PICO Holdings (PICO) Reports Q4 Loss of $1.36/Share

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PICO Holdings, Inc. Announces Fourth Quarter and Full Year 2014 Results

March 16, 2015 7:51 AM EDT

LA JOLLA, Calif., March 16, 2015 (GLOBE NEWSWIRE) -- PICO Holdings, Inc. (Nasdaq: PICO) today reported results for the fourth quarter and full year ended December 31, 2014. PICO reported book value of $425.5 million ($18.50 per share) at December 31, 2014, compared to book value of $455.1 million ($19.99 per share) at September 30, 2014 and $472.9 million ($20.79 per share) at December 31, 2013.

Fourth Quarter Segment Results of Operations

For the fourth quarter of 2014, PICO reported a net loss of $31.1 million ($1.36 per share), compared to a net loss of $7.8 million ($0.34 per share) in the fourth quarter of 2013. Our fourth quarter segment results of operations are (in thousands):

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PICO Holdings, Inc. Announces Fourth Quarter and Full Year 2014 Results

March 16, 2015 7:51 AM EDT

LA JOLLA, Calif., March 16, 2015 (GLOBE NEWSWIRE) -- PICO Holdings, Inc. (Nasdaq: PICO) today reported results for the fourth quarter and full year ended December 31, 2014. PICO reported book value of $425.5 million ($18.50 per share) at December 31, 2014, compared to book value of $455.1 million ($19.99 per share) at September 30, 2014 and $472.9 million ($20.79 per share) at December 31, 2013.

Fourth Quarter Segment Results of Operations

For the fourth quarter of 2014, PICO reported a net loss of $31.1 million ($1.36 per share), compared to a net loss of $7.8 million ($0.34 per share) in the fourth quarter of 2013. Our fourth quarter segment results of operations are (in thousands):

... More

UCP Reports Fourth Quarter and Year End 2014 Results

March 16, 2015 7:00 AM EDT

Homebuilding Revenue Increased 114% to $155.4 Million in Full Year 2014

New Home Deliveries More than Doubled to 432 in Full Year 2014

Increased Owned and Controlled Lots to 6,368 as of the End of 2014

SAN JOSE, Calif.--(BUSINESS WIRE)-- UCP, Inc. (NYSE: UCP) today announced its results of operations for the year and three months ended December 31, 2014.

Fourth Quarter 2014 Highlights Compared to Fourth Quarter 2013

Total consolidated revenue grew 56.2% to $46.2 million Revenue from homebuilding operations increased 73.2% to $44.9 million New homes deliveries grew 101.5% to 131 units... More