Canada Markets open in 3 hrs 26 mins

Free Post Earnings Research Report: William Lyon’s Revenue Surged 43%; EPS More than Doubled

Stock Monitor: Beazer Homes USA Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 06, 2017 / Active-Investors free earnings report on William Lyon Homes (NYSE: WLH) has freshly been issued to its members, and you can also sign up to view this report at William Lyon Homes reported its third quarter fiscal 2017 operating results on October 31, 2017. The homebuilder outperformed top- and bottom-line expectations and provided guidance for the upcoming quarter. Register today and get free access to our complimentary member's area where many more reports are available: is currently working on the research report for Beazer Homes USA, Inc. (NYSE: BZH), which also belongs to the Industrial Goods sector as the Company William Lyon Homes. Do not miss out and become a member today for free to access this upcoming report at: is focused on giving you timely information and the inside line on companies that matter to you. This morning, William Lyon Homes most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:

Earnings Highlights and Summary

For the quarter ended September 30, 2017, William Lyon reported operating revenues of $490.34 million, up 43% compared to revenue of $342.71 million in Q3 2016. The Company's revenue numbers topped analysts' estimates of $486.57 million.

For Q3 2017, William Lyon recorded operating income of $43.17 million, up 102% versus operating income of $21.32 million in Q3 2016. The Company's adjusted EBITDA for the reported quarter soared 68% to $72.1 million.

William Lyon reported net income available to common stockholders of $27.42 million, up 110% compared to net income of $13.07 million. The Company's earnings per diluted share for the reported quarter more than doubled, surging by 109% to $0.71 on a y-o-y basis and came in ahead of Wall Street's estimates of $0.67.

Operating Results

During Q3 2017, William Lyon's Home sales revenue totaled $490.3 million compared to $342.6 million in Q3 2016, reflecting growth of 43%, driven by a 26% increase in deliveries to 851 homes compared to 673 in the year-ago corresponding period, combined with an increase in the average sales price of homes delivered to $576,200, up 13% from the prior year.

William Lyon's dollar value of orders was $425.5 million for Q3 2017, an increase of 22% from $348.7 million in the year-ago same period. The Company's net new home orders were 774 for the reported quarter, up 19% from 651 in the year-earlier same quarter. The overall increase in net new home orders was driven by an increase in community count to 86 average sales locations, from 78 in the year-ago same period, combined with a 7% increase in the monthly absorption rate from 2.8 sales per community in the year-ago same period to 3.0 sales per community in Q3 2017.

William Lyon reported dollar value of homes in backlog of $699.3 million as of September 30, 2017, representing growth of 18% compared to $591.0 million as of September 30, 2016. The increase was driven by a 13% increase in units in backlog to 1,208 from 1,071 in the year-ago corresponding period and a 5% increase in Average Sales Price (ASP) in backlog to $578,900 from $551,900 in Q3 2016.

William Lyon's Homebuilding gross margin percentage for homes closed during Q3 2017 was 18.1%, up from 16.6% gross margin percentage in the year-ago comparable period. The Company's adjusted homebuilding gross margin percentage for the reported quarter was 23.6%, up from 22.2% adjusted gross margin percentage in the prior year's same period.

During Q3 2017, William Lyon's sales and marketing expense was 4.5% of homebuilding revenue compared to the year-ago same quarter of 5.3% of revenue, attributed to lower advertising expense. The Company has focused on more efficient advertising spending using social media and mobile applications to offset higher outside broker costs.

Cash Position

At the end of Q3 2017, William Lyon's cash and cash equivalents totaled $43.6 million, real estate inventories totaled $1.9 billion, total assets were $2.1 billion, and total equity was $826.0 million.

The Company's total debt to book capitalization was 57.1%, and net debt to total capital (net of cash) was 56.1% at September 30, 2017, compared to 61.6% and 60.8% at September 30, 2016, and 58.6% and 57.6% at December 31, 2016, respectively.


William Lyon is forecasting Q4 2017 results to include backlog conversion of 85% to 92%, sequential gross margin improvement of 50 to 70 basis points, sequential SG&A improvement of 20 to 30 basis points and pre-tax income of $60.0 million to $65.0 million.

Stock Performance Snapshot

December 05, 2017 - At Tuesday's closing bell, William Lyon Homes' stock was slightly down 0.89%, ending the trading session at $28.96.

Volume traded for the day: 489.81 thousand shares, which was above the 3-month average volume of 422.00 thousand shares.

Stock performance in the last month – up 5.85%; previous three-month period – up 21.07%; past twelve-month period – up 41.27%; and year-to-date – up 52.18%

After yesterday's close, William Lyon Homes' market cap was at $908.76 million.

Price to Earnings (P/E) ratio was at 18.98.

The stock is part of the Industrial Goods sector, categorized under the Residential Construction industry.


Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.


The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.


A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.


This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit


For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:


Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors