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CalAtlantic Group Inc (CAA.N)

CAA.N on New York Stock Exchange

61.49USD
16 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Lennar Sees FY 2018 Gross Margin About 22 Pct VS 22.1 Pct In FY 2017 - Conf Call‍​
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Lennar Corp ::LENNAR CORP SAYS THE “STRATEGIC” TRANSACTION THAT SHIFTED FROM Q4 TO Q1 2018, WILL PRODUCE MORE THAN THE Q4 SHORTFALL IN Q1 - CONF CALL‍​.LENNAR SAYS CONCERNS ABOUT CAPS ON DEDUCTION OF INTEREST PAYMENT ON MORTGAGE DEBT AND STATE AND LOCAL TAX AS PART OF THE TAX REFORM, SEEM TO BE OFFSET BY OPTIMISTIC MOMENTUM AROUND ECONOMIC GROWTH- CONF CALL‍​.LENNAR SAYS IT HAS STUDIED SPECIFIC IMPACTS OF THE TAX LAW ON ITS TYPICAL BUYER PROFILE IN EACH MARKET, AND FOUND THAT THE EFFECT IS GENERALLY POSITIVE AT THEIR INCOME LEVELS- CONF CALL‍​.LENNAR ANTICIPATES CLOSING THE MERGER WITH CALATLANTIC ON FEB. 12, 2018 - CONF CALL‍​.LENNAR SEES FY 2018 HOME DELIVERIES BETWEEN 32,000 AND 32,500 UNITS VERSUS 29,394 UNITS IN FY 2017 - CONF CALL‍​.LENNAR EXPECTS FY 2018 OPERATING MARGINS TO MATCH THE 2017 LEVEL OF 12.9 PERCENT - CONF CALL‍​.LENNAR SEES FY 2018 GROSS MARGIN TO BE ABOUT 22 PERCENT VERSUS 22.1 PERCENT IN FY 2017 - CONF CALL‍​.  Full Article

CalAtlantic Says ‍Net New Orders In 2017 Q4 Increased 20 Pct Versus Prior Year Period​
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - CalAtlantic Group Inc ::CALATLANTIC GROUP INC - ‍NET NEW ORDERS IN 2017 Q4 INCREASED 20% VERSUS PRIOR YEAR PERIOD​.CALATLANTIC GROUP INC - ‍END OF YEAR BACKLOG VALUE IMPROVED 21% VERSUS PRIOR YEAR END​.CALATLANTIC GROUP, INC. REPORTS 2017 FOURTH QUARTER AND FULL YEAR SELECTED OPERATING RESULTS.CALATLANTIC GROUP INC- AT DECEMBER 31, CONSOLIDATED TOTAL BACKLOG OF $3.22 BILLION.  Full Article

CalAtlantic Homes Acquires Atlanta-Based Home South Communities
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - CalAtlantic Group Inc ::CALATLANTIC HOMES SAYS ACQUIRED HOMEBUILDING OPERATIONS OF ATLANTA, GEORGIA-BASED HOME SOUTH COMMUNITIES.  Full Article

Calatlantic reports Q3 EPS of $0.75
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Calatlantic Group Inc :Calatlantic group, inc. Reports 2017 third quarter results.Q3 earnings per share $0.75.Q3 earnings per share view $0.81 -- Thomson Reuters I/B/E/S.Qtrly ‍net new orders of 3,416, down 3%​.Qtrly ‍home sale revenues of $1.5 billion, down 9%​.Qtrly ‍3,380 new home deliveries, down 8%​.Qtr end dollar value of homes in backlog increased 12% to $3.7 billion, or 7,570 homes, compared to $3.3 billion, or 7,307 homes​.Qtrly ‍total revenues $1.52 billion versus $1.67 billion ​.Q3 revenue view $1.59 billion -- Thomson Reuters I/B/E/S.  Full Article

Lennar to pay CalAtlantic $178.7 mln, ‍if deal terminated
Monday, 30 Oct 2017 

Oct 30 (Reuters) - CalAtlantic Group Inc :Lennar - ‍if deal terminated under certain conditions, co to pay CalAtlantic $178.7 million fee or CalAtlantic may be required to pay co $178.7 million fee.  Full Article

Lennar to buy CalAtlantic Group in about $9.3 bln deal
Monday, 30 Oct 2017 

Oct 30 (Reuters) - CalAtlantic Group Inc :‍Lennar and CalAtlantic announce business combination creating nation's leading homebuilder​.CalAtlantic Group Inc- ‍transaction valued at approximately $9.3 billion, including $3.6 billion of net debt assumed​.CalAtlantic Group Inc- ‍expect to realize $75 million and $250 million in synergies from combined co in FY 2018 and FY 2019​.CalAtlantic Group- ‍under terms of merger, each CalAtlantic share will be converted into right to receive 0.885 shares of Lennar class A common stock​.‍deal is accretive before deal costs in fiscal year 2018 and significantly accretive in fiscal year 2019​.CalAtlantic Group Inc - ‍consideration for deal is approximately 80% stock and 20% cash​.CalAtlantic Group Inc- ‍on a pro forma basis, CalAtlantic stockholders are expected to own approximately 26% of combined company​.CalAtlantic - co's stockholders will also have option to elect to exchange all or a portion of their shares for cash in amount of $48.26 per share​.  Full Article

Calatlantic Group Inc reports 2016 Q2 results and announces $500 million share repurchase program
Thursday, 28 Jul 2016 

Calatlantic Group Inc : Board of directors has authorized repurchase of up to $500 million of company's common stock . New share repurchase authorization replaces previous February 2016 $200 million authorization . Calatlantic Group, Inc. reports 2016 second quarter results and announces $500 million share repurchase program . Q2 earnings per share $0.83 . Q2 adjusted earnings per share $0.88 .Q2 earnings per share view $0.74 -- Thomson Reuters I/B/E/S.  Full Article

CalAtlantic Group prices offering of senior notes
Wednesday, 25 May 2016 

Calatlantic Group Inc Says Notes Will Pay Interest Semi : Annually in arrears at a rate of 5.250% per year and will mature on june 1, 2026 .Calatlantic group, inc. Announces pricing of $300 million of senior notes due 2026.  Full Article

Calatlantic Group announces proposed offering of $300 mln of senior notes
Wednesday, 25 May 2016 

Calatlantic Group Inc : Calatlantic Group Inc announces proposed offering of $300 million of senior notes . To use a portion of net proceeds of notes offering to repay or repurchase company's 10 3/4% senior notes due September 2016 . Company expects that notes will have a ten-year maturity .Intends to use a portion of net proceeds of notes offering to repay or repurchase company's 10 3/4% senior notes due September 2016.  Full Article

CalAtlantic Group Inc announces share repurchase program
Thursday, 11 Feb 2016 

CalAtlantic Group Inc:Board of Directors has authorized the repurchase of up to $200 million of the Company's common stock.Says new repurchase authorization replaces the previous October 2014 $100 million authorization.  Full Article