost but increase our pricing more than the cost where we expect over the second half of the year to continue...
(Read more) top ... about that right where in that, call it 60 day window, if there are cost increases like that that's the variability on your margin? And I guess the follow-up to that is, I'm hearing some builders are starting to build in some like cost escalator clauses into sales contracts in case cost do go up a lot
(Read more) top... we've been able to not only cover that cost but increase our pricing more than the cost where we expect over the second half of the year to continue to expand margin from what we just reported.
(Read more) top ... that's the variability on your margin? And I guess the follow-up to that is, I'm hearing some builders are starting to build in some like cost escalator clauses into sales contracts in case cost do go up a lot.
(Read more) top ... your margin? And I guess the follow-up to that is, I'm hearing some builders are starting to build in some like cost escalator clauses into sales contracts in case cost do go up a lot.
(Read more) topI'd rather know when we start the home, we know what the margin is when we start the home, our costs are locked. So you have a little risk between the contract and the start is something weird happens on your cost structure
(Read more) topOur continued gross margin improvement trend demonstrates that we have been successful in offsetting the input cost inflation with slight price increases.
(Read more) top... over the past several quarters, when most of the orders relating to the second quarter deliveries were booked, increased operating leverage due to higher housing revenues and lower amortization of previously capitalized interest.
(Read more) topOur adjusted housing gross profit margin, which excludes inventory-related charges as well as the amortization of previously capitalized interest, was 24.2% for the 2021...
(Read more) top... past several quarters, when most of the orders relating to the second quarter deliveries were booked, increased operating leverage due to higher housing revenues and lower amortization of previously capitalized interest.. . Excluding inventory-related charges, our gross margin for the quarter increased to 21.5%...
(Read more) topThe current quarter metric reflected the favorable pricing environment over the past several quarters, when most of the orders relating to the second quarter deliveries were booked, increased operating leverage due to higher housing revenues and lower...
(Read more) topOur adjusted housing gross profit margin, which excludes inventory-related charges as well as the amortization of previously capitalized interest, was 24.2% for the 2021 second quarter...
(Read more) top... favorable pricing environment over the past several quarters, when most of the orders relating to the second quarter deliveries were booked, increased operating leverage due to higher housing revenues and lower amortization of previously capitalized interest.
(Read more) top... past several quarters, when most of the orders relating to the second quarter deliveries were booked, increased operating leverage due to higher housing revenues and lower amortization of previously capitalized interest.
(Read more) top... favorable pricing environment over the past several quarters, when most of the orders relating to the second quarter deliveries were booked, increased operating leverage due to higher housing revenues and lower amortization of previously capitalized interest
(Read more) topWe do expect to see continued good news out of amortized interest and we've seen that also continue at least for the past couple of years and we think we have some runway ahead of us on that one
(Read more) topOur adjusted housing gross profit margin, which excludes inventory-related charges as well as the amortization of previously capitalized interest, was 24.2% for the 2021 second quarter compared to 21.9% for the same 2020 period
(Read more) topOperationally, our divisions are doing an excellent job of navigating this environment of demand strength and well-publicized supply chain constraints as we effectively balanced pace, price and starts to optimize our assets and manage our production
(Read more) top... clients [ph] can pick the home they want and build that home on a lot they choose they are willing to pay for that choice and we can generate additional revenue.
(Read more) topWe delivered healthy results in the second quarter marked by one of the strongest quarters for both operating and gross margin performance in some time. Operationally, our divisions are doing an excellent job of navigating this environment...
(Read more) top... of demand strength and well-publicized supply chain constraints as we effectively balanced pace, price and starts to optimize our assets and manage our production.
(Read more) topWe delivered healthy results in the second quarter marked by one of the strongest quarters for both operating and gross margin performance in some time. Operationally, our divisions are doing an excellent job of navigating this environment of demand strength and well-publicized supply chain...
(Read more) top... job of navigating this environment of demand strength and well-publicized supply chain constraints as we effectively balanced pace, price and starts to optimize our assets and manage our production.
(Read more) topWe delivered healthy results in the second quarter marked by one of the strongest quarters for both operating and gross margin performance in some time. Operationally, our divisions are doing an excellent job of navigating this environment of demand strength...
(Read more) topWe delivered healthy results in the second quarter marked by one of the strongest quarters for both operating and gross margin performance in some time. Operationally, our divisions are doing an excellent job of navigating this environment of demand strength and well-publicized supply chain constraints...
(Read more) top And if you look at our business and our cadence nice increase in our backlog, we have the backlog today to support -- we're already selling into backlog to support the revenue guide that we gave and set us up for a nice momentum...
(Read more) topWith our full year coming into better view, we are poised for continued return-focused growth, expanding our scale to about $6 billion in revenue and generating a return on equity of roughly 20%
(Read more) top... coming into better view, we are poised for continued return-focused growth, expanding our scale to about $6 billion in revenue and generating a return on equity of roughly 20%.
(Read more) top... just like our Seattle example where it took a couple of years and then you have revenue and then you have real revenue and profits and it becomes a real driver in your Company profitability and that's how we look at Charlotte and Boise
(Read more) top And if you look at our business and our cadence nice increase in our backlog, we have the backlog today to support -- we're already selling into backlog to support the revenue guide...
(Read more) top... revenue and then you have real revenue and profits and it becomes a real driver in your Company profitability and that's how we look at Charlotte and Boise.
