UCP (UCP) Tops Q3 EPS by 17c

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PICO Holdings, Inc. Announces Results for the Third Quarter and First Nine Months of 2015

November 9, 2015 9:02 AM EST

LA JOLLA, Calif., Nov. 9, 2015 (GLOBE NEWSWIRE) -- PICO Holdings, Inc. (NASDAQ: PICO) reported shareholders' equity of $347.2 million ($15.08 per share) at September 30, 2015, compared to $425.5 million ($18.50 per share) at December 31, 2014. Reported book value per share decreased by $3.42 during the first nine months of 2015.

Third Quarter Segment Results of Operations

For the third quarter of 2015, we reported a net loss of $14.1 million ($0.61 per share), compared to a net loss of $9.9 million ($0.44 per share) in the third quarter of 2014. Our third quarter segment results of operations are as follows (in thousands):

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UCP Reports Third Quarter 2015 Results

November 9, 2015 7:01 AM EST

- Reports Earnings of $0.20 Per Share in Third Quarter 2015 -

- Backlog Units More than Double to 288 Homes in Third Quarter 2015 -

- Adjusted Homebuilding Gross Margin Improves 460 basis points to 21.1% in Third Quarter 2015 -

SAN JOSE, Calif.--(BUSINESS WIRE)-- UCP, Inc. (NYSE: UCP) today announced its results of operations for the three months ended September 30, 2015.

Third Quarter 2015 Highlights Compared to Third Quarter 2014

Revenue from homebuilding operations increased 100% to $70.3 million New homes deliveries grew 82% to 202 units... More