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. The second factor is the decline in resale revenues which drove 41% of our second quarter decrease in Cloud and ITO. Finance lease originations were $24 million, flat year to year.

Resale 187

Resale Taxes Capital Assets 187

The Motley Fool

NOVEMBER 5, 2024

And kind of how do you think about the financing of those MSRs/cash consumption of retaining more MSRs? And in terms of financing it, the lines that we have to finance are out there, and we'll leverage the assets to the extent that we need the cash to grow the origination business and continue to take profitable share.

Leveraging 130

Leveraging Resale Financing Finance 130

The Motley Fool

APRIL 11, 2024

With this program, we are creating the foundation that we'll leverage as we begin to activate the right side of our flywheel and enable customer lifetime value through services, notably beginning with trade-in and resales. And then secondly, can you maybe give us a little bit more color on your trading and resale initiative?

Resale 130

Resale Leveraging Capital Investing 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 Debt 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. The Motley Fool has a disclosure policy.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Resale Leveraging Taxes 130

The Motley Fool

JULY 30, 2024

At a high level, the housing market remains healthy with demand supported by strong fundamentals, including household formations and migration trends, years of underproduction and a lock-in effect limiting the supply of resale homes. And those type of markets where financing goes away, it's a little bit more challenging.

Leveraging 130

Leveraging Taxes Debt Resale 130

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. And, Vince, you can take the more finance-related questions there.

Leveraging 130

Leveraging Resale Taxes Capital 130

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

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. All participants will be in listen-only mode. Please go ahead. In total, our U.S.

Taxes 130

Taxes Leveraging Consultants Consulting 130

The Motley Fool

NOVEMBER 5, 2024

Our gross margin performance again reflected the balanced use of financing incentives and our ability to offset the financial impact of these tools are raising prices and taking a disciplined approach to the absolute level of rate buydowns. As a result, our third quarter gross margin was 25.1%, and our adjusted gross margin was 27.2%.

Debt 130

Debt Capital Banks Resale 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

SEPTEMBER 12, 2024

Last week, we launched our resale platform piloting with our own associates before launching a customer facing experience in the near future. And could I sneak one more in just on the financing program that you mentioned, Keith? But is there anything else that you can do on that front to kind of boost the penetration of financing?

Leveraging 130

Leveraging Financing Finance Capital 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. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Resale Taxes Banks 130

The Motley Fool

JULY 20, 2023

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. On one hand, the buydowns are probably putting you guys in such a strong competitive advantage versus the resale market.

Banks 130

Banks Securities and Exchange Commission (SEC) Leveraging Taxes 130

The Motley Fool

FEBRUARY 26, 2024

The first is a continued focus on evolving our financial management and HCM applications so that we can further empower the offices of finance and HR to optimize their two most important assets: their people and their money. Next is AI. When our customers first went live in 2007, we offered a few different products.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Professional Services Education Banks 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. We did not have a principal payment due in Q2, given we amended our credit facility during the quarter.

Leveraging 130

Leveraging Banks Portfolios Resale 130

The Motley Fool

AUGUST 16, 2023

Cloud services revenue benefited from increased spending by industries such as finance and automotive. Net finance costs were 3.4 Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Within cloud services, we launched Model-as-a-Service solutions.

Accounting 130

Accounting Leveraging Consultants Consulting 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. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.

Securities and Exchange Commission (SEC) 100

Securities and Exchange Commission (SEC) Banks Resale Legal 100

The Motley Fool

FEBRUARY 27, 2024

million annual resale transactions in time. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. There will be an event an eventual return to a mid-cycle range of 5.3 million to 5.5 I am cautiously optimistic about 2024. The Motley Fool has a disclosure policy.

Resale 100

Resale Public Companies Capital Companies 100

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 And today, it's about taking market share from single families -- single-family market because it's so upside down on a cost to rent perspective and lack of inventory in the resale market.

Debt 130

Debt Taxes Capital Assets 130

The Motley Fool

AUGUST 1, 2023

There are several other factors contributing to the exceptionally strong growth we are expecting for the fourth quarter which include more luxury and upper premium capacity operating with the new region and Oceania ships, as well as a favorable comp from the rapid exit from Cuba in 2019 and the close in resale of those sailings.

Debt 100

Debt Leveraging Collateral Resale 100

The Motley Fool

JULY 24, 2024

Now there's a lot of misconceptions around EVs on the separate areas of costs like resale value and insurance, of course, range and charging, and battery life. times the profit dealers capture through vehicle sales and financing. Bank of America estimated the profit pool for maintenance, repair, and parts. This is a huge untapped TAM.

Companies 244

Companies Capital Leveraging Resale 244

The Motley Fool

OCTOBER 30, 2024

ASP on orders this quarter of $406,000 was down 6% from prior year due to geographic and product mix shift, as well as increased financing incentive costs. We also have a competitive advantage related to affordability, as unlike existing home sellers, we can offer financing incentives. Now, turning to Slide 7. in the prior year.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Resale Financing Finance 130

The Motley Fool

JANUARY 30, 2025

As we move forward to 2025, we are excited about our opportunity to increase our market share as we compete against new build and resale homes alike. ASP on orders this quarter of $400,000 were down 4% from prior year due to a greater utilization of financing incentives, as well as product and geographic mix shift. We generated $1.6

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Resale Financing Finance 130

The Motley Fool

JANUARY 21, 2025

During the first quarter, our mortgage company handled the financing for 79% of our homebuyers. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. First-time homebuyers represented 60% of the closings handled by our mortgage company this quarter. Appreciate that.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Taxes Leveraging Capital 130

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