M.D.C. Holdings, Inc. (MDC) Tops Q2 EPS by 4c

M.D.C. Holdings, Inc. (NYSE: MDC) reported Q2 EPS of $0.44, $0.04 better than the analyst estimate of $0.40. Revenue for the quarter came in at $431.26 million versus the consensus estimate of $412.9 million.

• Net new orders up 5% to 1,419 homes
  • Dollar value of net new orders of $544.8 million, up 12%
• Ending backlog dollar value of $761.5 million vs. $784.2 million
• Home sale revenues of $430.7 million, up 8% vs. $400.3 million
  • Average sales price increase of $33,600 per home, or 10%, to $372,000
  • Homes delivered of 1,158 down slightly from 1,183
• Ending active community count of 159, up 14% from 140

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

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