Standard Pacific Corp. (SPF)

[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