I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2025 Q2, the actual value is USD 686.47 M.
EPS: As of FY2025 Q2, the actual value is USD 2.43.
EBIT: As of FY2025 Q2, the actual value is USD 55.61 M.
Segment Revenue
- Total revenues for the second quarter of fiscal 2025 decreased 3.1% to $686.5 million compared to $708.4 million in the same quarter of the prior year. For the six months ended April 30, 2025, total revenues increased 4.4% to $1.36 billion compared to $1.30 billion in the first half of fiscal 2024.
- Domestic unconsolidated joint ventures sale of homes revenues for the second quarter of fiscal 2025 increased 21.4% to $144.5 million compared to $119.0 million for the three months ended April 30, 2024.
Operational Metrics
- Homebuilding gross margin percentage, after cost of sales interest expense and land charges, was 13.8% for the three months ended April 30, 2025, compared with 19.5% during the second quarter a year ago.
- Total SG&A was $80.6 million, or 11.7% of total revenues, in the second quarter of fiscal 2025 compared with $79.0 million, or 11.2% of total revenues, in the second quarter of fiscal 2024.
- Income before income taxes for the second quarter of fiscal 2025 was $26.5 million compared with $69.4 million in the second quarter of the prior fiscal year.
- Net income was $19.7 million, or $2.43 per diluted common share, for the three months ended April 30, 2025, compared with net income of $50.8 million, or $6.66 per diluted common share, in the same period of the previous fiscal year.
Cash Flow
- Total liquidity as of April 30, 2025, was $202.4 million, which was within the targeted liquidity range of $170 million to $245 million.
Unique Metrics
- Consolidated contracts in the second quarter of fiscal 2025 decreased 7.5% to 1,398 homes ($706.6 million) compared with 1,512 homes ($785.8 million) in the same quarter last year.
- Consolidated community count increased 14.7% to 125 communities as of April 30, 2025, compared with 109 communities as of April 30, 2024.
Outlook / Guidance
- For the third quarter of fiscal 2025, total revenues are expected to be between $750 million and $850 million, adjusted homebuilding gross margin is expected to be between 17.0% and 18.0%, adjusted income before income taxes is expected to be between $30 million and $40 million, and adjusted EBITDA is expected to be between $60 million and $70 million.