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Mattamy Group Corporation Announces Second Quarter 2023 Key Operating Results

TORONTO, Jan. 27, 2023 /PRNewswire/ - Mattamy Group Corporation ("Mattamy"), the largest privately owned homebuilder in North America, today announced key operating results for the second quarter ended November 30, 2022 and posted LTM financial results for the second quarter on Intralinks.

Second Quarter 2023 Key Operating Highlights

  • Revenue increased 7.1% to $1.21B from $1.13B in the prior year quarter
  • Homes closed decreased 8.7% to 1,620 from 1,775 in the prior year quarter
  • Net sales orders decreased 60.7% to 849 homes from 2,160 homes in the prior year quarter
  • Sales order backlog decreased 28.0% to 5,878 units from 8,159 units in the prior year quarter

LTM November 30, 2022 Key Operating Highlights

  • Revenue increased 8.8% to $4.86B from $4.47B in the prior year
  • Homes closed decreased 4.8% to 7,525 from 7,903 in the prior year
  • Net sales orders decreased 38.5% to 5,295 homes from 8,612 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 second-quarter financial results live on January 31, 2023, from 10:00 am EST to 11:00 am EST. 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 bondholders@mattamycorp.com

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.

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SOURCE Mattamy Homes Limited