Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONSOLIDATED INCOME STATEMENTS

v3.24.1.u1
UNAUDITED CONSOLIDATED INCOME STATEMENTS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Commissions and other sales costs $ (101,550) $ (82,846)
General and administrative expenses (50,732) (47,519)
Interest expensed 0 0
Other income, net 9,022 8,844
Earnings before income taxes 234,015 165,303
Provision for income taxes (47,999) (34,002)
Net earnings $ 186,016 $ 131,301
Earnings per common share:    
Basic (in dollars per share) $ 5.12 $ 3.58
Diluted (in dollars per share) $ 5.06 $ 3.54
Weighted average number of shares:    
Basic (in shares) 36,311 36,664
Diluted (in shares) 36,779 37,121
Common Stock, Dividends, Per Share, Declared $ 0.75 $ 0.27
Homebuilding    
Revenue $ 1,468,401 $ 1,279,308
Cost of closings (1,090,436) (995,407)
Gross profit 377,965 283,901
Home closings    
Revenue 1,466,096 1,261,923
Cost of closings (1,088,138) (979,462)
Gross profit 377,958 282,461
Land closings    
Revenue 2,305 17,385
Cost of closings (2,298) (15,945)
Gross profit 7 1,440
Financial Services    
Revenue 6,353 5,731
Expense (3,003) (3,067)
Gross profit (690) 2,923
(Loss)/earnings from financial services unconsolidated entities and other, net $ (4,040) $ 259