Standard Pacific Corp. (SPF)

[MCArmel1]

Standard Pacific EPS in-line, beats on revenue

Jul 30 2015, 16:07 ET | About: Standard Pacific Corp. (SPF) | By: Mohit Manghnani, SA News Editor

Standard Pacific (NYSE:SPF): Q2 EPS of $0.14 in-line.
Revenue of $694.7M (+17.2% Y/Y) beats by $26.6M.
Press Release

http://seekingalpha.com/news/2677385-standard-pacific-eps-in-line-beats-on-revenue?uprof=45#email_link


Standard Pacific Corp. Reports 2015 Second Quarter Results
Thu July 30, 2015 4:04 PM|PR Newswire | About: SPF

IRVINE, Calif., July 30, 2015 /PRNewswire/ -- Standard Pacific Corp. (NYSE: SPF) today announced results for the second quarter ended June 30, 2015.

2015 Second Quarter Highlights and Comparisons to 2014 Second Quarter
•Net new orders of 1,567, up 10%; Dollar value of net new orders up 26% (excluding Q2 2014 acquisition)
•Backlog of 2,572 homes, up 12%; Dollar value of backlog up 30%
•203 average active selling communities, up 11%
•1,305 new home deliveries, up 6%
•Average selling price of $532 thousand, up 11%
•Home sale revenues of $694.7 million, up 17%
•Gross margin from home sales of 24.6%, compared to 26.6%
•Operating margin from home sales of $90.8 million, or 13.1%, compared to $89.7 million, or 15.2%
•Net income of $57.2 million, or $0.14 per diluted share, vs. net income of $56.5 million, or $0.14 per diluted share
•$190.0 million of land purchases and development costs, compared to $212.0 million
•Results include $5.2 million of transaction costs related to the proposed merger with The Ryland Group, Inc.

More...

http://seekingalpha.com/pr/14262655-standard-pacific-corp-reports-2015-second-quarter-results

[1center]

Thanks nice surprise $SPF @8.85 ^5%

[MCArmel1]

Homebuilders Standard Pacific, Ryland Group agree to merge

Jun 14 2015, 22:24 ET | About: Standard Pacific Corp. (SPF) | By: Carl Surran, SA News Editor

California-based homebuilders Standard Pacific (NYSE:SPF) and Ryland Group (NYSE:RYL) announce a merger agreement that would form a single company that would own or control 74K home sites and have a market cap of $5.2B.
The two companies say they will be building houses in 20 of the top 25 metro areas in the U.S. as a single company, and rank in the top five in market share in 15 of them; they say the merger should result in cost savings of $50M-$70M per year.
SPF CEO Scott Stowell will become executive chairman of the combined company, while RYL CEO Larry Nicholson will be its CEO.

http://seekingalpha.com/news/2579055-homebuilders-standard-pacific-ryland-group-agree-to-merge?uprof=45#email_link

[MCArmel1]

Standard Pacific misses by $0.02, misses on revenue

Apr 30 2015, 16:13 ET | About: Standard Pacific Corp. (SPF) | By: Gaurav Batavia, SA News Editor

Standard Pacific (NYSE:SPF): Q1 EPS of $0.08 misses by $0.02.
Revenue of $468.4M (+4.8% Y/Y) misses by $57.35M.
Press Release

http://seekingalpha.com/news/2474916-standard-pacific-misses-by-0_02-misses-on-revenue?auth_param=ano5b:1ak538b:f6a802d0e8c76746626f41581ca1e90b&uprof=45#email_link


Standard Pacific Corp. Reports 2015 First Quarter Results
Thu April 30, 2015 4:02 PM|PR Newswire | About: SPF

IRVINE, Calif., April 30, 2015 /PRNewswire/ -- Standard Pacific Corp. (NYSE: SPF) today announced results for the first quarter ended March 31, 2015.

2015 First Quarter Highlights and Comparisons to 2014 First Quarter
•Net new orders of 1,571, up 20%; Dollar value of net new orders up 31%
•Backlog of 2,310 homes, up 15%; Dollar value of backlog up 29%
•198 average active selling communities, up 14%
•972 new home deliveries, down 2%
•Average selling price of $482 thousand, up 7%
•Home sale revenues of $468.4 million, up 5%
•Gross margin from home sales of 24.2%, compared to 26.6%
•Operating margin from home sales of $47.5 million, or 10.1%, compared to $60.1 million, or 13.4%
•Net income of $31.6 million, or $0.08 per diluted share, vs. net income of $38.2 million, or $0.09 per diluted share
•$160.1 million of land purchases and development costs, compared to $224.1 million

Scott Stowell, the Company's President and Chief Executive Officer commented, "I'm pleased with our first quarter results and the start to the spring selling season. With our orders up 20%, backlog value up 29% and the solid improvement we are seeing in our backlog gross margin, 2015 is setting up to be another year of solid growth and performance for the Company."

Orders. Net new orders for the 2015 first quarter were up 20% from the 2014 first quarter, to 1,571 homes, with the dollar value of these orders up 31%. The Company's monthly sales absorption rate was 2.6 per community for the 2015 first quarter, up 5% from the 2014 first quarter and up 49% compared to the 2014 fourth quarter. The increase in sales absorption rate from the 2014 fourth quarter to the 2015 first quarter was above the seasonality we typically experience in our business. The Company's cancellation rate for the 2015 first quarter was 11% compared to 14% for the 2014 first quarter and 21% for the 2014 fourth quarter.

Backlog. The dollar value of homes in backlog increased 29% to $1.3 billion, or 2,310 homes, compared to $1.0 billion, or 2,016 homes, for the 2014 first quarter, and increased 41% compared to $916.4 million, or 1,711 homes, for the 2014 fourth quarter. The increase in year-over-year backlog value was driven primarily by a 13% increase in the average selling price of the homes in backlog, reflecting the continued execution of our move-up homebuyer focused strategy and a favorable pricing environment in select markets.

Revenue. Revenues from home sales for the 2015 first quarter increased 5%, to $468.4 million, as compared to the prior year period, resulting primarily from a 7% increase in the Company's average home price to $482 thousand, partially offset by a 2% decrease in new home deliveries. The increase in average home price was primarily attributable to a shift to more move-up product and general price increases within a majority of the Company's markets. The decrease in new home deliveries compared to the prior year period was driven primarily by a 14% decrease in deliveries from the Company's California region, partially offset by an 11% increase from the Company's Southwest region.

Gross Margin. Gross margin percentage from home sales for the 2015 first quarter was 24.2%, down 100 basis points from last quarter, consistent with the Company's expectations. As previously disclosed, we anticipate our full year gross margin will be in the 24-25% range.

Land. During the 2015 first quarter, the Company spent $160.1 million on land purchases and development costs, compared to $224.1 million for the 2014 first quarter. The Company purchased $78.5 million of land, consisting of 971 homesites, of which 31% (based on homesites) is located in California, 28% in Texas, 21% in the Carolinas, 19% in Florida, and 1% in Colorado. As of March 31, 2015, the Company owned or controlled 35,183 homesites, of which 24,771 were owned and actively selling or under development, 5,999 were controlled or under option, and the remaining 4,413 homesites were held for future development or for sale. The homesites owned that are actively selling or under development represent a 5.0 year supply based on the Company's deliveries for the trailing twelve months ended March 31, 2015.

Liquidity. The Company ended the quarter with $516 million of available liquidity, including $81 million of unrestricted homebuilding cash and $435 million available to borrow under the revolving credit facility. The revolving credit facility has an accordion feature under which the aggregate commitment may be increased from $450 million to a maximum amount of $750 million, subject to the Company's future needs and the availability of additional bank capacity. The Company's homebuilding debt to book capitalization as of March 31, 2015 and 2014 was 56.0% and 54.9%, respectively, and adjusted net homebuilding debt to adjusted book capitalization was 54.6%* and 51.7%*, respectively. In addition, the Company's homebuilding debt to adjusted homebuilding EBITDA for the LTM period ending March 31, 2015 and 2014 was 4.6x* and 4.5x*, respectively.

Earnings Conference Call

A conference call to discuss the Company's 2015 first quarter results will be held at 12:00 p.m. Eastern time May 1, 2015. The call will be broadcast live over the Internet and can be accessed through the Company's website at ir.standardpacifichomes.com. The call will also be accessible via telephone by dialing [phone] (domestic) or [phone] (international); Passcode: 7558033. The audio transmission with the slide presentation will be available on our website for replay within 2 to 3 hours following the live broadcast, and can be accessed by dialing [phone] (domestic) or [phone] (international); Passcode: 7558033.


More...

http://seekingalpha.com/pr/13341926-standard-pacific-corp-reports-2015-first-quarter-results

[1center]

$SPF Took a little divi there @8 off a small trade.

