Mattamy Group Corporation Announces Third Quarter 2017 Key Operating Results

TORONTO, May 1, 2017 /CNW/ - Mattamy Group Corporation ("Mattamy"), the largest privately owned homebuilder in North America, today announced key operating results for the third quarter ended February 28, 2017 and posted full financial results for the third quarter on Intralinks.

Third Quarter 2017 Key Operating Highlights

  • Homes closed increased 21.9% to 1,319 from 1,082 in the prior year quarter
  • Net sales orders decreased 25.0% to 1,614 homes from 2,152 homes in the prior year quarter
  • Sales order backlog expanded 7.7% to 8,384 units from 7,786 units in the prior year quarter

LTM February 28, 2017 Key Operating Highlights

  • Homes closed increased 24.1% to 6,194 from 4,992 in the prior year period
  • Net sales orders decreased 8.8% to 6,793 homes from 7,392 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 May 4, 2017, 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 90,000 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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