The Motley Fool

AUGUST 2, 2023

Although this is not great news, I would like to point out that a major piece of the revenue shortfall was resale revenue, which is low margin, and we have conscientiously reduced over the last few years to limit our dependency on this type of revenue. So, in the short term, the underrun and resale revenue impacts bottom-line profit.

Resale 189

Resale Capital Assets Accounting 189

The Motley Fool

JULY 25, 2024

These tenants allow us to target the biggest piece of the potential homebuyer pool by effectively competing its resale inventory, not just in today's environment that favors builders but also when the resale market returns to historical averages. We issued $575 million in new 1.75% convertible debt due 2028.

Resale 130

Resale Securities and Exchange Commission (SEC) Leveraging Banks 130

The Motley Fool

FEBRUARY 1, 2024

By this, I mean further reducing low-margin resale revenue and driving a higher level of services, including those directly associated with AI and automation. Our results continue to be impacted by the year-to-year decline of resale revenues, which was 90 basis points of the 4.5% Our financial focus is on improving the business mix.

Resale 130

Resale Banks Capital Assets 130

The Motley Fool

MAY 16, 2024

Cloud infrastructure and IT outsourcing organic revenue declined 7%, an improvement from double-digit declines we saw in the prior three quarters due to a significant resale transaction delivered in the quarter. Modern Workplace organic revenue declined year to year in the mid-teens impacted by resale revenue, which was down 30%.

Resale 130

Resale Consulting Consultants Capital 130

The Motley Fool

JUNE 15, 2023

And even while interest rates and affordability were primary headwinds to demand, the well-documented chronic housing supply shortage has kept inventory levels very low, which has continued to propel customers to stretch their finances for needed housing as incentives and price reductions combined to spark sales activity.

Resale 130

Resale Assets Capital Debt 130

The Motley Fool

FEBRUARY 1, 2024

As we previously discussed, two of the largest population cohorts, the millennials and recently Gen Zs are having life events lean to increased levels of need-based housing that currently cannot be met by the constrained resale of home supply in the market. Home closing gross margin was 25.2% in the fourth quarter of both periods.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Leveraging Financing Finance 130

The Motley Fool

NOVEMBER 1, 2023

year-to-year decline, 160 basis points came from a reduced level of low-margin resale revenues, which was in line with our expectations. Net interest expense increased $9 million year over year to $25 million, primarily due to a higher level of variable interest expense on short-term debt. Non-GAAP EPS was down $0.05

Resale 187

Resale Capital Taxes Assets 187

The Motley Fool

APRIL 26, 2024

During the spring selling season with a healthy supply of move-in ready inventory, we were able to capitalize on strong market conditions generated by the increasing need for housing for millennials and Gen Zs as well as the move-down Baby Boomers who continue to find our limited inventory, limited availability of resale housing supply.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Leveraging Financing Finance 130

The Motley Fool

APRIL 18, 2024

Forestar had approximately $800 million of liquidity at quarter end with a net debt to capital ratio of 16.4%. During the second quarter, essentially all of our mortgage companies loan originations related to homes closed by our homebuilding operations and our mortgage company handled the financing for 80% of our buyers.

Resale 130

Resale Securities and Exchange Commission (SEC) Taxes Capital 130

The Motley Fool

JANUARY 23, 2024

One hundred basis points of the sequential margin decline related to the decrease in the value of hedging instruments we used to offer below-market interest rate financing to our homebuyers, while the remainder was primarily due to an increase in incentive levels on homes closed during the quarter. Debt at the end of the quarter totaled $5.3

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Resale Leveraging Taxes 130

The Motley Fool

SEPTEMBER 11, 2024

Operator instructions] I would now like to turn the conference over to Dustin Hauenstein, senior vice president of finance. Dustin Hauenstein -- Senior Vice President, Finance Good morning. Let's first talk about our resale business. Total debt outstanding was $465.8 All participants will be in listen-only mode.

