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August 29, 2015 5:43 PM ET

Household Durables

Company Overview of Shea Homes Limited Partnership

Company Overview

Shea Homes Limited Partnership acquires and develops land; and constructs and sells residential homes. It operates in Southern California, San Diego, Northern California, Mountain West, South West, and East segments. The company designs, builds, and markets single-family detached and/or attached homes under the Shea Homes, Trilogy, SPACES, and Shea 3D brand names. It also develops and sells land to other homebuilders; and provides insurance brokerage services. The company serves entry, move-up, luxury, and active lifestyle buyers. J.F. Shea, G.P. serves as the general partner of the company. Shea Homes Limited Partnership was founded in 1968 and is based in Walnut, California.

655 Brea Canyon Road

Walnut, CA 91789

United States

Founded in 1968

668 Employees

Phone:

909-594-9500

Key Executives for Shea Homes Limited Partnership

Chief Executive Officer and President
Age: 52
Chief Financial Officer
Age: 56
President of Shea Homes San Diego
President of Northern California
President of Southern California
Compensation as of Fiscal Year 2015.

Shea Homes Limited Partnership Key Developments

Shea Homes Reports Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended June 30, 2015

Shea Homes reported unaudited consolidated earnings results for second quarter and six months ended June 30, 2015. For the quarter, the company’s revenues were $294,808,000 against $256,083,000 a year ago. Net income attributable to company was $28,193,000 against $28,707,000 a year ago. Adjusted EBITDA was $60,861,000 against $51,937,000 a year ago. Net cash provided by operating activities was $33,865,000 against net cash used in operations was $18,487,000 a year ago. EBITDA was $64,431,000 against $51,785,000 a year ago. Income before income tax was $45,961,000 against $31,527,000 a year ago. The decrease in net income was primarily due to a $15.0 million increase in income tax expense, a $4.0 million increase in selling, general & administrative expense and a $1.0 million decrease in income from joint ventures, partially offset by a $15.9 million increase in gross margin and a $3.7 million increase in other income. The improvement in operating cash flow was primarily due to increased cash receipts from home deliveries and lower land acquisition and land development spending, partially offset by increased house construction costs. For the six months, the company’s revenues were $512,788,000 against $436,198,000 a year ago. Net loss attributable to company was $451,000 against income of $40,005,000 a year ago. Adjusted EBITDA was $100,610,000 against $83,664,000 a year ago. Net cash used in operating activities was $83,689,000 against $121,149,000 a year ago. EBITDA was $54,409,000 against $83,910,000 a year ago. Income before income tax was $19,703,000 against $50,500,000 a year ago.

Shea Homes Limited Partnership to Report Q2, 2015 Results on Aug 05, 2015

Shea Homes Limited Partnership announced that they will report Q2, 2015 results After-Market on Aug 05, 2015

Shea Homes Limited Partnership, Q2 2015 Earnings Call, Aug 06, 2015

Shea Homes Limited Partnership, Q2 2015 Earnings Call, Aug 06, 2015

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 12, 2015
Meadow Walk
 

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