Quarterly report [Sections 13 or 15(d)]

UNAUDITED CONSOLIDATED INCOME STATEMENTS

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UNAUDITED CONSOLIDATED INCOME STATEMENTS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Commissions and other sales costs $ (79,472) $ (94,720)
General and administrative expenses (51,402) (56,997)
Interest expense (587) 0
Other income, net 6,963 9,498
Earnings before income taxes 72,524 160,159
Provision for income taxes (17,215) (37,353)
Net earnings $ 55,309 $ 122,806
Earnings per common share:    
Basic (in dollars per share) $ 0.82 $ 1.71
Diluted (in dollars per share) $ 0.82 $ 1.69
Weighted average number of shares:    
Basic (in shares) 67,367 71,915
Diluted (in shares) 67,806 72,650
Common Stock, Dividends, Per Share, Declared $ 0.48 $ 0.43
Homebuilding    
Revenue $ 1,117,183 $ 1,357,525
Cost of closings (923,654) (1,058,710)
Gross profit 193,529 298,815
Home closings    
Revenue 1,107,822 1,342,104
Cost of closings (914,024) (1,046,454)
Gross profit 193,798 295,650
Land closings    
Revenue 9,361 15,421
Cost of closings (9,630) (12,256)
Gross profit (269) 3,165
Financial Services    
Revenue 6,285 7,082
Expense (3,623) (4,192)
Gross profit 3,493 3,563
Earnings from financial services unconsolidated entities and other, net $ 831 $ 673