AV Homes (AVHI) Reports In-Line Q1 EPS

AV Homes (NASDAQ: AVHI) reported Q1 EPS of ($0.23), in-line with the analyst estimate of ($0.23). Revenue for the quarter came in at $58.8 million versus the consensus estimate of $40.66 million.

• Closings increased 113% to 213 units
• Net new order value increased 162% to $130.5 million on a 143% increase in units
• Backlog value increased 69% to $164.7 million on 603 units
• Selling communities increased to 36 from 13 and communities with closings increased to 30 from 13

For earnings history and earnings-related data on AV Homes (AVHI) click here.

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