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Meritage Homes Corporation at Deutsche Bank Securities Inc. 2008 Homebuilding Symposium - Final
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Corporate Participants * Brent Anderson Meritage Homes Corporation - Director of IR * Larry Seay Meritage Homes Corporation - CFO and VP of Finance Conference Call Participants * Unidentified Participant Presentation UNIDENTIFIED PARTICIPANT: All right so we'll get started here with our next session , and it's a pleasure to introduce Meritage. We have Larry Seay, who is the CFO, and we also have Brent Anderson, who is the Director of Investor Relations. Steve Hilton, who was scheduled to be...
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Hovnanian Enterprises, Inc. at Deutsche Bank Securities Inc. 2008 Homebuilding Symposium - Final
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Corporate Participants * Ara Hovnanian Hovnanian Enterprises, Inc. - President and CEO * Larry Sorsby Hovnanian Enterprises, Inc. - CFO Presentation UNIDENTIFIED AUDIENCE MEMBER, ANALYST: Let's get started with our next presentation. My pleasure to introduce Hovnanian. We have here Ara Hovnanian, the President and CEO, and we also have Larry Sorsby, who is the CFO. With that, I will hand it over to them. ARA HOVNANIAN, PRESIDENT AND CEO, HOVNANIAN ENTERPRISES, INC.: Great, thank you. Well,...
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Pulte Homes Inc. at Deutsche Bank Securities Inc. 2008 Homebuilding Symposium - Final
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Corporate Participants * Roger Cregg Pulte Homes - CFO Conference Call Participants * Unidentified Audience Member Presentation OPERATOR: The next company to present is Pulte Homes. We have Roger Cregg presenting, the CFO. And in the audience also is Calvin Boyd who is the Director of Investor Relations. He's sitting in the front right here. With that, thanks a lot.
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Toll Bros. reports $29.3 million net loss
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Even as contract cancellations reached their lowest level in nine quarters and with traffic and deposits said to be stabilizing, Toll Bros. Inc. reported a net loss yesterday of $29.3 million, or 18 cents a share, in the third quarter ended July 31. That compared with net income of $26.5 million, or 16 cents a share, in the year-earlier period.
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Hovnanian slump extends to 2 years Home builder posts eighth loss in a row
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Hovnanian Enterprises, New Jersey's biggest home builder, reported its eighth consecutive quarterly loss after nine years of gains, as buyers found it more difficult to secure financing. The net loss for the three months ended July 31 widened to $202.5 million, or $2.67 a share, from $77.9 million, or $1.27, a year earlier, the Red Bank-based company reported after the market closed yesterday.
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Toll reports 9th straight quarterly revenue drop
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Toll Bros. Inc. yesterday reported a fiscal third-quarter decline in revenue - the ninth in a row - but chief executive officer Robert I. Toll called a drop in cancellations during the period "a positive sign."
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D.R. HORTON Homebuilder suffers $400 million loss
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More business write-offs and the ongoing housing slump fueled D.R. Horton Inc.'s almost $400 million loss in the latest quarter. Since early last year, the Fort Worth-based homebuilder has lost more than $2.7 billion because of the nationwide slowdown in home sales.
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Home Builder ETFs Feel For An Illusive Bottom
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Home builder exchange traded funds may not have hit bottom yet, and it's possible their small recent rally is a false dawn. Merrill Lynch economist David Rosenberg says there are several factors that bode ill for the housing market and with it the stocks of home builders.
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A battered Beazer holds on; Though woes are many, home builder insists future is bright
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It's been a year since Beazer Homes issued a press release to counter "scurrilous and unfounded rumors" it was close to bankruptcy. The good news is the Atlanta-based national home builder is still around. The bad news? Well, take your pick. Slumping new-home sales and prices. Increased foreclosures. Tighter credit. Rising unemployment. Consumer pessimism. The housing market is performing so poorly that President Bush recently signed a package of new laws to assist home buyers and Fannie Mae...
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MDC's second-quarter loss reflects grim housing picture
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The housing crash continues to crush the earnings of Denver- based home builder MDC Holdings. The company posted a net loss of $100.7 million, or $2.18 a share, in the second quarter, slightly better than the $106.1 million, or $2.32 a share, a year earlier. Revenue was down 43 percent, to $411.9 million.
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