The New Home Co. (NWHM) Tops Q2 EPS by 26c
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The New Home Company Reports 2021 Second Quarter Results
July 29, 2021 6:00 AM EDTSCOTTSDALE, Ariz.--(BUSINESS WIRE)-- The New Home Company Inc. (NYSE: NWHM) today announced results for the 2021 second quarter.
Second Quarter 2021 Financial Results
Net income of $4.8 million, or $0.26 per diluted share Home sales revenue up 75% to $135.9 million as compared to $77.8 million for the 2020 second quarter Home sales gross margin of 17.3% as compared to (9.6%) for the 2020 second quarter Homebuilding gross margin before impairments was up 250 basis points to 17.3% as compared to 14.8%* in the 2020 second quarter; as further adjusted to exclude purchase accounting... More