M.D.C. Holdings (MDC) Tops Q1 EPS by 1c
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M.D.C. Holdings Announces 2015 First Quarter Results
May 5, 2015 6:00 AM EDTDENVER, May 5, 2015 /PRNewswire/ -- M.D.C. Holdings, Inc. (NYSE: MDC) announced results for the quarter ended March 31, 2015.
2015 First Quarter Highlights and Comparisons to 2014 First Quarter
Net income of $8.4 million, or $0.17 per share, vs. $11.5 million, or $0.23 per share Home sale revenues of $377.0 million, up 18% from $318.5 million Average sales price up $49,900 per home, or 14%, to $414,800 Homes delivered of 909 up from 873 Gross margin from home sales of 15.4% down from 18.5% Decrease partly due to higher incentives utilized to reduce... More