The New Home Company Reports 2021 Second Quarter Results
The New Home Company Inc. (NYSE:NWHM) today announced results for the 2021 second quarter.
Second Quarter 2021 Financial Results
Net income of $4.8 million, or $0.26 per diluted share
Home sales revenue up 75% to $135.9 million as compared to $77.8 million for the 2020 second quarter
Home sales gross margin of 17.3% as compared to (9.6%) for the 2020 second quarter
Homebuilding gross margin before impairments was up 250 basis points to 17.3% as compared to 14.8%* in the 2020 second quarter; as further adjusted to exclude purchase accounting adjustments related to the Epic Homes acquisition, adjusted home sales gross margin was 17.8%* for the 2021 second quarter
Adjusted homebui
