April 26, 2024 1:17 pm
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Mattamy Homes reports key fiscal Q3 metrics

AZBigMedia

Builder

Through February, home builder was having a bang-up year.

Mattamy Group Corporation, Toronto, the largest privately owned home builder in North America, on Monday announced key operating results for the third quarter ended February 29, 2020 and posted full financial results for the third quarter on Intralinks for its bondholders.

Third Quarter 2020 Key Operating Highlights

  • Revenue increased 40.4% to $1.09B from $0.78B in the prior year quarter
  • Homes closed increased 50.7% to 2,167 from 1,438 in the prior year quarter
  • Net sales orders increased 23.4% to 2,305 homes from 1,868 homes in the prior year quarter
  • Sales order backlog decreased 3.5% to 7,295 units from 7,561 units in the prior year quarter

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