|
contents | business | |||||||||
| Centex reports 1Q results Dallas-based home builder Centex Corp. said that its fiscal 2009's first quarter revenues were $1.13 billion, 41% lower than the same quarter last year. The loss from continuing operations for the first quarter was $169 million, or a loss of $1.36 per diluted share, up from a loss of $132 million, or $1.08 per diluted share, in the previous year's fiscal first quarter. Fiscal 2009's first quarter revenues were $1.05 billion, 42% lower than the same quarter last year as a result of a 35% decrease in closings to 3,939 homes and a 10% decrease in average sales price to $262,044. Home building reported an operating loss of $131 million for the quarter versus a loss of $172 million in last year's first quarter. The operating loss includes $80 million of impairments and write offs. Housing operating losses (housing revenues less housing cost of sales and SG&A) were $44 million, up from a loss of $5 million in the previous year. write your comments about the article :: © 2008 Construction News :: home page |