Standard Pacific Homes First Quarter 2012 Numbers | ||
Quarter One | ||
Profit/(Loss) | $8.5 M +157.6% YOY | |
Home Deliveries | 642 +46.2% YOY | |
New Orders | 934 +43.3% YOY | |
Behind the Numbers:
It’s hard to find any flaws in Standard Pacific’s first quarter performance. It made money, something that still escapes most publicly held builders, and its orders and deliveries of homes were both up by almost 50% above the same quarter in 2011. The company appears to be getting traction with the new neighborhoods it has recently opened. The number of communities climbed by 14% in the year and its number of sales per community per month jumped nicely to 2.0 from 1.3 In the last quarter of 2011 and 1.6 during the same time last year. There are more new communities to come. The company spent $34 million in the quarter to buy 524 new home sites.
Standard Pacific’s fiscal year ends Dec. 31
