NEWPORT BEACH, CA -- William Lyon Homes, a leading homebuilder in the Western U.S., said it earned $6.9 million in the second quarter, on home sales revenue of $120.6 million. Sales revenues grew 122%, while new home deliveries rose 49 percent to 345 homes.
"We achieved some significant milestones in the second quarter of 2013, including completing a successful IPO, generating positive net income in our initial quarter as a public company and delivering our sixth consecutive quarter of year over year growth in deliveries, orders and backlog," said William H. Lyon, Chief Executive Officer. "During the quarter, we experienced strong demand, as evidenced by continued price increases and a healthy sales pace per community. Looking ahead, we are well positioned with a strong balance sheet and an attractive land position in our markets to capitalize on new growth opportunities. We look forward to continuing to build upon our market leadership position and focus on delivering an unparalleled customer experience to drive growth and returns for our shareholders."