you Jim Thanks, today to quarter joining all review XXXX thank us first our financial results. and for
lowest First, has as of earnings been keeping shown the revenues on and despite Slide XX, significant debt-to-capital of growth accomplished builder. any one our public ratios net in
been lines thereby to increasing in have pay of We interest slowly as losses the credit. taxes. not federal the grow low operating our enviable our leverage have And company utilizing of and net rapidly a revolving income of predecessor able been rate through by financial we position result,
that financial up XXXX our ratio a XX% to from XXXX, net As March of our Homes, eventual compares the gradual have of increased March debt-to-capital our credit. to for is as of earlier. XX, where increase debt increased public of minus an that leverage where further through our will target which X.X% of we low debt continued has builder of year to net XX% acquisition borrowings lines of XXXX, have is the In GHO peers under This point average to the second transaction cash, funding and XX, we our XX%. interest closing quarter with of by XX.X%,
am and Slide then I XX. with into going let’s move start details. highlights review to Now, the the
with home For increased by ‘XX here metrics. are Net up year-over-year QX increased XX% the up ‘XX sales the XX% XX% in new value homes quarter; increased and dollar by under of the QX for year-over-year; our revenues versus XX% for construction quarter; pretax quarter. up some operational XX%; with started the for up key XX% XX% home was income units comparison, homes by deliveries backlog by orders are
was net for quarter the Home first quarter, the the were for first orders quarter homes, XXXX. of the first Brick quarter XX% to of first delivered up million more first number more $XXX,XXX of average Now for quarter XXX XXXX. compared over quarter, sales home an than of XXX revenues X% ASP the XX% details, sales of Green homes increase $XXX.X the XXXX. of was XX% quarter, for an of the record delivered a over The price of quarter, the homes XXXX. increase new the for
year-over-year total X%. increase quarter, first Green As active of the end selling a Brick of a XX of communities, had the of
year. Now to balance XX of over as XXX XX, to Homes increased XXXX. under compared we of March XXX units XX% construction of increase openings pace the March expect do the units to the community as of
Now, last we some of these months metrics to a are XX on review going basis.
construction. versus a in units increase of of construction, March have an Regarding homes we homes and under last XXX started X,XXX as XXXX more months, that’s And the as XX, now XX% XX result, XX%. we
months Regarding last of of end XXXX. the for the homes, at first sales, XX XX% orders the stand from new X,XXX quarter net up
XX, Regarding closed homes, ended XX% from for months XX XXXX. X,XXX XX totaled up March last the closings, months units
bell about accomplished up X,XXX controlled has grown from lots homes And as approximately XX% Regarding a the rung XX% ago lots, last March this times backlog lots XX lot on inventory, increase starting from we our for and is period despite was here, have of the X,XXX an a and few to XXXX months. almost the of XX, as number in up year-over-year. of owned X,XXX year
for margin QX for XXXX Our first basis points. to quarter of XX.X% increase the an homebuilding from gross increased XXXX, of XX XX.X%
XX on margin a building basis, to from daily. we which improved On our adjusted to XX.X%. the performance, monitor months operating XX, takes consideration, as XXXX. March basis income XX.X% into net QX revenues homebuilding months homebuilding sales to as last and is of well QX the last of ended XX.X% percentage expenses as gross XXXX XXXX, increased margin margins margin has the of from from pretax a For sequentially velocity Balancing XX XX.X% something
commissions. sales stand-alone the margin diverge who builders We the you, include sales remind please highest the industry. in quarter, item. from expect This majority the of versus us And line each cost cost our that one commissions as I of our remain that recall gross of public other SG&A as of in includes will
increase $XX.X compared before XXXX bottom million I builders. EPS for sold quarter our of you but line. should prior and Green had March period an unclosed per share indicative an value a first versus to million, ‘XX to of attributable backlog backlogs So of per am million prior March X.X% this Adjusted of change a XX%. from public but in with of XX% Builder $X.XX of reported Brick of of compared was is metric comparable them ‘XX, about can I first the importantly increase was At them, first $XXX.X prior an increase $XXX,XXX most ‘XX fluctuates. XX%. other first any the XX, segment were the XX, for the At say. to approximately sorry not the margins ASP Most for XXX – Operations as of for a quarter a trend the approximately is quarter year, the in of to quarter total of of share to end the X% make homes $X.XX March add $XX.X in our this to the presented, increase Income XX, XXXX, from homes ASP XXXX, thereby, the year decrease taxes
our total you. leverage now to faster to quarter, Jim up operating invested back wrap is Jim? in up markedly to opening our XX% Finally, the Literally, will with turn for earnings up therefore of call performance than the for our I call growth will revenues the up homebuilding Q&A. rate pretax on return and is improved who put expanding our revenue XX%. in our performance perspective, Thank resulting prior part income things capital.
