William Lyon Homes +5.5% as home prices surge

|About: William Lyon Homes (WLH)|By:, SA News Editor

Home sales revenue of $140.3M (up 84% Y/Y)

Adjusted gross margin of 27.6% (up 440 basis points)

New home deliveries of 276 homes (up 3%)

Average sales price of $508.3K (up 78%)

Net new home orders of 400 (up 11%)

Dollar value of orders of $199.2M (up 51%)

SG&A expense of 13.3% (down 400 basis points)

Adjusted EBITDA of $20.3M (up 342%)

Dollar value of backlog of $264.8M (up 55% and translates into ASP of $538.2K)

CC at 12 ET

Previously: William Lyon Homes beats by $0.14, beats on revenue

WLH +5.5% premarket