| Schedule of financial information relating to our reportable segments |
|
Year Ended October 31, 2025 |
|
| (In thousands) |
|
Northeast |
|
|
|
Southeast |
|
|
|
West |
|
|
|
Financial Services |
|
|
|
Total |
|
| Homebuilding revenues |
$ |
1,146,746 |
|
|
$ |
349,448 |
|
|
$ |
1,356,714 |
|
|
$ |
- |
|
|
$ |
2,852,908 |
|
| Financial services revenues |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
94,975 |
|
|
|
94,975 |
|
| All other revenues (1) |
|
4,895 |
|
|
|
532 |
|
|
|
20,359 |
|
|
|
- |
|
|
|
25,786 |
|
| Total |
|
1,151,641 |
|
|
|
349,980 |
|
|
|
1,377,073 |
|
|
|
94,975 |
|
|
|
2,973,669 |
|
| Cost of sales (2) |
|
945,566 |
|
|
|
308,978 |
|
|
|
1,243,226 |
|
|
|
- |
|
|
|
2,497,770 |
|
| Selling, general and administrative |
|
63,117 |
|
|
|
33,970 |
|
|
|
97,685 |
|
|
|
- |
|
|
|
194,772 |
|
| Financial services expenses |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
56,001 |
|
|
|
56,001 |
|
| Other segment items (3) |
|
(22,572 |
) |
|
|
(8,427 |
) |
|
|
21,047 |
|
|
|
- |
|
|
|
(9,952 |
) |
| Total segment profit |
$ |
165,530 |
|
|
$ |
15,459 |
|
|
$ |
15,115 |
|
|
$ |
38,974 |
|
|
$ |
235,078 |
|
| Corporate and unallocated (4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
148,991 |
|
| Income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
86,087 |
|
|
Year Ended October 31, 2024 |
|
| (In thousands) |
|
Northeast |
|
|
|
Southeast |
|
|
|
West |
|
|
|
Financial Services |
|
|
|
Total |
|
| Homebuilding revenues |
$ |
1,007,595 |
|
|
$ |
447,804 |
|
|
$ |
1,420,088 |
|
|
$ |
- |
|
|
$ |
2,875,487 |
|
| Financial services revenues |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
74,064 |
|
|
|
74,064 |
|
| All other revenues (1) |
|
28,453 |
|
|
|
1,098 |
|
|
|
17,806 |
|
|
|
- |
|
|
|
47,357 |
|
| Total |
|
1,036,048 |
|
|
|
448,902 |
|
|
|
1,437,894 |
|
|
|
74,064 |
|
|
|
2,996,908 |
|
| Cost of sales (2) |
|
799,549 |
|
|
|
351,152 |
|
|
|
1,214,675 |
|
|
|
- |
|
|
|
2,365,376 |
|
| Selling, general and administrative |
|
62,665 |
|
|
|
34,607 |
|
|
|
85,317 |
|
|
|
- |
|
|
|
182,589 |
|
| Financial services expenses |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
49,940 |
|
|
|
49,940 |
|
| Other segment items (3) |
|
(17,219 |
) |
|
|
(14,532 |
) |
|
|
11,189 |
|
|
|
- |
|
|
|
(20,562 |
) |
| Total segment profit |
$ |
191,053 |
|
|
$ |
77,675 |
|
|
$ |
126,713 |
|
|
$ |
24,124 |
|
|
$ |
419,565 |
|
| Corporate and unallocated (4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
102,476 |
|
| Income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
317,089 |
|
|
Year Ended October 31, 2023 |
|
| (In thousands) |
|
Northeast |
|
|
|
Southeast |
|
|
|
West |
|
|
|
Financial Services |
|
|
|
Total |
|
| Homebuilding revenues |
$ |
933,156 |
|
|
$ |
419,656 |
|
|
$ |
1,277,645 |
|
|
$ |
- |
|
|
$ |
2,630,457 |
|
| Financial services revenues |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
60,088 |
|
|
|
60,088 |
|
| All other revenues (1) |
|
35,697 |
|
|
|
639 |
|
|
|
18,347 |
|
|
|
- |
|
|
|
54,683 |
|
| Total |
|
968,853 |
|
|
|
420,295 |
|
|
|
1,295,992 |
|
|
|
60,088 |
|
|
|
2,745,228 |
|
| Cost of sales (2) |
|
740,829 |
|
|
|
323,228 |
|
|
|
1,071,256 |
|
|
|
- |
|
|
|
2,135,313 |
|
| Selling, general and administrative |
|
63,793 |
|
|
|
29,562 |
|
|
|
84,367 |
|
|
|
- |
|
|
|
177,722 |
|
| Financial services expenses |
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
40,724 |
|
|
|
40,724 |
|
| Other segment items (3) |
|
(16,033 |
) |
|
|
(10,893 |
) |
|
|
21,087 |
|
|
|
- |
|
|
|
(5,839 |
) |
| Total Segment Profit |
$ |
180,264 |
|
|
$ |
78,398 |
|
|
$ |
119,282 |
|
|
$ |
19,364 |
|
|
$ |
397,308 |
|
| Corporate and unallocated (4) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
141,357 |
|
| Income before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
255,951 |
|
| (1) |
Consists primarily of land sales revenue, interest income, and income from forfeited customer deposits due to contract cancellations. |
| (2) |
Consists primarily of homebuilding and land sale costs, amortization of capitalized interest, inventory impairments and land option write-offs. |
| (3) |
Consists primarily of other interest expensed, and income (loss) from unconsolidated joint ventures. |
| (4) |
Consists primarily of corporate costs and shared services functions that are not allocated to the homebuilding or financial services reportable segments. |
| |
|
October 31,
|
|
|
(In thousands)
|
|
2025
|
|
|
2024
|
|
|
Assets:
|
|
|
|
|
|
|
|
|
|
Northeast
|
|
$ |
672,021 |
|
|
$ |
664,064 |
|
|
Southeast
|
|
|
358,383 |
|
|
|
296,058 |
|
|
West
|
|
|
829,683 |
|
|
|
889,704 |
|
|
Financial services
|
|
|
151,211 |
|
|
|
203,589 |
|
|
Total
|
|
$ |
2,011,298 |
|
|
$ |
2,053,415 |
|
| |
|
October 31,
|
|
|
(In thousands)
|
|
2025
|
|
|
2024
|
|
|
Investments in and advances to unconsolidated joint ventures:
|
|
|
|
|
|
|
|
|
|
Northeast
|
|
$ |
97,024 |
|
|
$ |
79,659 |
|
|
Southeast
|
|
|
29,765 |
|
|
|
55,344 |
|
|
West
|
|
|
34,065 |
|
|
|
6,348 |
|
|
Total
|
|
$ |
160,854 |
|
|
$ |
141,351 |
|
|