...A. In what proved to be a challenging environment, we met or exceeded our guidance across all key metrics. B. We delivered 2,899 homes at an average price of approximately $934,000, generating record second quarter home sales revenue of $2.71 billion or $236 million better than the midpoint of our guidance. C. We posted an adjusted gross margin of 27.5% and an SG&A margin of 9.5%, a 25 and 80 basis points better than guidance, respectively and we earned $352.4 million or $3.50 per diluted share. D. Adjusting for the $175 million pretax land sale gain we recorded last year, our second quarter earnings per share were a record. E. Our results and the strength of our backlog also provide us the confidence to reaffirm all of our guidance for fiscal 2025, and including home sales revenue of $10.9 billion at the midpoint, an adjusted gross margin of 27.25% and earnings of approximately $14 per diluted share. F. In the second quarter, we signed 2,650 net agreements for $2.6 billion down approximately...
