TORONTO, April 17,
2024 /PRNewswire/ - Mattamy Group Corporation
("Mattamy"), the largest privately owned homebuilder in
North America, today announced key
operating results for the third quarter ended February 29, 2024 and posted LTM financial
results for the third quarter on Intralinks.
Third Quarter 2024 Key Operating
Highlights
- Revenue increased 45.8% to $1.50B
from $1.03B in the prior year
quarter
- Homes closed increased 42.5% to 2,034 from 1,427 in the prior
year quarter
- Net sales orders increased 4.4% to 2,004 homes from 1,920 homes
in the prior year quarter
- Sales order backlog decreased 6.5% to 5,956 units from 6,371
units in the prior year quarter
LTM February 29, 2024 Key Operating
Highlights
- Revenue increased 27.3% to $6.45B
from $5.06B in the prior year
- Homes closed increased 15.5% to 8,709 from 7,537 in the prior
year
- Net sales orders increased 53.5% to 8,294 homes from 5,404
homes in the prior year
For Access to Conference Call and
Financial Reports:
Mattamy will host its conference call, for qualified investors,
to discuss its third-quarter financial results live on April 23, 2024, from 10:00
am EDT to 11:00 am EDT. Full financial results are available
on Intralinks. An audio replay of the call will be available within
24 hours after the call on Intralinks.
Access to Mattamy's Intralinks site is accessible to beneficial
owners of notes, prospective investors and others upon
certification to establish its identity as such to the reasonable
satisfaction of Mattamy. To obtain information on how to access the
site, or if you experience any difficulty, please contact
bondholders@mattamycorp.com
About Mattamy Homes
Mattamy Homes is the largest privately owned homebuilder in
North America, with 45 years of
history across the United
States and Canada. Every
year, Mattamy helps over 8,000 families realize their dream of home
ownership. In the United States,
the company is represented in 11 markets – Charlotte, Raleigh, Phoenix, Tucson, Jacksonville, Orlando (where its US head office is located),
Tampa, Sarasota, Naples, Dallas and Southeast
Florida – and in Canada,
its communities stretch across the Greater Toronto Area, as well as in
Ottawa, Calgary and Edmonton. Visit www.mattamyhomes.com for
more information.
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SOURCE Mattamy Homes Limited