Consequently, by minimizing the effect of the post-EA. Our California operations achieved an overall absorption case that was consistent with the third quarter of last year. Expected volatility on 7th day since Earnings results. Home closings gross margin. When is the earnings report for w.h.o. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20, 000 public companies. The Company invested $370 million in land and development during the quarter and $1. Backlog increased 50 percent to 10, 228 sold homes with a sales value of $5.
Colin Severn - Senior Vice President and Chief Financial Officer. Look, I think consistent with the statements we've made in the past, look, I think we view -- with our land book, we've got good accessibility to lots that are going to allow us to continue to grow within our existing footprints. From time to time, third-party financing sources or potential partners have inquired whether I might be interested in exploring a go-private transaction, and removing the 203 impediment provides me and the family the best optionality to explore any opportunities which might arise. Earnings Preview: William Lyon (WLH) Q2 Earnings Expected to Decline. Sign up today and get access to our Real-Time Trade Alerts and Research Tools. Mortgage warehouse borrowings.
Sales pace at our entry-level price points in Arizona for the first quarter was 6. Liabilities attributable to consolidated real estate not owned. SG&A as a percentage of home closings revenue was 10. Lyon William Homes Stock - WLH Share Price Today, News and Discussion. In April, we also closed on the acquisition of a small mortgage platform for a relatively de minimis amount of net cash. Terms & Conditions, Privacy Policy, and. 2 million fully diluted shares. And through less debt and increasing of earnings, we want to improve the debt-to-cap metrics definitely. With us today from management are Matt Zaist, President and Chief Executive Officer; and Colin Severn, Senior Vice President and Chief Financial Officer.
Duration: 46 minutes. This trade is practical due to the low-to-moderate price-move after the EA, which. 9 million or an effective tax rate of approximately 24%, driven by onetime discrete items related to stock compensation expense that impacted the provision during the quarter by approximately $700, 000. Trading in securities involves risks, including the risk of losing some or all of your investment. If traders sell Put on Weekly Front Options where the strike price is as close as. We intend to drive balance sheet improvement through accretion of earnings as well as reduction in the principal amount of our indebtedness and expect to see meaningful improvement in our leverage metrics this year. EBITDA as a percentage of total revenues. During the first quarter, our homebuilding gross profit increased to $73 million, up 12% compared to the first quarter of 2018, and our adjusted homebuilding gross profit also increased 10% to $93 million. Our backlog conversion rate for the quarter was a very strong 91%, the highest backlog conversion rate we've achieved in several years. Because we use the ratio of net homebuilding debt to total capitalization to evaluate our performance against other companies in the homebuilding industry, we believe this measure is also relevant and useful to investors for that reason. Export data to Excel for your own analysis. Implied volatility analysis for all companies announcing earnings this week. Scott Schrier -- Citi -- Analyst. Earnings Pack For Week Ending 02/24/17. Similar to Implied Volatility in Options.
Of the move, not so great. Alex Barron -- Housing Research Center -- Analyst. 21, delivering a surprise of +5%. Total capitalization. WLH Quarterly Reports. All comparisons are of the current quarter to the prior-year quarter, unless otherwise indicated.
FOURTH QUARTER HOMEBUILDING REVENUE OF $657. Management Effectivness.