Reports Q4 revenue $827.7M, consensus $718.55M. "We generated very strong fourth quarter and full year financial results," said Allan P. Merrill, the company’s Chairman and Chief Executive Officer. "Increases in both home prices and margins generated a significant improvement in profitability, with full year Adjusted EBITDA reaching $370 million and earnings per share above $7.00. This led to a meaningful increase in book value – which now exceeds $30.00 per share – and allowed us to reach our long-standing deleveraging goal."
Published first on TheFly
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