Mattamy Group Corporation, Toronto, the largest privately owned home builder in North America, on Monday announced key operating results for the third quarter ended February 29, 2020 and posted full financial results for the third quarter on Intralinks for its bondholders.
Third Quarter 2020 Key Operating Highlights
- Revenue increased 40.4% to $1.09B from $0.78B in the prior year quarter
- Homes closed increased 50.7% to 2,167 from 1,438 in the prior year quarter
- Net sales orders increased 23.4% to 2,305 homes from 1,868 homes in the prior year quarter
- Sales order backlog decreased 3.5% to 7,295 units from 7,561 units in the prior year quarter
LTM February 29, 2020 Key Operating Highlights
- Revenue increased 10.4% to $4.25B from $3.85B in the prior year
- Homes closed increased 9.2% to 8,122 from 7,438 in the prior year
- Net sales orders increased 16.7% to 7,857 homes from 6,733 homes in the prior year
