Reports Q1 revenue $189.21M, consensus $217.33M. Net new orders increased 15% to 765. Home closings increased 13% to 566. Greg Bennett, Vice Chairman and Chief Executive Officer, commented, “We are pleased by the results this quarter, our first as a public company, during which we completed our IPO in January and concurrently amended and increased the size of our credit facility. We achieved our sales and closings expectations and continue to produce excellent gross margins, coming in at 26.1% for the period.”
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