| Standard Pacific Homes Third Quarter Numbers | ||
|---|---|---|
| Quarter Three | Fiscal Year | |
Profit/(Loss) | ($6.4 M) –242% | ($31.8 M)-413% |
Home Deliveries | 710 +16% | 1,773–14% |
New Orders | 740+36% | 2,203+6% |
Behind the Numbers:
If it weren’t for $9 million in paper impairments on Standard Pacific’s inventory, deposit write-offs, and $600,000 in restructuring charges as part of an expense reduction plan, Standard Pacific would have turned a profit of $4.5 million in its third quarter. With a significant jump in new orders, increases in average home sales price, and new communities online, next quarter’s numbers are expected to improve.
*Quarter ended Sept. 30, 2011
