Quarterly report [Sections 13 or 15(d)]

UNAUDITED CONSOLIDATED INCOME STATEMENTS

v3.25.1
UNAUDITED CONSOLIDATED INCOME STATEMENTS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Commissions and other sales costs $ (94,720) $ (101,550)
General and administrative expenses (56,997) (50,732)
Interest expense 0 0
Other income, net 9,498 9,022
Earnings before income taxes 160,159 234,015
Provision for income taxes (37,353) (47,999)
Net earnings $ 122,806 $ 186,016
Earnings per common share: (1)    
Basic (in dollars per share) $ 1.71 $ 2.56
Diluted (in dollars per share) $ 1.69 $ 2.53
Weighted average number of shares: (1)    
Basic (in shares) 71,915 72,622
Diluted (in shares) 72,650 73,558
Common Stock, Dividends, Per Share, Declared $ 0.43 $ 0.375
Homebuilding    
Revenue $ 1,357,525 $ 1,468,401
Cost of closings (1,058,710) (1,090,436)
Gross profit 298,815 377,965
Home closings    
Revenue 1,342,104 1,466,096
Cost of closings (1,046,454) (1,088,138)
Gross profit 295,650 377,958
Land closings    
Revenue 15,421 2,305
Cost of closings (12,256) (2,298)
Gross profit 3,165 7
Financial Services    
Revenue 7,082 6,353
Expense (4,192) (3,003)
Gross profit 3,563 (690)
Earnings/(loss) from financial services unconsolidated entities and other, net $ 673 $ (4,040)