CCS out with record numbers after the close. Earned 1.21 while analyst estimates were only 69c. New orders were way up too. Hopefully, MHO will be a repeat tomorrow as I added on the late sell off today.
And... woohoo on BGFV!
CCS Second Quarter 2020 Highlights Compared to Second Quarter 2019
Adjusted net income increased 71% to a record $40.3 million or $1.21 per diluted share and net income increased 148% to a record $38.5 million or $1.15 per diluted share Home sales revenues increased 23% to a record $747.4 million Home deliveries grew to a Company record 2,480 homes or 26% Net new home contracts increased 22% to a Company record 2,664 homes Homes in backlog improved to 2,778 homes with a value of $962.8 million, a 23% increase Adjusted EBITDA increased 50% to a record $74.0 million Quarter end total liquidity of $860 million, including cash of $220 million Net homebuilding debt to net capital improved to 37.5%
