33 annotations
Based on our strong financial position and expectation for increased cash flows, our Board recently approved a new share repurchase authorization totaling $4 billion.
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2024 Q3
18 Jul 24
We expect to be positioned to increase our market share further next year.
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2024 Q3
18 Jul 24
Our gross margin was better than expected, primarily due to lower incentive costs than in the second quarter.
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2024 Q3
18 Jul 24
Our faster construction and housing terms allow us to manage our homes and inventory more efficiently.
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2024 Q3
18 Jul 24
our construction cycle times improved slightly from the second quarter
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2024 Q3
18 Jul 24
We also expect to generate increased cash flow from operations in fiscal 2025, which we plan to utilize to increase our returns to shareholders through proportionately higher share repurchases and dividends.
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2024 Q3
18 Jul 24
homes are moving through the construction at a faster pace, which means they're reaching completion sooner
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2024 Q3
18 Jul 24
Your starts did come down sequentially.
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2024 Q3
18 Jul 24
we ended the quarter with better traffic patterns, better demand and felt that coming into July
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2024 Q3
18 Jul 24
our home sales gross margin improved sequentially this quarter, incentives are elevated, and we expect them to remain near these levels, assuming similar market conditions and no significant changes in mortgage rates
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2024 Q3
18 Jul 24
We continue to expect to generate approximately $3 billion of cash flow from our homebuilding operations.
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2024 Q2
22 Apr 24
and homebuilding SG&A as a percentage of revenues to be approximately 7%.
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2024 Q2
22 Apr 24
We expect our home sales gross margin in the third quarter to be approximately 23% to 23.5%
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2024 Q2
22 Apr 24
For the third quarter, we currently expect to generate consolidated revenues of $9.5 billion to $9.7 billion and homes closed by our homebuilding operations to be in the range of 23,500 to 24,000 homes.
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2024 Q2
22 Apr 24
We have $400 million of senior notes that matured during the remainder of the year
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2023 Q2
7 Aug 23
We expect to generate increased cash flow from our homebuilding operations and on a consolidated basis in fiscal 2023 compared to fiscal 2022.
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2023 Q2
7 Aug 23
We expect our consolidated revenues for fiscal 2023 to be in a range of $34.7 billion to $35.1 billion.
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2023 Q3
7 Aug 23
For the full year, we currently expect to close between 82,800 and 83,300 homes in our homebuilding operations and between 6,500 and 7,000 homes and units in our rental operations.
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2023 Q3
7 Aug 23
We expect our home sales gross margin in the fourth quarter to be approximately 23.5% to 24%, and homebuilding SG&A as a percentage of revenues in the fourth quarter to be in the range of 6.7% to 6.8%.
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2023 Q3
7 Aug 23
For the fourth quarter, we currently expect to generate consolidated revenues of $9.7 billion to $10.1 billion, and homes closed by our homebuilding operations to be in the range of 22,800 to 23,300 homes.
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2023 Q3
7 Aug 23