(Read more) topIn addition, our balanced approach includes returning cash to stockholders, primarily through our quarterly dividend which we raised in each of the past two years and reducing our debt as I just mentioned
(Read more) topIn addition, our balanced approach includes returning cash to stockholders, primarily through our quarterly dividend which we raised in each of the past two years and reducing our debt as I just mentioned
(Read more) top... approach includes returning cash to stockholders, primarily through our quarterly dividend which we raised in each of the past two years and reducing our debt as I just mentioned.
(Read more) top... our emphasis on returned focus growth will continue to drive improved financial results, increased scale and higher returns to further enhance long-term stockholder value.
(Read more) top... the significant acceleration of new community openings over the next six quarters, we've also stayed focused on building our backlog to drive our revenues for the balance of this year and into 2022.
(Read more) topAs we prepare for the significant acceleration of new community openings over the next six quarters, we've also stayed focused on building our backlog to drive our revenues for the balance of this year and into 2022
(Read more) top... believe our emphasis on returned focus growth will continue to drive improved financial results, increased scale and higher returns to further enhance long-term stockholder value.
(Read more) topWe remain committed to our target of double digits year-over-year growth in community count for 2022.. . Favorable operating cash flow in the quarter, generated primarily from homes delivered, net of higher levels of...
(Read more) top... investment resulted in quarter and total liquidity of approximately $1.4 billion, including $608 million of cash and $788 million available under our unsecured revolving credit facility.
(Read more) topWe remain committed to our target of double digits year-over-year growth in community count for 2022.. . Favorable operating cash flow in the quarter, generated primarily from homes delivered, net of higher levels of land investment resulted in quarter and total liquidity of...
(Read more) topFavorable operating cash flow in the quarter, generated primarily from homes delivered, net of higher levels of land investment resulted in quarter and total liquidity of approximately $1.4 billion, including $608 million of cash and $788 million available under our unsecured revolving credit facility
(Read more) topFavorable operating cash flow in the quarter, generated primarily from homes delivered, net of higher levels of land investment resulted in quarter and total liquidity of approximately $1.4 billion, including $608 million of cash and $788 million available under our unsecured...
(Read more) top... prepare for the significant acceleration of new community openings over the next six quarters, we've also stayed focused on building our backlog to drive our revenues for the balance of this year and into 2022.
(Read more) top... focus on developing and opening new communities as quickly as possible in the next six quarters, we believe we can achieve sequential increases in our quarter-end community count over that period.
(Read more) topWith our significant year-over-year increase in lot supply and our focus on developing and opening new communities as quickly as possible in the next six quarters, we believe we can achieve sequential increases in our quarter-end community count over that period
(Read more) topAs we prepare for the significant acceleration of new community openings over the next six quarters, we've also stayed focused on building our backlog to drive our revenues for the balance of this year and into 2022.
(Read more) topLooking forward to 2022 with our strong lot pipeline, we remain on track for double-digit year-over-year community count growth. As we prepare for the significant acceleration of new community openings over the next six quarters,...
(Read more) topWith our operations performing well we leveraged 58% growth in housing revenues to generate a 216% increase in operating income for the quarter.
(Read more) topDuring the quarter, we generated improvements in all our key achieved profitability measures and continue to enhance our balance sheet strength and liquidity. With our operations performing well we leveraged 58% growth in housing revenues to generate a 216% increase in operating income for the quarter
(Read more) topWith our operations performing well we leveraged 58% growth in housing revenues to generate a 216% increase in operating income for the quarter.
(Read more) top... profitability measures and continue to enhance our balance sheet strength and liquidity. With our operations performing well we leveraged 58% growth in housing revenues to generate a 216% increase in operating income for the quarter
(Read more) topAs to lot premiums, we've found over time that clients [ph] can pick the home they want and build that home on a lot they choose they are willing to pay for that choice and we can generate additional revenue
(Read more) topSo we think it's a good time in a real good opportunity for our business model to go into Boise where nobody really operates there lately.
(Read more) topSo we think it's a good time in a real good opportunity for our business model to go into Boise where nobody really operates there lately.
(Read more) topOur teams work hard to earn our place as the number one customer ranked national homebuilder in third-party customer satisfaction surveys by prioritizing service and the relationships we have with our buyers and we're focused on continuing to do so during...
(Read more) top... teams work hard to earn our place as the number one customer ranked national homebuilder in third-party customer satisfaction surveys by prioritizing service and the relationships we have with our buyers and we're focused on continuing to do so during this time of limited supply.
(Read more) topOur teams work hard to earn our place as the number one customer ranked national homebuilder in third-party customer satisfaction surveys by prioritizing service and the relationships we have with our buyers and we're focused on continuing...
(Read more) top... number one customer ranked national homebuilder in third-party customer satisfaction surveys by prioritizing service and the relationships we have with our buyers and we're focused on continuing to do so during this time of limited supply.
(Read more) topAnd as we look at Boise the person that we've had there pursuing the land activity is a seasoned veteran in the market, been there a long time, and we're doing the same...
(Read more) top... in 2021, as compared to our expectations at the time of our last earnings call.. . Using the mid-points of our new guidance ranges, we now expect a 45% year-over-year increase in housing revenues and further expansion in our operating margin to 11.75%
(Read more) top... you made a comment earlier on that from the time you start the house you have kind of certainty of costs. And then you said afterwards that your typical timeline is about 45 to 60 days from contract to start.