Revenue: As of FY2025 Q3, the actual value is USD 800.58 M.

EPS: As of FY2025 Q3, the actual value is USD 1.99.

EBIT: As of FY2025 Q3, the actual value is USD 57.82 M.

Segment Revenue

• Total revenues for the third quarter of fiscal 2025 increased by 10.8% to $800.6 million compared to $722.7 million in the same quarter of the prior year. For the nine months ended July 31, 2025, total revenues increased by 6.7% to $2.16 billion compared to $2.03 billion in the first nine months of fiscal 2024.

Operational Metrics

• Homebuilding gross margin percentage, after cost of sales interest expense and land charges, was 11.7% for the three months ended July 31, 2025, compared to 19.1% during the third quarter a year ago. For the first nine months of fiscal 2025, it was 13.5% compared to 18.9% in the same period of the prior fiscal year.
• Total SG&A was $90.8 million, or 11.3% of total revenues, in the third quarter of fiscal 2025 compared to $89.5 million, or 12.4% of total revenues, in the third quarter of fiscal 2024.
• Income before income taxes for the third quarter of fiscal 2025 was $23.8 million compared to $97.3 million in the third quarter of the prior fiscal year. For the first nine months of fiscal 2025, income before income taxes was $90.2 million compared to $199.2 million during the first nine months of the prior fiscal year.
• Net income was $16.6 million, or $1.99 per diluted common share, for the three months ended July 31, 2025, compared to net income of $72.9 million, or $9.75 per diluted common share, in the same period of the previous fiscal year.

Cash Flow

• Total liquidity as of July 31, 2025, was $277.9 million, which was above the target liquidity range of $170 million to $245 million.

Unique Metrics

• The dollar value of consolidated contract backlog, as of July 31, 2025, decreased 27.6% to $838.8 million compared with $1.16 billion as of July 31, 2024.

Outlook / Guidance

• For the fourth quarter of fiscal 2025, total revenues are expected to be between $750 million and $850 million, adjusted homebuilding gross margin is expected to be between 15.0% and 16.5%, adjusted income before income taxes is expected to be between $45 million and $55 million, and adjusted EBITDA is expected to be between $77 million and $87 million.