Standard Pacific Homes Second Quarter 2012 Numbers
$14.5 M +239.7.1%
$23.2 M +192.5%
Behind the Numbers:
There were no “down” numbers in Standard Pacific’s second-quarter earnings. The company turned a tidy profit, deliveries were up, revenues were up, orders were up, and homes in backlog climbed a whopping 62% over the year before. Even gross margin climbed to 20.5% from 17% a year before. The company continued its land buying, spending $96.6 million on 2,238 homesites in the quarter. More than a third of the land spent was in California, just under a third in Florida, and the balance spread through its other operations.
Standard Pacific Homes’ fiscal year ends December 31.