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AV Homes Inc (AVHI.O)

AVHI.O on Nasdaq

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$0.05 (+0.31%)
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Latest Key Developments (Source: Significant Developments)

AV Homes to acquire Savvy Homes in Raleigh, North Carolina
Friday, 3 Mar 2017 08:00am EST 

AV Homes Inc : AV Homes to acquire Savvy Homes in Raleigh, North Carolina . AV Homes Inc - Deal for approximately $50 million . AV Homes Inc - Deal for $50 million in cash . Says acquisition will be funded by cash on hand and AV Homes' revolving credit facility . Acquisition will be funded by cash on hand and AV Homes' revolving credit facility . Transaction has been approved by AV Homes board of directors and is expected to close in Q2 of 2017 .AV Homes Inc - Michael P. Kahn represented seller in the transaction.  Full Article

AV Homes reports Q4 EPS $0.68
Thursday, 23 Feb 2017 04:05pm EST 

Av Homes Inc : AV homes reports results for fourth quarter and full year 2016 . Q4 earnings per share $0.68 . Q4 revenue rose 16 percent to $261.7 million . Qtrly homebuilding revenue increased 17 pct to $256.4 million . Qtrly homes delivered increased by 11 pct to 808 units . Sees 2017 homebuilding gross margin to be approximately 18 pct, inclusive of approximately 2.8 pct of previously capitalized interest .Sees 2017 pre-tax income is expected to be approximately $36 million.  Full Article

Av Homes says Co, units entered into an omnibus amendment to its senior revolving credit facility with JPMorgan Chase Bank - SEC Filing
Thursday, 28 Jul 2016 04:48pm EDT 

Av Homes Inc : Says Co, units entered into an omnibus amendment to its senior revolving credit facility with JPMorgan Chase Bank - sec filing . Says amendment increases committed amount available under credit agreement To $165.0 Mln - Sec filing . Credit agreement includes an 'accordion' feature that allows company, with consent of lenders, to increase aggregate amount to $200.0 million .Says amendment reduces the committed amount available under the letter of credit sub-facility to $50.0 million.  Full Article

Av Homes says Q2 earnings per share $4.45
Thursday, 28 Jul 2016 04:10pm EDT 

Av Homes Inc : Qtrly backlog value increased 60% to $363.3 million on 1,144 units . Av homes reports results for second quarter 2016 . Q2 earnings per share $4.45 . Q2 revenue rose 137 percent to $188.1 million . Qtrly average selling price for homes delivered increased 19% to $311,000 per home .Qtrly net new order value increased 55% to $213.3 million on a 40% increase in units.  Full Article

AV Homes to acquire Bonterra Builders in Charlotte, North Carolina
Wednesday, 10 Jun 2015 04:25pm EDT 

AV Homes:It has entered into definitive agreement to acquire home building assets of privately held, Charlotte, North Carolina-based Bonterra Builders LLC.for an aggregate purchase price of about $96 million in cash, subject to customary adjustments.Acquisition will be funded by cash on hand and AV Homes' revolving credit facility.Transaction has been approved by AV Homes Board and is expected to close in July 2015, subject to customary closing conditions and AV Homes' completion of third party financing in order to extend its debt maturities and support its growth strategy.Builder Advisor Group represented the seller in this transaction.  Full Article

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BRIEF-AV Homes to acquire Savvy Homes in Raleigh, North Carolina

* Says acquisition will be funded by cash on hand and AV Homes' revolving credit facility