Strong Financial Performance
Total revenues exceeded $1.6 billion with diluted earnings per share of $1.61, and a gross margin of 18.9%, surpassing guidance expectations.
Significant Share Repurchases
Repurchased more than $188 million in shares in the third quarter, contributing to $440 million year-to-date, representing about 11% of the outstanding share count.
Operational Achievements
Materially reduced build times and lowered direct costs while maintaining high customer satisfaction levels.
Encouraging Market Conditions
Stability in demand observed in Q3 with mortgage interest rates declining, supporting greater demand for homeownership.
Community Openings and Growth
Opened 32 new communities in Q3 and expect 260 active selling communities by the end of fiscal 2025.
Improved Build Times
Achieved a 10-day reduction in build times, reaching some of the best levels in a decade.
Recognition and Employee Satisfaction
Named to Time Magazine's 2025 list of World's Best Companies, highlighting employee satisfaction.