Mattamy Group Corporation Announces First Quarter 2017 Key Operating Results

TORONTO, Nov. 1, 2016 /CNW/ - Mattamy Group Corporation ("Mattamy"), the largest privately owned homebuilder in North America, today announced key operating results for the first quarter ended August 31, 2016 and posted full financial results for the first quarter on Intralinks.

First Quarter 2017 Key Operating Highlights

  • Homes closed increased 21.5% to 1,064 from 876 in the prior year quarter
  • Net sales orders grew 6.8% to 1,335 homes from 1,250 homes in the prior year quarter
  • Sales order backlog expanded 34.2% to 7,791 units from 5,804 units in the prior year quarter

LTM August 31, 2016 Key Operating Highlights

  • Homes closed increased 13.8% to 5,554 from 4,879 in the prior year period
  • Net sales orders grew 30.2% to 7,579 homes from 5,820 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 first-quarter financial results live on November 8, 2016, from 10:00 am EST to 11:00 am EST. Conference call dial-in details and 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 operations across the United States and Canada. Mattamy has sold more than 70,000 homes in hundreds of communities. In the United States, the company is represented in nine metropolitan areas – Minneapolis-St. Paul, Charlotte, Phoenix, Tucson, Jacksonville, Orlando, Tampa, Sarasota and Naples – 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.

SOURCE Mattamy Homes Limited

For further information: Investor Relations Contact: Darryl Dawe, 416-637-0794, bondholders@mattamycorp.com

RELATED LINKS
http://www.mattamyhomes.com/

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