Mattamy Group Corporation Announces First Quarter 2018 Key Operating Results

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Nov 02, 2017, 13:50 ET

TORONTO, Nov. 2, 2017 /PRNewswire/ - Mattamy Group Corporation ("Mattamy"), the largest privately owned homebuilder in North America, today announced key operating results for the first quarter ended August 31, 2017 and posted full financial results for the first quarter on Intralinks.

First Quarter 2018 Key Operating Highlights

Homes closed increased 8.7% to 1,157 from 1,064 in the prior year quarter
Net sales orders decreased 5.2% to 1,266 homes from 1,335 homes in the prior year quarter
Sales order backlog decreased 4.9% to 7,407 units from 7,791 units in the prior year quarter

LTM August 31, 2017 Key Operating Highlights

Homes closed increased 22.6% to 6,855 from 5,590 in the prior year period
Net sales orders decreased 14.6% to 6,472 homes from 7,579 homes in the prior year period

For Access to Conference Call and Financial Reports:
Mattamy will host its conference call, for qualified investors, to discuss its fourth-quarter financial results live on November 9, 2017, from 10:00 am EST to 11:00 am EST. Full financial results are available on Intralinks. An audio replay of the call will be available within 24 hours after the call on Intralinks.

Access to Mattamy's Intralinks site is accessible to beneficial owners of notes, prospective investors and others upon certification to establish its identity as such to the reasonable satisfaction of Mattamy. To obtain information on how to access the site, or if you experience any difficulty please contact [email protected].

About Mattamy Homes
Mattamy Homes is the largest privately owned homebuilder in North America, with operations across the United States and Canada. Mattamy has sold more than 90,000 homes in hundreds of communities. In the United States, the company is represented in nine markets – Charlotte, Phoenix, Tucson, Jacksonville, Orlando, Tampa, Sarasota, Naples and Southeast Florida – and in Canada, those communities stretch across the Greater Toronto Area, as well as in Ottawa, Calgary and Edmonton. Visit www.mattamyhomes.com for more information.