Mattamy Group Reports Top-Line Fiscal Q2 Results

Homes closed increased 11.4% to 1,557 from 1,398 in the prior year quarter.

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Mattamy Group Corporation on Wednesday announced key operating results for the second quarter ended November 30, 2019 and posted full financial results for the second quarter on Intralinks.

Second Quarter 2020 Key Operating Highlights

  • Revenue decreased 3.0% to $0.75B from $0.77B in the prior year quarter
  • Homes closed increased 11.4% to 1,557 from 1,398 in the prior year quarter
  • Net sales orders decreased 0.3% to 1,818 homes from 1,823 homes in the prior year quarter
  • Sales order backlog increased 0.2% to 7,157 units from 7,145 units in the prior year quarter

LTM November 30, 2019 Key Operating Highlights

  • Revenue increased 5.7% to $3.94B from $3.73B in the prior year
  • Homes closed decreased 0.8% to 7,393 from 7,453 in the prior year
  • Net sales orders increased 13.4% to 7,420 homes from 6,546 homes in the prior year

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