[1center]

$SPF Standard Pacific's CEO Scott Stowell on Q4 2014 Results -- Earnings Call Transcript..#Homebuilder #stocks

http://seekingalpha.com/article/2894876-standard-pacifics-spf-ceo-scott-stowell-on-q4-2014-results-earnings-call-transcript?auth_param=21hhj:1adai9a:1cc3cf0705313b05dc841355772c93ac&uprof=45

[1center]

$SPF #Homebuilder Not a bad entry point @7.27 Earnings Today CC Tomorrow
12noon

More info..http://phx.corporate-ir.net/mobile.view?c=95153&p=irol-IRHome

[1center]

$SPF 2 upgrades green @7.75 (:

[1center]

$SPF Filled today @7.14 let's see how this roles...
Theses guys a have a nice land position going forward
into the new year. So I want label this buy as a trade
just yet. Still holding long more.

[1center]

$SPF @7.16 worth a trade here still long..The week ahead #Homebuilders

http://research.investors.com/quotes/nyse-standard-pacific-corp-spf.htm?fromsearch=1

http://news.investors.com/120714-729297-toll-brothers-hovnanian-earnings-wednesday.htm?ven=yahoocp&src=aurlled&ven=yahoo

[1center]

Grabbed a trade $SPF @7.26 still holding long too.

[MCArmel1]

Standard Pacific misses by $0.01, misses on revenue

Oct 30 2014, 16:06 ET | About: Standard Pacific Corp. (SPF) | By: Mohit Manghnani, SA News Editor

Standard Pacific (NYSE:SPF): Q3 EPS of $0.14 misses by $0.01.
Revenue of $603.8M (+18.1% Y/Y) misses by $19.69M.
Press Release

http://seekingalpha.com/news/2078485-standard-pacific-misses-by-0_01-misses-on-revenue?uprof=45#email_link


Standard Pacific Corp. Reports 2014 Third Quarter Results
Thu October 30, 2014 4:01 PM|PR Newswire | About: SPF

IRVINE, Calif., Oct. 30, 2014 /PRNewswire/ -- Standard Pacific Corp. (NYSE: SPF) today announced results for the third quarter ended September 30, 2014.

2014 Third Quarter Highlights and Comparisons to the 2013 Third Quarter
•Net income of $56.6 million, or $0.14 per diluted share, vs. $58.9 million, or $0.15 per diluted share
•Pretax income of $92.1 million, up 31%
•Net new orders of 1,154, up 4%; Dollar value of net new orders up 11%
•Backlog of 2,208 homes, up 2%; Dollar value of backlog up 17%
•185 average active selling communities, up 10%
•Home sale revenues of $603.8 million, up 18%
•Average selling price of $483 thousand, up 15%
•1,250 new home deliveries, up 3%
•Gross margin from home sales of 26.3%, compared to 25.3%
•Operating margin from home sales of $88.7 million, or 14.7%, compared to $67.4 million, or 13.2%
•$251.2 million of land purchases and development costs, compared to $156.3 million

Scott Stowell, the Company's President and Chief Executive Officer commented, "The solid performance we achieved during the first half of 2014 continued into the third quarter, with pretax income, home sale revenues and backlog value up 31%, 18% and 17%, respectively, over the prior year period." Mr. Stowell added, "In addition, I am pleased with the growth in our operating margin from home sales, which was 14.7% for the 2014 third quarter, compared to 13.2% for the prior year period."

More...


http://seekingalpha.com/pr/11511485-standard-pacific-corp-reports-2014-third-quarter-results

[1center]

$SPF Standard Pacific Corp. Reports 2014 Third Quarter Results

Q3 2014 pretax income of $92.1 million, up 31% from Q3 2013

Q3 2014 backlog value of $1.1 billion, up 17% from Q3 2013

PR Newswire

IRVINE, Calif., Oct. 30, 2014

IRVINE, Calif., Oct. 30, 2014 /PRNewswire/ -- Standard Pacific Corp. (NYSE: SPF) today announced results for the third quarter ended September 30, 2014.

2014 Third Quarter Highlights and Comparisons to the 2013 Third Quarter

-- Net income of $56.6 million, or $0.14 per diluted share, vs. $58.9

million, or $0.15 per diluted share

-- Pretax income of $92.1 million, up 31%

-- Net new orders of 1,154, up 4%; Dollar value of net new orders up 11%

-- Backlog of 2,208 homes, up 2%; Dollar value of backlog up 17%

-- 185 average active selling communities, up 10%

-- Home sale revenues of $603.8 million, up 18%

-- Average selling price of $483 thousand, up 15%

-- 1,250 new home deliveries, up 3%

-- Gross margin from home sales of 26.3%, compared to 25.3%

-- Operating margin from home sales of $88.7 million, or 14.7%, compared to

$67.4 million, or 13.2%

-- $251.2 million of land purchases and development costs, compared to

$156.3 million

Scott Stowell, the Company's President and Chief Executive Officer commented, "The solid performance we achieved during the first half of 2014 continued into the third quarter, with pretax income, home sale revenues and backlog value up 31%, 18% and 17%, respectively, over the prior year period." Mr. Stowell added, "In addition, I am pleased with the growth in our operating margin from home sales, which was 14.7% for the 2014 third quarter, compared to 13.2% for the prior year period."

Revenue. Revenues from home sales for the 2014 third quarter increased 18%, to $603.8 million, as compared to the prior year period, resulting primarily from a 15% increase in the Company's average home price to $483 thousand, the highest quarterly average home price in the Company's nearly 50 year history, and a 3% increase in new home deliveries. The increase in average home price was primarily attributable to a shift to more move-up product and general price increases within a majority of the Company's markets. The increase in new home deliveries compared to the prior year period was driven primarily by the increase in deliveries from the Company's Southwest region where the Company's average active selling communities grew 31%, and an 81% increase in speculative homes sold and closed during the quarter.

Orders. Net new orders for the 2014 third quarter were up slightly from the 2013 third quarter, to 1,154 homes, with the dollar value of these orders up 11%. The Company's monthly sales absorption rate was 2.1 per community for the 2014 third quarter, relatively flat compared to 2.2 per community for the 2013 third quarter and 2.8 per community for the 2014 second quarter (or 2.6 per community for the 2014 second quarter excluding the backlog the Company acquired in connection with the acquisition of an Austin, Texas homebuilder in June 2014). The decrease in sales absorption rate from the 2014 second quarter to the 2014 third quarter (excluding the impact of the second quarter acquisition) was consistent with the seasonality we typically experience in our business. The Company's cancellation rate for the 2014 third quarter was 19%, compared to 20% for the 2013 third quarter and 14% for the 2014 second quarter. Our 2014 third quarter cancellation rate remains below our average historical cancellation rate of approximately 21% over the last 10 years.

Backlog. The dollar value of homes in backlog increased 17% to $1.1 billion, or 2,208 homes, compared to $964.1 million, or 2,165 homes, for the 2013 third quarter, and decreased 1% compared to $1.1 billion, or 2,304 homes, for the 2014 second quarter. The increase in year-over-year backlog value was driven primarily by a 15% increase in the average selling price of the homes in backlog, reflecting the continued execution of our move-up homebuyer focused strategy and a favorable pricing environment in select markets.

Land. During the 2014 third quarter, the Company spent $251.2 million on land purchases and development costs, compared to $156.3 million for the 2013 third quarter. The Company purchased $155.7 million of land, consisting of 1,377 homesites, of which 37% (based on homesites) is located in California, 35% in Florida, 13% in the Carolinas, 8% in Colorado and 7% in Texas. As of September 30, 2014, the Company owned or controlled 36,307 homesites, of which 23,997 were owned and actively selling or under development, 7,370 were controlled or under option, and the remaining 4,940 homesites were held for future development or for sale. The homesites owned that are actively selling or under development represent a 5.0 year supply based on the Company's deliveries for the trailing twelve months ended September 30, 2014.

Liquidity. The Company ended the quarter with $465 million of available liquidity, including $15 million of unrestricted homebuilding cash and a $450 million untapped revolving credit facility. The revolving credit facility has an accordion feature under which the aggregate commitment may be increased to a maximum amount of $750 million, subject to the Company's future needs and the availability of additional bank capacity. The Company's homebuilding debt to book capitalization as of September 30, 2014 and 2013 was 52.9% and 56.8%, respectively, and adjusted net homebuilding debt to adjusted book capitalization was 52.2%* and 51.1%*, respectively. In addition, the Company's homebuilding debt to adjusted homebuilding EBITDA for the LTM period ending September 30, 2014 and 2013 was 3.9x* and 5.8x*, respectively.

[1center]

$SPF Keeps getting better. Share Repurchase Program...The Company intends to retire the repurchased shares.

http://phx.corporate-ir.net/mobile.view?c=95153&p=irol-IRHome

[1center]

$SPF..Another 100 @7.35 Standard Pacific Corp....
http://en.m.wikipedia.org/wiki/Standard_Pacific_Homes

[1center]

$SPF beat EPS and revenue consensus -- prior comment has been edited (SPF) : Reports Q2 (Jun) earnings of $0.14 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.13; revenues rose 35.1% year/year to $592.5 mln vs the $555.1 mln consensus. (Our prior comment contained inaccurate consensus estimates.)

http://finance.yahoo.com/q?s=SPF&ql=0

[MCArmel1]

Standard Pacific misses by $0.01, beats on revenue

Jul 31 2014, 16:11 ET | About: Standard Pacific Corp. (SPF)

Standard Pacific (NYSE:SPF): Q2 EPS of $0.14 misses by $0.01.
Revenue of $592.5M (+35.1% Y/Y) beats by $29.15M.
Press Release

http://seekingalpha.com/news/1889655-standard-pacific-misses-by-0_01-beats-on-revenue?app=1&uprof=45


Standard Pacific Corp. Reports 2014 Second Quarter Results
Thu July 31, 2014 4:02 PM|PR Newswire | About: SPF

IRVINE, Calif., July 31, 2014 /PRNewswire/ -- Standard Pacific Corp. (SPF) today announced results for the second quarter ended June 30, 2014.

2014 Second Quarter Highlights and Comparisons to the 2013 Second Quarter
•Net income of $56.5 million, or $0.14 per diluted share, vs. $43.1 million, or $0.11 per diluted share
•Pretax income of $91.8 million, up 80%
•Net new orders of 1,524, up 1%; Dollar value of net new orders up 10%
•Backlog of 2,304 homes, up 1%; Dollar value of backlog up 20%
•183 average active selling communities, up 12%
•Home sale revenues of $591.7 million, up 36%
•Average selling price of $479 thousand, up 21%
•1,236 new home deliveries, up 13%
•Gross margin from home sales of 26.6%, compared to 23.7%
•Operating margin from home sales of $89.7 million, or 15.2%, compared to $48.2 million, or 11.1%
•$212.0 million of land purchases and development costs, compared to $311.2 million

http://seekingalpha.com/pr/10641175-standard-pacific-corp-reports-2014-second-quarter-results

[1center]

$SPF Pets' amenities rising trend for #homebuilders

LOS ANGELES (AP) — These homes are set apart by their amenities — for dogs.

Standard Pacific Homes is building and selling these homes in 27 of its 190 developments from Florida to California and is believed to be the first to offer a pet suite as an option in every one.



http://data.cnbc.com/quotes/SPF

[1center]

Holding gains nice $SPF #Homebuilder

[1center]

Come on $SPF You can do it #Homebuilder Great Co.
http://www.standardpacifichomes.com/

[1center]

$SPF..•Net income of $38.2 million, or $0.09 per diluted share, vs. $21.8 million, or $0.05 per diluted share
•Pretax income of $61.6 million, up 74%
•Net new orders of 1,311, down 6%; Dollar value of net new orders up 16%
•Backlog of 2,016 homes, up 9%; Dollar value of backlog up 39%
•174 average active selling communities, up 10%
•Home sale revenues of $446.9 million, up 26%
•Average selling price of $449 thousand, up 20%
•995 new home deliveries, up 5%
•Gross margin from home sales of 26.6%, compared to 21.0%
•Operating margin from home sales of $60.1 million, or 13.4%, compared to $28.2 million, or 7.9%
•$224.1 million of land purchases and development costs, compared to $124.4 million

[1center]

$SPF.. Sales of new single-family homes started 2014 with surprising strength, with January posting the fastest pace in more than five years, according to government data released Wednesday.

ECONOMIC REPORT Archives | Email alerts
Feb. 26, 2014, 12:29 p.m. EST
New-home sales race higher in January

http://www.marketwatch.com/story/new-home-sales-race-higher-in-january-2014-02-26

[1center]

$SPF..For 2013, we generated homebuilding pretax income of $246.3 million compared to $67.6 million in 2012. This improvement was primarily the result
of a 40% increase in new home deliveries, an increase in gross margin from home sales, a $6.4 million decrease in interest expense and the operating leverage
inherent in our business.
For 2012, we generated homebuilding pretax income of $67.6 million compared to a pretax loss of $18.2 million in 2011. This improvement was
primarily the result of a 30% increase in new home deliveries, a $13.2 million decrease in asset impairment charges, an increase in gross margin from home
sales, an $18.8 million decrease in interest expense and our operating leverage.
Revenues
Homebuilding revenues for 2013 increased 55% from 2012 as a result of a 40% increase in new home deliveries and a 14% increase in our consolidated
average home price to $413 thousand, partially offset by a $31.1 million decrease in land sale revenues. Homebuilding revenues for 2012 increased 40% from
2011 as a result of a 30% increase in new home deliveries, a $45.8 million increase in land sale revenues and a 4% increase in our consolidated average home
price to $362 thousand.

New home deliveries increased 40% in 2013 as compared to the prior year, driven largely by a 106% increase in the number of homes in backlog at
the beginning of the year as compared to the year earlier period and a 22% increase in net new orders, partially offset by a decrease in speculative homes sold
and closed during the year. New home deliveries increased 30% in 2012 compared to 2011, driven largely by a 64% increase in the number of homes in
backlog at the beginning of the year as compared to the year earlier period and a 44% increase in net new orders.

10K 02/24/2014...http://phx.corporate-ir.net/phoenix.zhtml?c=95153&p=irol-sec

[MCArmel1]

Standard Pacific Corp. beats by $0.06, beats on revenue

Feb 5 2014, 16:38 ET

Standard Pacific Corp. (SPF): Q4 EPS of $0.16 beats by $0.06.
Revenue of $606.45M (+44.4% Y/Y) beats by $40.72M.


http://seekingalpha.com/news/1551151-standard-pacific-corp-beats-by-0_06-beats-on-revenue?source=email_rt_mc_readmore

[MCArmel1]

Standard Pacific EPS in-line, misses on revenues

Standard Pacific (SPF): FQ3 EPS of $0.15 in-line.
Revenue of $511.75M misses by $39.73M. (PR)


http://seekingalpha.com/currents/post/1376192?source=email_rt_mc_readmore

[MCArmel1]

Standard Pacific (SPF +2.2%) says it's completed the acquisition of select homebuilding assets from Centerline Homes homebuilding affiliates. The acquisition includes approximately thirty current and pending communities, of which five are actively selling. Specific terms of the deal were not disclosed.

http://seekingalpha.com/currents/post/1085472?source=email_rt_mc_readmore

[MCArmel1]

1st Quarter Ending March 2013

Earnings Whisper ®: $0.06
Consensus Estimate: $0.05
Surprise Expectation 1:
Release Date: [not confirmed] 5/2/2013
After Close
Expected Time 2: N/A
Conference Call: 12:00 PM ET
(on 5/3)

[MCArmel1]

Nice week for SPF.. news out of housing seems to be just getting better!

[MCArmel1]

Very nice Pop over $9 today..

[eastunder]

SPF: Q4 Adj EPS 8c vs 4c Beats 7c Est

Friday , February 01, 2013 06:30ET

QUARTER RESULTS
Standard Pacific Corp. (SPF) reported Q4 results ended December 2012. Q4 Revenues were $419.80M; +43.20% vs yr-ago; BEATING revenue consensus by +12.59%. Q4 EPS was $1.22. Adjusted Q4 EPS was 8c; +100.00% vs yr-ago; BEATING earnings consensus by +14.29%.

Q4 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:       $419.80M      $293.16M     +43.20%      $372.87M     +12.59% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:               $1.22           N/A         N/A           N/A         N/A 
 Adj EPS:              8c            4c    +100.00%            7c     +14.29% 
 ----------  ------------  ------------  ----------  ------------  ----------

YEAR-END RESULTS
Co. also reported Year-End results ended December 2012. FY Revenues were $1,236.96M; +40.09% vs yr-ago; BEATING revenue consensus by +3.61%. FY EPS was $1.44. Adjusted FY EPS was 21c; +520.00% vs yr-ago; BEATING earnings consensus by +10.53%.

