This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AV Homes, Inc. Announces First Quarter Results

(2)  Includes impairment charges for inventory of approximately $0 and $152 for the three months ended March 31, 2013 and 2012, respectively.

(3) Includes homebuilding revenues of $9,933 and amenity revenues of $609 for the three months ended March 31, 2013.

Data from closings for the active adult and primary residential homebuilding segments for the three months ended March 31, 2013 and 2012 is summarized as follows:
For the three months ended March 31, Number of Units Revenues Average Price Per Unit
       
2013      
Active adult communities 39  $ 10,222  $ 262
Primary residential 42 9,933  $ 237
Total 81  $ 20,155  $ 249
       
2012      
Active adult communities 32  $ 7,984  $ 250
Primary residential 31 6,698  $ 216
Total 63  $ 14,682  $ 233

Data from contracts signed for the active adult and primary residential homebuilding segments for the three months ended March 31, 2013 and 2012 is summarized as follows:
  Gross Number   Contracts Signed,   Average
  of Contracts   Net of Dollar Price Per
For the three months ended March 31,  Signed Cancellations Cancellations Value Unit
           
2013          
Active adult communities 97 (13) 84 $ 19,038  $ 227
Primary residential 72 (21) 51 10,353  $ 203
Total 169 (34) 135 $ 29,391  $ 218
           
2012          
Active adult communities 66 (24) 42 $ 10,536  $ 251
Primary residential 75 (11) 64 12,668  $ 198
Total 141 (35) 106 $ 23,204  $ 219

Backlog for the active adult and primary residential homebuilding segments as of March 31, 2013 and 2012 is summarized as follows:
  Number of Dollar Average Price
As of March 31, Units Volume Per Unit
       
2013      
Active adult communities 108 $ 25,440  $ 236
Primary residential 131 27,713  $ 212
Total 239 $ 53,153  $ 222
       
2012      
Active adult communities 55 $ 14,243  $ 259
Primary residential 86 15,819  $ 184
Total 141 $ 30,062  $ 213
CONTACT: Media Contact: Ken Plonski
         480-214-7408
         k.plonski@avhomesinc.com

AV Homes, Inc. Logo

4 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,351.38 +293.03 1.82%
S&P 500 1,948.86 +35.01 1.83%
NASDAQ 4,749.9790 +113.8740 2.46%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs