Mattamy Group Corporation Announces Fourth Quarter 2023 Key Operating Results

USA - English

• USA - English

TORONTO, Aug. 10, 2023 /CNW/ - Mattamy Group Corporation ("Mattamy"), the largest privately owned homebuilder in North America, today announced key operating results for the fourth quarter ended May 31, 2023 and posted LTM financial results for the fourth quarter on Intralinks.

Fourth Quarter 2023 Key Operating Highlights

• Revenue increased 17.3% to $2.02B from $1.72B in the prior year quarter
• Homes closed increased 4.7% to 2,935 from 2,803 in the prior year quarter
• Net sales orders increased 30.5% to 2,651 homes from 2,031 homes in the prior year quarter
• Sales order backlog decreased 22.2% to 6,087 units from 7,825 units in the prior year quarter

Full Year May 31, 2023 Key Operating Highlights

• Revenue increased 16.3% to $5.36B from $4.61B in the prior year
• Homes closed decreased 0.7% to 7,669 from 7,723 in the prior year
• Net sales orders decreased 22.7% to 6,025 homes from 7,792 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 fourth-quarter financial results live on August 15, 2023, from 10:00 am EDT to 11:00 am EDT. 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 [email protected] 

About Mattamy Homes

Mattamy Homes is the largest privately owned homebuilder in North America, with an over 40-year history of operations across the United States and Canada. Every year, Mattamy helps 8,000 families realize their dream of home ownership. In the United States, the company is represented in 11 markets –Charlotte, Raleigh, Phoenix, Tucson, Jacksonville, Orlando (where its US head office is located), Tampa, Sarasota, Naples, Dallas 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.

SOURCE Mattamy Homes Limited

Investor Relations Contact: Darryl Dawe, 416-637-0794, [email protected]