FY RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:     $1,236.96M      $882.99M     +40.09%    $1,193.85M      +3.61% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:               $1.44           N/A         N/A           N/A         N/A 
 Adj EPS:             21c          (5c)    +520.00%           19c     +10.53% 
 ----------  ------------  ------------  ----------  ------------  ----------

[eastunder]

Standard Pacific Corp. Schedules 2012 Fourth Quarter Results Conference Call And Webcast

Thursday , January 03, 2013 17:49ET


IRVINE, Calif., Jan. 3, 2013 /PRNewswire/ -- Standard Pacific Corp. (NYSE: SPF) will release its 2012 fourth quarter results after the market close of the NYSE on Thursday, January 31, 2013. In conjunction with the earnings release, the Company will host a conference call and broadcast a slide show and audio presentation over the internet on Friday, February 1, 2013, at 12:00 p.m. Eastern time.

What: Standard Pacific Corp. Conference Call and Webcast for
2012 Fourth Quarter Results

When: Friday, February 1, 2013 at 12:00 p.m. Eastern time

Where: http://ir.standardpacifichomes.com click on the Webcast link. A replay of
the presentation will be available by the end of the day and will be
archived for 31 days.

How: Live via the Internet - log on to the above address. You may listen to
the Webcast by using streaming audio or by using the following
teleconference number: [phone] (domestic) or [phone]
(international); Passcode: 5053434. A replay of the conference call will
be available by dialing [phone] (domestic) or ­­­[phone]
(international); Passcode: 5053434.

Standard Pacific, one of the nation's largest homebuilders, has built more than 115,000 homes during its 47-year history. The Company constructs homes within a wide range of price and size targeting a broad range of homebuyers. Standard Pacific operates in many of the largest housing markets in the country with operations in major metropolitan areas in California, Florida, Arizona, the Carolinas, Texas and Colorado. For more information about the Company and its new home developments, please visit our website at: www.standardpacifichomes.com.


SOURCE Standard Pacific Corp.

[eastunder]

SPF

[eastunder]

Standard Pacific Corp. Reports 2012 Third Quarter Results

Thursday , October 25, 2012 16:02ET

IRVINE, Calif., Oct. 25, 2012 /PRNewswire/ -- Standard Pacific Corp. (NYSE: SPF) today announced results for the third quarter ended September 30, 2012.

2012 Third Quarter Highlights and Comparisons to the 2011 Third Quarter:

-- Net income of $21.7 million, or $0.05 per diluted share, vs. net loss of
$6.4 million, or $0.02 per diluted share
-- Net new orders of 989, up 29%
-- Backlog of 1,394 homes, up 64%
-- 156 average active selling communities, down 2%
-- Homebuilding revenues up 32%
-- Average selling price of $369 thousand, up 7%
-- 861 new home deliveries, up 24%
-- Gross margin from home sales of 20.2%, compared to 15.8% (18.8%*
excluding impairment charges)
-- SG&A rate from home sales of 13.6%, a 260 basis point improvement
-- $246.2 million of land purchases and development costs compared to
$106.4 million
-- Adjusted Homebuilding EBITDA of $51.5 million*, or 16.2%* of
homebuilding revenues, compared to $28.4 million*, or 11.7%* of
homebuilding revenues
-- Homebuilding cash balance of $500 million
-- Amended undrawn revolving credit facility in October 2012 to increase
capacity to $350 million

Scott Stowell, the Company's Chief Executive Officer and President commented, "We are pleased that the positive momentum we experienced during the first half of 2012 continued into the third quarter. We earned $21.7 million, with deliveries up 24%, orders up 29% and homebuilding revenues up 32% over the prior year period. We are most pleased by the significant 64% year-over-year increase in the dollar value and number of homes in backlog to approximately $500 million, or 1,400 homes. Our solid third quarter results reflect the execution of our strategy and improved housing market conditions during the quarter."

Revenues from home sales for the 2012 third quarter increased 31%, to $317.4 million from $241.4 million, as compared to the prior year period, primarily due to a 24% increase in new home deliveries (excluding joint ventures) to 861 homes and a 7% increase in our consolidated average home price to $369 thousand. The increase in new home deliveries was driven by a 62% increase in the number of homes in backlog at the beginning of the quarter as compared to the prior year period.

Gross margin from home sales for the 2012 third quarter increased to 20.2% compared to 15.8% (18.8%* excluding $7.2 million of inventory impairment charges) in the prior year period. Excluding inventory impairment charges and previously capitalized interest costs, gross margin from home sales was 28.7%* for the 2012 third quarter versus 26.6%* for the 2011 third quarter. This 210 basis point improvement was primarily attributable to a mix shift to more deliveries from higher margin communities, price increases in certain communities with higher sales absorption, and improved margins from speculative homes sold and delivered during the quarter.

The Company's 2012 third quarter SG&A expenses (including Corporate G&A) were $43.1 million compared to $39.1 million for the prior year period, down 260 basis points as a percentage of home sale revenues to 13.6%, compared to 16.2% for the 2011 third quarter. The improvement in the Company's SG&A rate was primarily due to a 31% increase in revenues from home sales and the operating leverage inherent in our business.

Net new orders (excluding joint ventures) for the 2012 third quarter increased 29% from the 2011 third quarter to 989 homes. The 29% year-over-year growth is attributable to a 32% increase in the Company's monthly sales absorption rate, partially offset by a 2% decrease in the number of average active selling communities. The Company's monthly sales absorption rate for the 2012 third quarter was 2.1 per community, compared to 1.6 per community for the 2011 third quarter and 2.4 per community for the 2012 second quarter. The 10% decrease in absorption rate from the 2012 second quarter to the 2012 third quarter is slightly better than the historical seasonality for the Company. The Company's cancellation rate for the 2012 third quarter was 14%, compared to 16% for the 2011 third quarter and 11% for the 2012 second quarter.

The dollar value of homes in backlog (excluding joint ventures) increased 64% to $498.7 million, or 1,394 homes, compared to $304.8 million, or 848 homes, for the 2011 third quarter, and increased 13% compared to $439.7 million, or 1,266 homes, for the 2012 second quarter. The increase in year over year backlog value was driven primarily by a 29% increase in net new orders and a shift to more to-be-built homes.

The Company used $72.4 million of cash in operating activities for the 2012 third quarter versus $78.5 million in the 2011 third quarter. During the 2012 third quarter, the Company spent $246.2 million on land purchases and development costs, of which $140.8 million of cash land purchases and development costs were included in cash flows used in operating activities, compared to $106.4 million for the 2011 third quarter. Excluding land purchases and development costs, cash inflows from operating activities for the 2012 third quarter were $68.4 million* versus $27.9 million* in the 2011 third quarter. The year over year increase in cash inflows from operating activities (excluding land purchases and development costs) was primarily due to a 31% increase in home sale revenues.

The Company purchased $206.7 million of land (3,497 homesites) during the 2012 third quarter, of which 76% (based on homesites) was located in California and 11% in Texas, with the balance spread throughout the Company's other operations. The Company purchased $337.3 million of land (6,259 homesites) during the nine months ended September 30, 2012, of which 47% (based on homesites) was located in California, 24% in the Carolinas, 13% in Texas and 13% in Florida, with the balance spread throughout the Company's other operations. As of September 30, 2012, the Company owned or controlled 30,154 homesites, of which 17,718 are owned and actively selling or under development, 6,180 are controlled or under option, and the remaining 6,256 homesites are held for future development or for sale. The homesites owned that are actively selling or under development represent a 5.7 year supply based on the Company's deliveries for the trailing twelve months ended September 30, 2012.

Earnings Continued at:

http://www.knobias.com/story.htm?eid=3.1.e698e6d42a4d0c841403e2a7b6f4eb31c210fbe8169bfb166969b13c04601d3d

[eastunder]

SPF: Q3 EPS 5c vs (2c) Misses 6c Est

Thursday , October 25, 2012 16:37ET

QUARTER RESULTS
Standard Pacific Corp. (SPF) reported Q3 results ended September 2012. Q3 Revenues were $317.39M; +31.27% vs yr-ago; MISSING revenue consensus by -5.95%. Q3 EPS was 5c; +350.00% vs yr-ago; MISSING earnings consensus by -16.67%.

Q3 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:       $317.39M      $241.79M     +31.27%      $337.46M      -5.95% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:                  5c          (2c)    +350.00%            6c     -16.67% 
 ----------  ------------  ------------  ----------  ------------  ----------

[eastunder]

SPF 3Q earnings 10-25-12 AMC


Standard Pacific Corp. Schedules 2012 Third Quarter Results Conference Call And Webcast

Friday , September 28, 2012 13:41ET


IRVINE, Calif., Sept. 28, 2012 /PRNewswire/ -- Standard Pacific Corp. (NYSE:SPF) will release its 2012 third quarter results after the market close of the NYSE on Thursday, October 25, 2012. In conjunction with the earnings release, the Company will host a conference call and broadcast a slide show and audio presentation over the internet on Friday, October 26, 2012, at 12:00 p.m. Eastern time.

