M.D.C. Holdings (MDC) Misses Q4 EPS by 6c
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M.D.C. Holdings Announces 2015 Full Year And Fourth Quarter Results
February 3, 2016 6:01 AM ESTDENVER, Feb. 3, 2016 /PRNewswire/ --Â M.D.C. Holdings, Inc. (NYSE: MDC) announced results for the year and fourth quarter ended December 31, 2015.
2015 Fourth Quarter Highlights and Comparisons to 2014 Fourth Quarter
Net income of $22.6 million, or $0.46 per share vs. $14.6 million or $0.30 per share Pretax income of $32.6 million vs. $23.9 million Home sale revenues of $554.4 million, up 12% from $493.1 million Gross margin from home sales down 20 basis points to 16.1% vs. 16.3% Excluding inventory impairments*, gross margin from home sales increased 60 basis points... More