Strong Financial Performance
Delivered 1,326 homes, exceeding the high end of guidance range. Generated $880 million in home sales revenue with an average sales price of $664,000. Adjusted net income was $69 million or $0.77 per diluted share.
Healthy Balance Sheet and Liquidity
Ended the quarter with $1.4 billion in total liquidity, including $623 million in cash. Extended and upsized revolving credit facility, expanding liquidity through 2030.
Shareholder Returns
Returned an additional $100 million to shareholders through share repurchases, reducing share count by 3.5% in the second quarter.
Recognition as a Top Employer
Named to the Fortune 100 Best Companies to Work For in 2025, demonstrating a strong company culture.