What: Standard Pacific Corp. Conference Call and Webcast for
2012 Third Quarter Results

When: Friday, October 26, 2012 at 12:00 p.m. Eastern time

Where: http://ir.standardpacifichomes.com click on the Webcast link. A replay of
the presentation will be available by the end of the day and will be
archived for 31 days.

How: Live via the Internet - log on to the above address. You may listen to the
Webcast by using streaming audio or by using the following teleconference
number: [phone] (domestic) or [phone] (international);
Passcode: 8191394. A replay of the conference call will be available by
dialing [phone] (domestic) or ­­­[phone] (international);
Passcode: 8191394.

Standard Pacific, one of the nation's largest homebuilders, has built more than 115,000 homes during its 47-year history. The Company constructs homes within a wide range of price and size targeting a broad range of homebuyers. Standard Pacific operates in many of the largest housing markets in the country with operations in major metropolitan areas in California, Florida, Arizona, the Carolinas, Texas and Colorado. For more information about the Company and its new home developments, please visit our website at: www.standardpacifichomes.com.

[eastunder]

SPF:

[eastunder]

Standard Pacific Corp. Announces Pricing of Convertible Senior Notes Due 2032 and 12.5 Million Shares of Common Stock and Inc...


Standard Pacific (NYSE:SPF)
Intraday Stock Chart

Today : Wednesday 1 August 2012

Standard Pacific Corp. (NYSE: SPF) today announced the pricing of its previously announced public offering of convertible senior notes due 2032 and the increase of the offering size to $220 million aggregate principal amount. The Company also granted to the underwriters of the notes offering an option to purchase up to an additional $33.0 million aggregate principal amount of notes solely to cover over allotments. J.P. Morgan, Citigroup, Credit Suisse and BofA Merrill Lynch are acting as joint book-running managers for the notes offering.

The notes will pay interest semi-annually in arrears at a rate of 1.25% per year and will mature in 2032, unless earlier redeemed, repurchased or converted. The notes are convertible into shares of the Company's common stock at an initial conversion rate of 123.7662 shares per $1,000 principal amount of notes, which is equal to a conversion price of approximately $8.08 per share, subject to adjustment in certain circumstances. The notes will be guaranteed on a senior unsecured basis by certain of the Company's subsidiaries that have guaranteed the Company's outstanding notes.

The Company may not redeem the notes prior to August 5, 2017. On or after August 5, 2017 and prior to the maturity date, the Company may redeem for cash all or part of the notes at a redemption price equal to 100% of the principal amount of the notes being redeemed, plus accrued but unpaid interest (including additional interest, if any) to, but excluding, the redemption date. On each of August 1, 2017, August 1, 2022 and August 1, 2027, holders of the notes may require the Company to purchase all or any portion of their notes for cash at a price equal to 100% of the principal amount of the notes to be repurchased, plus accrued but unpaid interest (including additional interest, if any) to, but excluding, the repurchase date.

The Company also announced the pricing of the concurrent public offering by the Company of 12.5 million shares of its common stock, at a public offering price of $5.67 per share, resulting in gross proceeds of approximately $70.9 million, before deducting underwriting discounts and commissions and other estimated offering expenses. The Company granted to the underwriters of the common stock offering an option to purchase up to an additional 1.875 million shares of common stock solely to cover over allotments. J.P. Morgan, Citigroup, Credit Suisse and BofA Merrill Lynch are also acting as joint book-running managers for the common stock offering.

The Company intends to use the net proceeds of the notes offering and the concurrent common stock offering for general corporate purposes, including land acquisition and development, home construction, and other related purposes. The closing of the notes offering and common stock offering are expected to occur on August 6, 2012, subject to customary closing conditions. Neither the notes offering nor the common stock offering will be conditioned upon consummation of the other.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

Standard Pacific has filed a registration statement (including a prospectus) and prospectus supplements with the Securities and Exchange Commission (the "SEC") for the offerings to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents Standard Pacific has filed with the SEC for more complete information about Standard Pacific and these offerings. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, copies may be obtained from J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions at 1155 Long Island Avenue, Edgewood, New York 11717 or toll free at [phone], Citigroup, Brooklyn Army Terminal, 140 58th Street, Brooklyn, New York 11220 or toll free at [phone], Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, e-mail: [e-mail] or toll free at [phone], or BofA Merrill Lynch, 222 Broadway, 7th Floor, New York, New York 10038, Attention: Prospectus Department, e-mail: [e-mail].

[eastunder]

Standard Pacific Corp. Announces Proposed Concurrent Offering of $150 Million of Convertible Senior Notes Due 2032 and 12.5 M...

Today : Tuesday 31 July 2012

Standard Pacific Corp. Announces Proposed Concurrent Offering of $150 Million of Convertible Senior Notes Due 2032 and 12.5 Million Shares of Common Stock
PR Newswire

IRVINE, Calif., July 31, 2012

IRVINE, Calif., July 31, 2012 /PRNewswire/ -- Standard Pacific Corp. (NYSE: SPF) today announced the proposed public offering by the Company of $150 million aggregate principal amount of convertible senior notes due 2032. The Company also expects to grant the underwriters of the proposed notes offering an option to purchase up to an additional $22.5 million aggregate principal amount of notes solely to cover over allotments. J.P. Morgan, Citigroup, Credit Suisse and BofA Merrill Lynch will act as joint book-running managers for the proposed notes offering.

The principal amount of the notes will be convertible into shares of the Company's common stock. The interest rate, conversion rate, conversion price and certain other pricing terms of the notes will be determined at the time of pricing of the offering by the Company and the underwriters. The notes will be guaranteed on a senior unsecured basis by certain of the Company's subsidiaries that have guaranteed the Company's outstanding notes.

The Company also announced the proposed concurrent public offering by the Company of 12.5 million shares of its common stock. The Company also expects to grant the underwriters of the proposed common stock offering an option to purchase up to an additional 1.875 million shares of common stock solely to cover over allotments. J.P. Morgan, Citigroup, Credit Suisse and BofA Merrill Lynch will also act as joint book-running managers for the proposed common stock offering.

The Company intends to use the net proceeds of the notes offering and the concurrent common stock offering for general corporate purposes, including land acquisition and development, home construction, and other related purposes. Neither the notes offering nor the common stock offering will be conditioned upon consummation of the other.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

Standard Pacific has filed a registration statement (including a prospectus) and will file prospectus supplements with the Securities and Exchange Commission (the "SEC") for the offerings to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents Standard Pacific has filed and will file with the SEC for more complete information about Standard Pacific and these offerings. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, copies may be obtained from J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions at 1155 Long Island Avenue, Edgewood, New York 11717 or toll free at [phone], Citigroup, Brooklyn Army Terminal, 140 58th Street, Brooklyn, New York 11220 or toll free at [phone], Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, e-mail: [e-mail] or toll free at [phone], or BofA Merrill Lynch, 222 Broadway, 7th Floor, New York, New York 10038, Attention: Prospectus Department, e-mail: [e-mail].

[eastunder]

Standard Pacific Corp. Reports 2012 Second Quarter Results

http://www.streetinsider.com/Press+Releases/Standard+Pacific+Corp.+Reports+2012+Second+Quarter+Results/7608108.html


Standard Pacific Corp. (NYSE: SPF) today announced results for the second quarter ended June 30, 2012.

2012 Second Quarter Highlights and Comparisons to the 2011 Second Quarter:

Net income of $14.3 million, or $0.04 per diluted share, vs. net loss of $10.5 million, or $0.03 per diluted share

Net new orders of 1,108, up 45%

Backlog of 1,266 homes, up 62%

157 average active selling communities, up 3%

Homebuilding revenues up 35%

Average selling price of $337 thousand, up 1%

815 new home deliveries, up 34%

Gross margin from home sales of 20.5%, compared to 17.0% (20.0%* excluding impairments in Q2 2011)

SG&A rate from home sales of 15.3%, a 350 basis point improvement

Operating cash outflows of $56.6 million, a $65.4 million improvement from $122.0 million

$131.1 million of land purchases and development costs, compared to $123.8 million

Adjusted Homebuilding EBITDA of $41.8 million*, or 15.2%* of homebuilding revenues, compared to $23.7 million*, or 11.6%* of homebuilding revenues

Homebuilding cash balance of $317 million

Scott Stowell, the Company's Chief Executive Officer and President commented, "We are pleased that the positive momentum we experienced during the first quarter of 2012 continued into the second quarter. We earned $14.3 million, or $0.04 cents per share, with deliveries up 34%, revenues up 35%, orders up 45% and homes in backlog up 62% over the prior year period. Our solid second quarter results reflect the execution of our strategy and continued improvement in housing market conditions during the quarter."

