Mattamy Group Corporation Reports Q1 2025 Operating Results
Mattamy Group Corporation's Q1 2025 Overview
Mattamy Group Corporation, known for being the largest privately owned homebuilder, has shared its operating results for the first quarter. The latest findings reveal key trends as the company adapts to current market conditions.
Key Operating Highlights from Q1 2025
During the first quarter, Mattamy experienced notable changes in its operating results:
- Revenue saw a decline of 23.1%, totaling $0.99 billion compared to $1.28 billion from the previous year.
- The number of homes closed dropped by 21.4%, with 1,298 homes closed versus 1,652 homes last year.
- Net sales orders fell by 15.2%, reflecting 1,459 homes sold compared to 1,721 homes the prior year.
- The sales order backlog decreased by 8.1%, with 5,661 units remaining from a previous count of 6,157.
LTM Performance Overview
Looking at the Last Twelve Months (LTM) highlighted the following:
- Revenue increased by 10.8%, reaching $6.14 billion, up from $5.54 billion the prior year.
- Homes closed showed growth of 6.7%, with 8,142 homes closed compared to 7,634 in the previous year.
- Net sales orders also rose by 7.1%, totaling 7,647 homes sold from 7,142 the prior year.
Upcoming Conference Call Details
Mattamy Group will conduct a conference call focusing on these financial results for interested investors. The call is scheduled to take place on a future date that will be confirmed, and participants will be given access to comprehensive financial information.
About Mattamy Homes
With a legacy spanning over 40 years, Mattamy Homes is a key player in North America's real estate sector, helping thousands of families each year in realizing their home ownership dreams. Active in several markets across the U.S. and Canada, Mattamy's operations are designed to cater to diverse customer needs, ensuring that they can serve different communities effectively.
Frequently Asked Questions
1. What were Mattamy's revenue figures for Q1 2025?
Mattamy reported a revenue of $0.99 billion for the first quarter of 2025, a decrease from $1.28 billion the previous year.
2. How did home sales perform in Q1 2025 compared to the previous year?
Home sales closed decreased by 21.4%, with 1,298 homes sold compared to 1,652 in Q1 2024.
3. What was the percentage decrease in net sales orders?
Net sales orders decreased by 15.2%, totaling 1,459 homes in Q1 2025 compared to 1,721 in the prior year.
4. How does Mattamy's performance compare over the last twelve months?
In the LTM ending August 31, 2024, revenue increased by 10.8%, closing 8,142 homes, representing a 6.7% increase year-over-year.
5. Where can investors find more information about Mattamy's financial results?
Investors can access the detailed financial reports and information through Mattamy's designated platforms for qualified individuals.
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