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UCP Reports First Quarter 2015 Results

May 11, 2015 7:00 AM EDT

Homebuilding Revenue Increased 68% to $42.6 Million in First Quarter 2015

New Home Orders increase Over 200% to 254 in First Quarter 2015

Homebuilding Gross Margin Improves Sequentially to 16.5% in First Quarter 2015

SAN JOSE, Calif.--(BUSINESS WIRE)-- UCP, Inc. (NYSE: UCP) today announced its results of operations for the three months ended March 31, 2015.

First Quarter 2015 Highlights Compared to First Quarter 2014

Total consolidated revenue grew 69.9% to $43.5 million Revenue from homebuilding operations increased 67.6% to $42.6 million New homes deliveries grew 134.6% to 122 units... More

PICO Holdings, Inc. Announces Results for the First Quarter of 2015

May 11, 2015 6:30 AM EDT

LA JOLLA, Calif., May 11, 2015 (GLOBE NEWSWIRE) -- PICO Holdings, Inc. (Nasdaq: PICO) reported shareholders' equity of $409.4 million ($17.80 per share) at March 31, 2015, compared to $425.5 million ($18.50 per share) at December 31, 2014. Reported book value per share decreased by $0.70 during the first quarter of 2015.

First Quarter Segment Results of Operations

For the first quarter of 2015, we reported a net loss of $16.8 million ($0.73 per share), compared to a net loss of $13.2 million ($0.58 per share) in the first quarter of 2014. Our first quarter segment results of operations are as follows (in thousands):

  Three Months Ended... More

PICO Holdings, Inc. Announces Results for the First Quarter of 2015

May 11, 2015 6:30 AM EDT

LA JOLLA, Calif., May 11, 2015 (GLOBE NEWSWIRE) -- PICO Holdings, Inc. (Nasdaq: PICO) reported shareholders' equity of $409.4 million ($17.80 per share) at March 31, 2015, compared to $425.5 million ($18.50 per share) at December 31, 2014. Reported book value per share decreased by $0.70 during the first quarter of 2015.

First Quarter Segment Results of Operations

For the first quarter of 2015, we reported a net loss of $16.8 million ($0.73 per share), compared to a net loss of $13.2 million ($0.58 per share) in the first quarter of 2014. Our first quarter segment results of operations are as follows (in thousands):

  Three Months Ended... More