Asset Impairments

Top 10 Insights from the Public Builder Report Card
Posted on
Top 10 Insights from the Public Builder Report Card

With another Public Builder Report Card in the rearview mirror, Jaime Pirrello... More

Posted on
Beyond Fair Market Value Beyond Fair Market Value

Do home building mergers and acquisitions put value on home building company sellers above and beyond the fair market value of the tangible and intangible assets of the company. This piece from M&A pro Michael P. Kahn and his partner Peter Hazeloop, serves as a rebuttal to BIG BUILDER columnist Jamie Pirrello's assertions on M&A valuation. Kahn and Hazeloop focus what a seller's worth to each unique buyer, each for separate and distinct motivations. Is the issue GAAP accounting terminology? What's your take? More

Posted on
By the Numbers: Meritage Homes, Fourth Quarter 2011

Meritage’s fourth quarter bottom line took a significant hit due to $13.9 million of asset impairments. More

Posted on
M/I Homes Loss Widens in 2nd QTR

M/I Homes Inc., Columbus, Ohio (NYSE:MHO) on Thursday reported a net loss for the second quarter of $9.1 million (-$0.49 per share) compared to a net loss of $4.8 million (-$0.26 per share) during the second quarter of 2010. The results included $5.5 million of asset impairments, compared to $6.5 million in last year's quarter. Analysts were expecting a loss of 21 cents per share, not including impairments. More

Posted on
Hovnanian Loss Wider Than Expected

Hovnanian Enterprises, Red Bank, N.J. (NYSE:HOV) late Tuesday reported a wider-than-expected loss for its fiscal first quarter ended Jan. 31 on higher impairment charges and double digit declines in both closings and new orders. The company lost $64.1 million, ($0.82) per share, compared with net income of $236.2 million, or $2.97 per share, in last year's fiscal first quarter. The loss included $13.5 million in impairments, up from $5 million in the prior-year quarter. The company also took a $22 million charge to earnings related to its tax asset valuation allowance. More

Posted on
M/I Homes 1st-QTR Loss Narrows

M/I Homes, Inc. (NYSE:MHO), Columbus, Ohio, on Wednesday reported a net loss of $8.3 million (-$0.45 per share) for the 2010 first quarter ended March 31, compared to a net loss of $28.1 million, or $2.01 per share during the first quarter of 2009. The 2010 loss included $3.2 million of asset impairments and a $600,000 set-aside for Chinese drywall remediation efforts. More

Posted on
M/I Homes Increases Sales

Targeting first-time and bargain-oriented buyers is helping the Ohio-based builder gain ground in the Midwest. More

Posted on
Standard Pacific's Loss Narrows as Builder Reports Positive Sales Trends

Standard Pacific lowers its 1Q loss to $49.5 million. More

Posted on
Standard Pacific Narrows Loss, Beats Street

Standard Pacific Corp. (NYSE:SPF), Irvine, Calif., on Thursday after market close reported a net loss for the first quarter of 2009 of $49.5 million, (-$0.21) per diluted share, compared to a net loss of $216.9 million (-$3.00 per diluted share), for the year earlier period. The loss included asset impairment charges of $30.8 million, comprised of $28.7 million related to real estate inventories and $2.1 million related to lot option deposits compared to $192.3 million for last year's first quarter. The 2009 results also included $14.1 million in restructuring charges related to division consolidation and headcount reductions and a $19.2 million charge related to the Company's deferred tax asset valuation allowance. The loss beat the Wall Street consensus estimate of a loss of $0.30 per share. More

Posted on
Pulte Doesn’t Foresee Revenue Rebound Until 2011

But merging with Centex might push the company into the black by next year. More

RSS
BUILDER Local Housing Data
Watch BUILDER videos
Close X