Home sale revenues for the 2012 second quarter increased 35% from $204.2 million for the 2011 second quarter to $274.9 million, primarily due to a 34% increase in new home deliveries (excluding joint ventures) to 815 homes. The increase in new home deliveries was driven by a 55% increase in the number of homes in backlog at the beginning of the quarter as compared to the prior year period and a 13% increase in speculative homes sold and delivered during the quarter to 285 homes, compared to 253 homes.

Gross margin from home sales for the 2012 second quarter increased to 20.5% compared to 17.0% (20.0%* excluding $6.0 million of inventory impairment charges) in the prior year period, primarily attributable to the improvement in gross margins from speculative homes sold and delivered during the quarter, offset by an increase in previously capitalized interest included in cost of home sales. Excluding inventory impairment charges and previously capitalized interest costs, gross margin from home sales was 29.4%* for the 2012 second quarter versus 27.9%* for the 2011 second quarter.

The Company's 2012 second quarter SG&A expenses (including Corporate G&A) were $42.0 million compared to $38.4 million for the prior year period, down 350 basis points as a percentage of home sale revenues to 15.3%, compared to 18.8% (17.8%* excluding $2.2 million of severance and other charges related to executive management changes) for the 2011 second quarter. The improvement in the Company's SG&A rate was primarily due to a 35% increase in revenues from home sales and the operating leverage inherent in our business. The Company's G&A expenses (excluding incentive and stock-based compensation and charges related to executive management changes) were $21.0 million for the 2012 second quarter, compared to $20.8 million for the 2011 second quarter and $20.9 million for the 2012 first quarter.

Net new orders (excluding joint ventures) for the 2012 second quarter increased 45% from the 2011 second quarter to 1,108 homes on a slight increase in the number of average active selling communities, from 153 to 157, reflecting an increase in the Company's monthly sales absorption rate for the 2012 second quarter to 2.4 per community, compared to 1.7 per community for the 2011 second quarter and 2.0 per community for the 2012 first quarter. The Company's cancellation rate for the 2012 second quarter was 11%, compared to 14% for the 2011 second quarter and 13% for the 2012 first quarter.

The dollar value of homes in backlog (excluding joint ventures) increased 50% to $439.7 million, or 1,266 homes, compared to $293.8 million, or 781 homes, for the 2011 second quarter, and increased 32% compared to $331.9 million, or 973 homes, for the 2012 first quarter. The increase in year over year backlog value was driven primarily by a 45% increase in net new orders.

The Company used $56.6 million of cash in operating activities for the 2012 second quarter versus $122.0 million in the 2011 second quarter. Cash flows used in operating activities for the 2012 second quarter included $96.6 million of cash land purchases and $34.5 million of land development costs, compared to $92.2 million and $31.6 million, respectively, for the 2011 second quarter. Excluding land purchases and development costs, cash inflows from operating activities for the 2012 second quarter were $74.5 million* versus $1.9 million* in the 2011 second quarter. The year over year increase in cash inflows from operating activities (excluding land purchases and development costs) was primarily due to a 35% increase in home sale revenues.

The Company purchased $96.6 million of land (2,238 homesites) during the 2012 second quarter. Approximately 36% of land purchases (based on land value) were located in California and 32% in Florida, with the balance spread throughout the Company's other operations. As of June 30, 2012, the Company owned or controlled 27,757 homesites, of which 14,966 owned homesites are actively selling or under development. The homesites owned that are actively selling or under development represent a 5.1 year supply based on the Company's deliveries for the trailing twelve months ended June 30, 2012.

[56Chevy]

Standard Pacific (NYSE: SPF ) , whose stock has risen 69% so far this year, also turned in numbers to die for: new orders up 43% from last year, an increase in backlog of 55%, and a revenue jump of nearly 56%. M.D.C. Holdings (NYSE: MDC ) was equally upbeat, easily besting predictions in its own first-quarter report. New orders and backlog were up here as well, by 51% and 50%, respectively. Closings were up also, by 12%.

These are impressive numbers and with all of the homebuilders experiencing the same positive trends I'd have to say the recovery in homebuilding may have legs this time.

[eastunder]

SPF 2Q earnings 7-26-12 AMC

Standard Pacific Corp. Schedules 2012 Second Quarter Results Conference Call And Webcast


Today : Monday 2 July 2012

Standard Pacific Corp. (NYSE: SPF) will release its 2012 second quarter results after the market close of the NYSE on Thursday, July 26, 2012. In conjunction with the earnings release, the Company will host a conference call and broadcast a slide show and audio presentation over the internet on Friday, July 27, 2012, at 12:00 p.m. Eastern time.

[eastunder]

Housing Is Rebounding -- Really

By Amanda Alix |
May 11, 2012 |

http://www.fool.com/investing/general/2012/05/11/housing-is-rebounding-really.aspx



Homebuilder stocks have been on a pretty steady incline this year, despite concerns about whether the housing market is truly recovering. Although recent news has still been a bit mixed, the upshot is that the housing market really is improving, and there are concrete numbers to prove it.

Lennar (NYSE: LEN ) , one of the nation's largest home construction companies, reported a 33% increase in new home orders in the first quarter, as well as wider operating margins due to the ability of the company to reduce incentives and raise prices. CEO Stuart Miller's comments that stability was returning to the sector may sound trite, but the homebuilder's numbers seem to be proof. Its stock has been rising steadily, by nearly 60% from this time last year. Lest you think that this could be the result of wishful thinking on the part of investors, Lennar's first quarter easily beat analysts' estimates on EPS and revenue.

Ryland Group (NYSE: RYL ) also has investor support, and, despite missing on revenue estimates, still delivered a revenue increase of almost 30% year over year. Other nuggets contained in its first-quarter report were an increase in new orders from the previous year of more than 46%, while closings rose 25% over the same time period.

Standard Pacific (NYSE: SPF ) , whose stock has risen 69% so far this year, also turned in numbers to die for: new orders up 43% from last year, an increase in backlog of 55%, and a revenue jump of nearly 56%. M.D.C. Holdings (NYSE: MDC ) was equally upbeat, easily besting predictions in its own first-quarter report. New orders and backlog were up here as well, by 51% and 50%, respectively. Closings were up also, by 12%.

The increase in sale closings is significant, and it is noteworthy that a Wells Fargo survey for the month of March showed that both pricing and sales rates improved from February. A report from the National Association of Realtors reinforces this point, noting that the number of properties that had signed purchase and sale agreements rose more than 4% from February, and nearly 13% from March 2011. Although the report didn't designate sales that had actually closed, the data shows that the market is moving in the right direction.

Fool's take
The evidence indicates quite clearly that a housing rebound has begun, and is gaining momentum. There may be a few more sputters and stalls, however, before the recovery gets a firm footing. Things are not all sweetness and light just yet, and a National Association of Home Builders report published in mid-April notes that builders' confidence in completed sales is still shaky, and that headwinds such as the still-high levels of foreclosures on the market and tight credit policies are still affecting the sector. The prime selling season is upon us, however, and it looks as if it just may be the best one we've seen for several years.

The demand for housing will never decrease for long, which makes this sector great for long-term investing

[eastunder]

SPF: Q1 EPS 2c vs (4c) Beats 1c Est

Tuesday , May 01, 2012 06:30ET

QUARTER RESULTS
Standard Pacific Corp. (SPF) reported Q1 results ended March 2012. Q1 Revenues were $220.30M; +53.31% vs yr-ago; BEATING revenue consensus by +1.81%. Q1 EPS was 2c; +150.00% vs yr-ago; BEATING earnings consensus by +100.00%.

Q1 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:       $220.30M      $143.70M     +53.31%      $216.38M      +1.81% 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:                  2c          (4c)    +150.00%            1c    +100.00% 
 ----------  ------------  ------------  ----------  ------------  ----------

[eastunder]

Standard Pacific Corp. Reports 2012 First Quarter Results

Monday , April 30, 2012 16:02ET

IRVINE, Calif., April 30, 2012 /PRNewswire/ -- Standard Pacific Corp. (NYSE: SPF) today announced results for the first quarter ended March 31, 2012.

