WCI Communities (WCIC) Tops Q1 EPS by 8c

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Go back to WCI Communities (WCIC) Tops Q1 EPS by 8c

WCI Communities Announces 2016 First Quarter Results

April 27, 2016 6:55 AM EDT

BONITA SPRINGS, Fla., April 27, 2016 /PRNewswire/ -- WCI Communities, Inc. (NYSE: WCIC), a lifestyle community developer and luxury homebuilder, today announced results for the first quarter ended March 31, 2016.

First Quarter 2016 Highlights and Selected Comparisons to First Quarter 2015

Deliveries of 254, up 84.1% Homebuilding revenues of $109.8 million, up 63.9% Selling, general and administrative ("SG&A") expenses as a percent of Homebuilding revenues improved by 350 basis points Adjusted EBITDA of $15.2 million, up 52.0% Income from operations before income taxes of $10.6 million, up 53.6% Net income attributable to common... More