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August 31, 2015 5:58 AM ET

Household Durables

Company Overview of William Lyon Homes

Company Overview

William Lyon Homes, together with its subsidiaries, designs, constructs, markets, and sells single-family detached and attached homes in California, Arizona, Nevada, Colorado, Washington, and Oregon. The company sells its homes primarily to entry-level, first-time move-up and second-time move-up homebuyers under the Village Homes and Polygon Northwest Homes brands through in-house commissioned sales personnel and outside brokers. As of December 31, 2014, the company owned approximately 14,103 lots; and had options to purchase an additional 3,439 lots. William Lyon Homes was founded in 1954 and is headquartered in Newport Beach, California.

4695 MacArthur Court

8th Floor

Newport Beach, CA 92660

United States

Founded in 1954

585 Employees

Phone:

949-833-3600

Fax:

949-476-2178

Key Executives for William Lyon Homes

Vice Chairman, Co-Chief Executive Officer and Chairman of Executive Committee
Age: 41
Total Annual Compensation: $600.0K
Co-Chief Executive Officer, President, Chairman of Land Committee and Vice Chairman of Executive Committee
Age: 40
Total Annual Compensation: $500.0K
Founder and Executive Chairman
Age: 92
Total Annual Compensation: $1.5M
Chief Financial Officer, Principal Accounting Officer and Senior Vice President
Age: 44
Total Annual Compensation: $270.5K
President of California Region
Age: 51
Total Annual Compensation: $306.2K
Compensation as of Fiscal Year 2014.

William Lyon Homes Key Developments

William Lyon Homes Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

William Lyon Homes announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported operating revenue of $254,695,000 compared to $179,809,000 a year ago. Operating income was $19,862,000 compared to $20,604,000 a year ago. Income before provision for income taxes was $20,504,000 compared to $20,958,000 a year ago. Net income was $13,250,000 compared to $14,752,000 a year ago. Net income available to common stockholders was $12,277,000 or $0.32 per diluted share compared to $12,285,000 or $0.38 per diluted share a year ago. Net cash used in operating activities was $44,130,000 compared to $32,805,000 a year ago. Adjusted EBITDA was $38,756,000 compared to $26,605,000 a year ago. For the six months, the company reported operating revenue of $451,863,000 compared to $329,760,000 a year ago. Operating income was $30,257,000 compared to $36,401,000 a year ago. Income before provision for income taxes was $31,680,000 compared to $36,874,000 a year ago. Net income was $20,856,000 compared to $26,094,000 a year ago. Net income available to common stockholders was $18,959,000 or $0.50 per diluted share compared to $20,982,000 or $0.64 per diluted share a year ago. Net cash used in operating activities was $105,302,000 compared to $202,541,000 a year ago. Adjusted EBITDA was $61,778,000 compared to $47,111,000 a year ago.

William Lyon Homes Announces Executive Changes

William Lyon Homes announced that its Board of Directors has elected Matthew R. Zaist, currently the company’s President and Chief Operating Officer, as its co-Chief Executive Officer and President, effective immediately, to serve alongside William H. Lyon, the company’s current Chief Executive Officer and Director, in co-CEO roles. Also effective immediately, Mr. Lyon will assume the newly created director role of Vice Chairman of the Board, a position formed as part of the company’s board succession planning initiatives. General William Lyon will continue to serve as the company’s Executive Chairman and Chairman of the Board of Directors. The co-Chief Executive Officers will report to the Board of Directors and continue to work together to establish, implement and direct long-range goals, strategies, plans and policies for the Company. All legal and enterprise risk management, human resources and information technology functions will continue to report to William H. Lyon as co-CEO. Mr. Lyon will also serve as Chair of the company’s Executive Committee. In addition, in his new role as Vice Chairman of the Board, Mr. Lyon will assume additional responsibilities at the board level and provide support to the Chairman of the Board. As co-CEO and President, Mr. Zaist will have direct responsibility and authority over the management of the operational and financial aspects of the business, and all homebuilding operations and corporate finance functions will report to him as co-CEO. Mr. Zaist will continue to serve as Chair of the company’s Land Committee and Vice Chair of the Executive Committee.

William Lyon Homes to Report Q2, 2015 Results on Aug 07, 2015

William Lyon Homes announced that they will report Q2, 2015 results at 9:00 AM, Pacific Standard Time on Aug 07, 2015

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