The New Home Company Reports 2021 first Quarter Results
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The New Home Co. (NWHM) Reports Q1 EPS of $0.03, Revenues Miss; Offers 2Q & FY21 Revenues Guidance Below Consensus
April 30, 2021 6:08 AM EDTThe New Home Co. (NYSE: NWHM) reported Q1 EPS of $0.03, versus ($0.42) reported last year. Revenue for the quarter came in at $99.16 million versus the consensus estimate of $124.9 million.
"The New Home Company started the year on a strong note as robust housing demand continued through the first quarter across all of our markets, stated Larry Webb, Executive Chairman of The New Home Company. Our net new orders and homes in backlog increased 114% and 273% year-over-year, respectively, while our gross margins from home sales increased 570 basis points resulting from strong pricing power, lower interest costs and the... More