2012 First Quarter Highlights and Comparisons to the 2011 First Quarter:


-- Net income of $8.5 million, or $0.02 per diluted share, vs. net loss of
$14.8 million, or $0.04 per diluted share
-- Net new orders of 934, up 43%
-- Backlog of 973 homes, up 55%
-- 158 average active selling communities, up 14%
-- Homebuilding revenues up 56%
-- Average selling price of $343 thousand, up 5%
-- 642 new home deliveries, up 46%
-- Gross margin from home sales of 20.3%, compared to 20.5%
-- SG&A rate from home sales of 17.1%, a 540 basis point improvement
-- Operating cash outflows of $42.1 million, a $68.1 million improvement
from $110.2 million
-- Excluding land purchases and development costs, cash inflows of
$23.6 million* vs. $10.4 million*
-- Adjusted Homebuilding EBITDA of $31.8 million*, or 14.2%* of
homebuilding revenues, compared to $11.0 million*, or 7.7%* of
homebuilding revenues
-- Homebuilding cash balance of $394 million, with $195 million available
from revolving credit facility

Scott Stowell, the Company's Chief Executive Officer and President commented, "After a strong finish to 2011, we are pleased to report that the positive momentum has continued into the first quarter. We believe our solid first quarter results reflect the execution of our strategy and suggest that there may be some stabilization in the economy and the overall housing market." Mr. Stowell added, "We have achieved a profitable first quarter, with net new orders, new home deliveries, home sale revenues and homes in backlog up over the prior year by 43%, 46%, 53% and 55%, respectively. In addition to these significant year-over-year improvements, I am also particularly pleased with our gross margin from home sales, which was 20.3% for the 2012 first quarter."


Net income for the first quarter of 2012 was $8.5 million, or $0.02 per diluted share, compared to a net loss of $14.8 million, or $0.04 per diluted share, for the year earlier period. The 2012 first quarter included $4.1 million of income related to the settlement of a property insurance claim.

Home sale revenues for the 2012 first quarter increased 53% from $143.7 million for the 2011 first quarter to $220.3 million, driven primarily by a 46% increase in new home deliveries (excluding joint ventures) to 642 homes and a 5% increase in the Company's consolidated average home price to $343 thousand. The increase in new home deliveries was driven primarily by a 64% increase in the number of homes in backlog at the beginning of the quarter as compared to the prior year period and a 20% increase in speculative homes sold and delivered during the quarter to 259 homes, compared to 216 homes. The increase in the Company's consolidated average home price was primarily due to general price increases and a product mix shift to move-up home deliveries.

Gross margin from home sales for the 2012 first quarter decreased slightly to 20.3% compared to 20.5% in the prior year period, driven by a reduction in the overall percentage of new home deliveries from California, which typically have higher gross margins than deliveries from the Company's other markets, and an increase in previously capitalized interest included in cost of home sales, partially offset by a decrease in sales incentives and general price increases. Excluding previously capitalized interest costs, gross margin from home sales was 28.7%* for the 2012 first quarter versus 28.1%* for the 2011 first quarter.

The Company's 2012 first quarter SG&A expenses (including Corporate G&A) were $37.7 million compared to $32.3 million for the prior year period, down 540 basis points as a percentage of home sale revenues to 17.1%, compared to 22.5% for the 2011 first quarter. The improvement in the Company's SG&A rate was primarily due to a 53% increase in revenues from home sales and the operating leverage inherent in our business. The Company's G&A expenses (excluding incentive and stock-based compensation and restructuring charges) were $20.9 million for the 2012 first quarter, compared to $20.0 million for the 2011 first quarter and $21.4 million for the 2011 fourth quarter. The increase in the Company's 2012 first quarter G&A expenses (excluding incentive and stock-based compensation and restructuring charges), compared to the 2011 first quarter, was primarily due to an increase in insurance expense, which is a variable expense based on homebuilding revenues.

Net new orders (excluding joint ventures) for the 2012 first quarter increased 43% from the 2011 first quarter to 934 homes on a 14% increase in the number of average active selling communities, from 138 to 158, reflecting the Company's progress in growing its community count and an increase in the Company's monthly sales absorption rate for the 2012 first quarter to 2.0 per community, compared to 1.6 per community for the 2011 first quarter and 1.3 per community for the 2011 fourth quarter. The Company's cancellation rate for the 2012 first quarter was 13%, compared to 14% for the 2011 first quarter and 19% for the 2011 fourth quarter. The total number of sales cancellations for the 2012 first quarter was 144, of which 65 cancellations related to homes in the Company's 2012 first quarter beginning backlog and 79 related to orders generated during the quarter.

The dollar value of homes in backlog (excluding joint ventures) increased 57% to $331.9 million, or 973 homes, compared to $211.8 million, or 627 homes, for the 2011 first quarter, and increased 43% compared to $232.6 million, or 681 homes, for the 2011 fourth quarter. The increase in year over year backlog value was driven primarily by a 43% increase in net new orders and an increase in the average home price in backlog to $341 thousand, compared to $338 thousand for the prior year period.

The Company used $42.1 million of cash in operating activities for the 2012 first quarter versus $110.2 million in the 2011 first quarter. Cash flows used in operating activities for the 2012 first quarter included $34.0 million of cash land purchases and $31.8 million of land development costs, compared to $87.1 million and $33.5 million, respectively, for the 2011 first quarter. Excluding land purchases and development costs, cash inflows from operating activities for the 2012 first quarter were $23.6 million* versus $10.4 million* in the 2011 first quarter. The year over year increase in cash inflows from operating activities (excluding land purchases and development costs) was primarily due to a 53% increase in home sale revenues, partially offset by a $17 million increase in interest payments.

The Company purchased $34.0 million of land (524 homesites) during the 2012 first quarter. Approximately 15% of land purchases (based on land value) were located in California and 60% in Texas, with the balance spread throughout the Company's other operations. As of March 31, 2012, the Company owned or controlled 26,117 homesites, of which 13,370 owned homesites are actively selling or under development. The homesites owned that are actively selling or under development represent a 4.9 year supply based on the Company's deliveries for the trailing twelve months ended March 31, 2012.

Earnings Conference Call
A conference call to discuss the Company's 2012 first quarter results will be held at 11:00 a.m. Eastern time May 1, 2012. The call will be broadcast live over the Internet and can be accessed through the Company's website at http://ir.standardpacifichomes.com. The call will also be accessible via telephone by dialing [phone] (domestic) or [phone] (international); Passcode: 7604881. The audio transmission with the slide presentation will be available on our website for replay within 2 to 3 hours following the live broadcast, and can be accessed by dialing [phone] (domestic) or [phone] (international); Passcode: 7604881.

About Standard Pacific
Standard Pacific, one of the nation's largest homebuilders, has built more than 115,000 homes during its 47-year history. The Company constructs homes within a wide range of price and size targeting a broad range of homebuyers. Standard Pacific operates in many of the largest housing markets in the country with operations in major metropolitan areas in California, Florida, Arizona, the Carolinas, Texas, Colorado and Nevada. For more information about the Company and its new home developments, please visit our website at: www.standardpacifichomes.com.

Financials continued at:

http://www.knobias.com/story.htm?eid=3.1.89c952cc8146f3e353cde070caa498d63b4c78a96422eb209d270a88b47dcabb

[eastunder]

Homebuilders stocks down on housing starts report

Homebuilder shares slide after report shows builders broke ground on fewer homes in February

Associated Press – 20 hours ago

http://finance.yahoo.com/news/homebuilders-stocks-down-housing-starts-182435037.html

LOS ANGELES (AP) -- Shares of U.S. homebuilders slid on Tuesday after the government said builders started working on fewer homes last month than they did in January.

The Commerce Department reported that builders broke ground on a seasonally adjusted annual rate of 698,000 homes in February. That represents a decline of 1.1 percent from January's pace, but an increase of 34.7 percent from a year earlier, and the highest level since October 2008.

Still, construction of single-family homes, which makes up roughly 70 percent of housing starts, fell nearly 10 percent, ending a four-month streak of increases leading to an 18-month high.

There had been strong gains during the normally slow winter months because of unusually warm winter weather, which helped drive more construction activity, said Mark Vitner, a senior economist at Wells Fargo Securities.

Despite the slump in homebuilders' shares, there were signs of continued improvement in the housing market. Building permits, a gauge of future construction, jumped 5.1 percent last month to 717,000, and two-thirds were for single-family homes.

Builders are starting to see some signs of progress. They are increasingly confident after seeing more people express interest in buying a home. Mortgage rates are hovering near record lows below 4 percent. And home sales started to rise at the end of last year.

But the housing market still has a long way to go before a full recovery is under way. The current pace of construction is barely half the rate considered healthy, as are the number of permits being requested. Most analysts say it could be years before the industry returns to full health.

[SJOGRINGO]

Thanks...will probably need it!!

peace
SJO

[eastunder]

Welcome aboard.

Good luck!

[SJOGRINGO]

Hello Board.. Took a position today in a Buy/Write covered call
play... $5 by 3/17 gives me a nice 20%

GLTA

SJOGRINGO

[Penny Roger$]

~ $SPF ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $SPF ~ Earnings expected on Monday *
This Week In Earnings: Earnings are coming or are already posted! This is what the charts look like! If you play the earnings these posts can be very helpful to you!
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One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








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*If the earnings date is in error please ignore error. I do my best.

