William Lyon Homes |
|
|---|---|
| 2017 Performance Final Grade: 68.57/1002016 Final Grade: 69.1/100 | C+/B- |
| Change YoY | ||
|---|---|---|
| Net debt-to-capital | 44.8% | -1,150bps |
| Pretax home building income (in millions) | $140.1 | 49.1% |
| Total SG&A/Total revenue | 9.8% | -- |
| Total SG&A(in millions) | $176.4 | 20.9% |
| Return on invested capital | 2.6% | -70bps |
| Return on equity | 6.5% | -250bps |
| Total shareholder return | 52.5% | -- |
| EPS | $1.30 | -19.8% |
| Change YoY | ||
|---|---|---|
| Community count | 77 | -4 |
| Share of lots optioned to total controlled | 24% | 1.2% |
| Change YoY | ||
|---|---|---|
| Home building gross margins | 17.6% | 50bps |
| Sales per month to break even (per community) |
1.90 | -- |
| Revenue per employee (in millions) |
$2.8 | 17.4% |
| Change YoY | ||
|---|---|---|
| Closings | 3,239 | 16.5% |
| Sales velocity (per community per month) |
3.6 | 26.2% |
| Unit backlog | 822 | 12.1% |
| Total revenue (in millions):$1,796 |
| HB revenue (in millions): $1,795 |
| Debt per share: $27.81 |
| Equity per basic share: $21.07 |
| HB pretax margin: 7.8% |
| Backlog value (in millions): $433.0 |
| Inventory (in millions):$1,699.9 |
| Lot supply (in years): 5.4 |
William Lyon Homes (NYSE: WLH) improved its margin to 18.9%, an increase of 80 basis points above the third quarter of 2017, 240 basis points above the second quarter of 2017, and 190 basis points year over year. It ended 2017 with total liquidity of roughly $344.9 million and net debt-to-capital of 49.6%. On the day it reported 2017 results, WLH announced definitive agreements to acquire RSI Communities, a Southern California and Texas-based home builder.