M.D.C. Holdings, Inc. (MDC) Tops Q3 EPS by 20c, offers guidance

M.D.C. Holdings, Inc. (NYSE: MDC) reported Q3 EPS of $1.40, $0.20 better than the analyst estimate of $1.20. Revenue for the quarter came in at $1.09 billion versus the consensus estimate of $1.13 billion.

2023 Outlook and Other Selected Information

Projected home deliveries for the 2023 fourth quarter between 2,200 and 2,400

Projected average selling price for 2023 fourth quarter unit deliveries of between $545,000 and $555,000
Projected gross margin from home sales for the 2023 fourth quarter between 18.0% and 19.5% (assuming no impairments or warranty adjustments)

Active subdivision count at September 30, 2023 of 235, up 7% year-over-year
Lots controlled of 22,353 at September 30, 2023, down 24% year-over-year
Quarterly cash dividend of fifty-five cents ($0.55) per share declared on October 23, 2023

Consistent record of stable or increasing dividends for nearly 30 years

For earnings history and earnings-related data on M.D.C. Holdings, Inc. (MDC) click here.

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