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