Taxes 130

Taxes Leveraging Portfolios Resale 130

The Motley Fool

AUGUST 1, 2023

And lastly, the resale home market remains tight as existing buyers are hesitant to leave their low rate mortgages, which limits available inventory and helps to increase new home demand. billion and net debt to cap of negative 0.2% Our target net debt to cap has always been kind of in the low – mid-20s, we are way off of that.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Taxes Resale Banks 130

The Big Picture

MAY 7, 2024

Joanne Bradford has had a fascinating career in technology, marketing and finance. You know, student loan debt is one of the biggest problems in America. Like, why wouldn’t you save $200 a month, you know, to refi your debts? Let me, let me go to finance and see what I could shake up there. Barry Ritholtz : Yeah.

Startups 57

Startups Financing Finance Companies 57

The Motley Fool

AUGUST 1, 2023

In the interim term, our expected cash flow generation boosted by our robust new build pipeline, along with normal course debt installment payments are expected to result in significant organic improvement in our net leverage. Turning our attention to the balance sheet and our debt maturity profile on Slide 20. That's helpful.

Debt 100

Debt Leveraging Collateral Resale 100

The Motley Fool

SEPTEMBER 12, 2024

Our strengthening market position, profitable and growing business, and debt free balance sheet, all enabled our recently announced first-ever share buyback authorization. Last week, we launched our resale platform piloting with our own associates before launching a customer facing experience in the near future.

Leveraging 130

Leveraging Financing Finance Capital 130

The Motley Fool

FEBRUARY 2, 2024

Our finance, accounting, legal, and real estate investment teams have had a busy year-end and beginning of 2024, closing over $1.2 Orange County, and Atlanta, both underperformed mainly for reasons related to bad debt, skips and evictions, and fraud. Our balance sheet remains strong with net debt-to-EBITDA at four times.

Debt 130

Debt Taxes Capital Assets 130

The Motley Fool

FEBRUARY 27, 2024

To grow revenue and earn a full-year adjusted EBITDA profit in a more challenging market, we're now integrating rents and Redfin, human resources, finance, and legal departments, as well as technology infrastructure. The balance sheet looks strong in terms of cash and equivalents. I think it's nearly $200 million.

Securities and Exchange Commission (SEC) 100

Securities and Exchange Commission (SEC) Banks Capital Legal 100

The Motley Fool

JANUARY 19, 2024

Joining me on the call from PPG are Tim Knavish, chairman and chief executive officer; Vince Morales, senior vice president and chief financial officer; and John Bruno, vice president of finance. John Bruno -- Vice President, Finance One more, John, from John Bruno. Our comments relate to the financial information released after U.S.

Leveraging 130

Leveraging Resale Taxes Capital 130

The Motley Fool

AUGUST 10, 2023

Total debt, excluding unamortized deferred financing fees and finance leases was $84 million, compared to $101 million at the end of last year's second quarter. Obviously, some of the product resale affected mix this year. Thanks for taking my question.

Leveraging 130

Leveraging Banks Portfolios Returns 130

The Motley Fool

JULY 20, 2023

Horton and had more than $780 million of liquidity at quarter end, with a net debt to capital ratio of 19.1%. During the quarter, 99% of our mortgage company's loan originations related to homes closed by our homebuilding operations, and our mortgage company handled the financing for 74% of our buyers. At June 30th, we had $4.6

Banks 130

Banks Securities and Exchange Commission (SEC) Leveraging Capital 130

The Big Picture

SEPTEMBER 5, 2023

MILLER: Now, what’s interesting if you dig a little deeper is that it’s not that the whole world is just paying cash, it’s that the number of transactions for cash buyers and financed buyers, both fell sharply year over year. The aggregate total was about 40% year over year. RITHOLTZ: Wow. RITHOLTZ: Right. RITHOLTZ: Wow.

Taxes 52

Taxes Banks Resale Accounting 52

The Motley Fool

AUGUST 7, 2024

Operating executive, head of accounting and finance supervisory unit, Mr. Masao Kawaguchi. Masao Kawaguchi -- Head of Accounting and Finance At this time, I'd like to explain the details of our results. And also, if the finance situation in the market changes, we have a finance business that accounts for half of the balance sheet.

Depreciation 130

Depreciation Financing Finance Banks 130