First Quarter 2022 Highlights
Expanded home sales revenue 92.5% to $298 millionFirst quarter net income of $13.1 million, $0.28 per diluted shareTotal homes delivered increased 83.4% to 552 homesIncreased backlog by 83.4% to 1,605 homes for a total of $930.4 millionAdjusted home sales gross margin increased to 29.0%, from 17.9%Authorized the repurchase of up to an additional $10 million shares of common stock, increasing the aggregate to up to $20 millionNEWPORT BEACH, Calif.