Market Overview

Mattamy Group Corporation Announces First Quarter 2021 Key Operating Results

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TORONTO, Oct. 27, 2020 /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, 2020 and posted LTM financial results for the first quarter on Intralinks.

First Quarter 2021 Key Operating Highlights

  • Revenue increased 90.8% to $1.15B from $0.61B in the prior year quarter
  • Homes closed increased 93.3% to 2,192 from 1,134 in the prior year quarter
  • Net sales orders increased 50.7% to 2,608 homes from 1,731 homes in the prior year quarter
  • Sales order backlog decreased 1.7% to 6,778 units from 6,896 units in the prior year quarter

LTM August 31, 2020 Key Operating Highlights

  • Revenue increased 6.3% to $4.21B from $3.96B in the prior year
  • Homes closed increased 14.1% to 8,252 from 7,234 in the prior year
  • Net sales orders increased 9.5% to 8,134 homes from 7,425 homes in the prior year

For Access to Conference Call and Financial Reports:
Mattamy will host its conference call, for qualified investors, to discuss its first-quarter financial results live on November 4, 2020, 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 bondholders@mattamycorp.com      

About Mattamy Homes
Mattamy Homes is the largest privately owned homebuilder in North America, with a 40-year history of operations across the United States and Canada. Every year, Mattamy helps 7,000 families realize their dream of home ownership. In the United States, the company is represented in 10 markets –Charlotte, Raleigh, Phoenix, Tucson, Jacksonville, Orlando (where its US head office is located), Tampa, Sarasota, Naples and Southeast Florida – and in Canada, its communities stretch across the Greater Toronto Area, as well as in Ottawa, Calgary and Edmonton. Visit www.mattamyhomes.com for more information.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/mattamy-group-corporation-announces-first-quarter-2021-key-operating-results-301159856.html

SOURCE Mattamy Homes Limited

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