[eastunder]

Standard Pacific Corp. Reports 2011 Fourth Quarter and Full Year Results

Q4 2011 Net Income of $15.3 million, or $0.04 per diluted share
Q4 2011 Net New Orders up 44% vs. Q4 2010


Press Release Source: Standard Pacific Corp. On Monday February 6, 2012, 4:07 pm EST


IRVINE, Calif., Feb. 6, 2012 /PRNewswire/ -- Standard Pacific Corp. (NYSE: SPF - News) announced results for the fourth quarter and year ended December 31, 2011.

2011 Fourth Quarter Highlights and Comparisons to the 2010 Fourth Quarter
•Net income of $15.3 million, or $0.04 per diluted share, vs. net loss of $21.9 million, or $0.08 per diluted share
•Net new orders of 615, up 44%
•Backlog of 681 homes, up 64% •Highest year-end backlog since 2007

•160 average active selling communities (16 new/8 closed out), up 19%
•Homebuilding revenues up 38% •Average selling price of $374 thousand, up 10%
•782 new home deliveries, up 26%

•Gross margin from home sales of 20.4%, compared to 22.2%
•SG&A rate from home sales of 15.2%, a 290 basis point improvement
•Operating cash outflows of $12.0 million, a $40.5 million improvement from $52.5 million •Excluding land purchases, development costs and debt restructuring payments, cash inflows of $74.3 million* vs. $38.5 million*

•Adjusted Homebuilding EBITDA of $42.8 million*, or 14.6%* of homebuilding revenues


2011 Fiscal Year Highlights and Comparisons to Fiscal Year 2010
•Net loss of $16.4 million, or $0.05 per diluted share, vs. net loss of $11.7 million, or $0.05 per diluted share
•Net new orders of 2,795, up 14%
•Homebuilding revenues of $883.0 million, down 3.2% from $912.4 million •Average selling price of $349 thousand, up 2%
•2,528 new home deliveries, down 4% from 2,646 homes

•Gross margin from home sales of 18.4%, compared to 22.2%
•SG&A rate from home sales of 17.5%, compared to 16.6%
•Operating cash outflows of $322.6 million vs. $81.0 million •Excluding land purchases, development costs and debt restructuring payments, cash inflows of $114.5 million* vs. $285.9 million*

•Adjusted Homebuilding EBITDA of $105.9 million*, or 12.0%* of homebuilding revenues


Scott Stowell, the Company's Chief Executive Officer and President commented, "I am pleased with the results for the quarter. Our strategic focus on growing community count in the move-up segment, our continued dedication to quality home design, and our commitment to creating a superior customer experience have all contributed to our solid 4th quarter results." Mr. Stowell added, "While we believe the homebuilding industry will face ongoing headwinds throughout 2012, I am confident that with our focus on execution at every level of our organization we will continue to drive improved profitability despite these challenging market conditions."

For the fourth quarter of 2011, the Company reported net income of $15.3 million, or $0.04 per diluted share, compared to a net loss of $21.9 million, or $0.08 per diluted share, for the year earlier period. The 2010 fourth quarter included a $23.8 million charge related to the early extinguishment of debt and $2.4 million of asset impairment charges and deposit write-offs.

For fiscal year 2011, the Company reported a net loss of $16.4 million, or $0.05 per diluted share, compared to a net loss of $11.7 million, or $0.05 per diluted share, for the full year 2010. The Company's adjusted net income for fiscal year 2011 was $3.2 million*, or $0.01* per diluted share, excluding $15.3 million of inventory impairment charges and deposit write-offs and $4.2 million of restructuring, severance and other charges related to management changes. Fiscal year 2010 included $30.0 million of debt refinance charges and $2.4 million of asset impairment charges and deposit write-offs.

Homebuilding revenues increased 38% from $212.4 million for the 2010 fourth quarter to $293.2 million for the 2011 fourth quarter driven primarily by a 26% increase in new home deliveries to 782 homes. The Company's consolidated average home price for the 2011 fourth quarter was $374 thousand, which was up 10% over the prior year. The increase in the Company's average selling price was largely due to an increase in deliveries of luxury homes in Southern California during the 2011 fourth quarter, which includes the delivery of two homes with an average selling price of approximately $6 million from one of the Company's Southern California coastal communities.

Gross margin from home sales for the 2011 fourth quarter was 20.4% versus 22.2% for the prior year. The 2011 fourth quarter gross margin from home sales included a $2.9 million benefit related to a reduction in the Company's warranty accrual, compared to a $2.0 million benefit recorded in the prior year quarter. Excluding warranty accrual adjustments and $1.8 million of inventory impairment charges recorded during the prior year quarter, the adjusted gross margin from home sales for the 2011 fourth quarter was 19.4%*, versus 22.2%* for the prior year. The 280 basis point decline in the Company's adjusted gross margin from home sales was driven primarily by lower margins in a majority of the Company's markets due to a mix shift to more deliveries from lower margin projects and a reduction in the percentage of California deliveries as compared to the prior year. Excluding warranty accrual adjustments, inventory impairments and previously capitalized interest costs, gross margin from home sales was 27.5%* for the 2011 fourth quarter versus 29.2%* for the 2010 fourth quarter.

The Company's 2011 fourth quarter SG&A expenses (including Corporate G&A) were $44.5 million and included noncash stock-based compensation expenses of $3.1 million and restructuring charges of $0.9 million, primarily related to employee severance costs. The Company's 2011 fourth quarter SG&A rate from home sales was 15.2% (14.9%* excluding restructuring charges) versus 18.1% for the 2010 fourth quarter. The improvement in the Company's SG&A rate was primarily due to the operating leverage inherent in our business resulting from a 39% increase in revenues from home sales. The Company's G&A expenses (excluding incentive compensation and restructuring charges) were $23.2 million for the 2011 fourth quarter, compared to $22.8 million for the 2010 fourth quarter and 2011 third quarter. The increase in the Company's 2011 fourth quarter G&A expenses was due to an increase in insurance expense, which is primarily a variable expense based on revenues.

Net new orders (excluding joint ventures) for the 2011 fourth quarter increased 44% from the 2010 fourth quarter to 615 homes on a 19% increase in the number of average active selling communities from 134 to 160. The Company's monthly sales absorption rate for the 2011 fourth quarter was 1.3 per community, compared to 1.1 per community for the 2010 fourth quarter and 1.6 per community for the 2011 third quarter. The Company's cancellation rate for the 2011 fourth quarter was 19%, compared to 23% for the 2010 fourth quarter and 16% for the 2011 third quarter. The total number of sales cancellations for the 2011 fourth quarter was 141, of which 88 cancellations related to homes in the Company's 2011 fourth quarter beginning backlog and 53 related to orders generated during the quarter.

The dollar value of homes in backlog (excluding joint ventures) increased 69% to $232.6 million, or 681 homes, compared to $137.4 million, or 414 homes, for the 2010 fourth quarter, and decreased 24% compared to $304.8 million, or 848 homes, for the 2011 third quarter. The increase in year over year backlog value was driven primarily by a 44% increase in net new orders as compared to the prior period.

The Company used $12.0 million of cash in operating activities for the 2011 fourth quarter versus $52.5 million in the 2010 fourth quarter. Cash flows used in operating activities for the 2011 fourth quarter included $49.8 million of cash land purchases and $36.6 million of land development costs, compared to $33.6 million and $26.3 million, respectively, for the 2010 fourth quarter. The 2010 fourth quarter also included $31.1 million of cash used in operations related to debt restructuring activities. Excluding land purchases, development costs and debt restructuring payments incurred in the 2010 fourth quarter, cash inflows from operating activities for the 2011 fourth quarter were $74.3 million* versus $38.5 million* in the 2010 fourth quarter. The year over year increase in cash inflows from operating activities (excluding land purchases, development costs and debt restructuring payments) was primarily due to a 26% increase in deliveries compared to the prior year period.

The Company purchased $49.8 million of land (684 lots) during the 2011 fourth quarter. Approximately 41% of land purchases (based on land value) were located in California and 29% in Texas, with the balance spread throughout the Company's other operations. For the year ended December 31, 2011, the Company purchased $303.8 million of land (4,895 lots), of which approximately 57% (based on land value) is located in California and 18% in Texas, with the balance spread throughout the Company's other operations. As of December 31, 2011, the Company owned or controlled 26,444 lots, of which 13,584 owned lots are actively selling or under development. The lots owned that are actively selling or under development represent a 5.4 year supply based on the Company's deliveries for the year ended December 31, 2011.