WCI Communities (WCIC) Tops Q2 EPS by 5c

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WCI Communities Announces 2016 Second Quarter Results

July 27, 2016 6:55 AM EDT

BONITA SPRINGS, Fla., July 27, 2016 /PRNewswire/ -- WCI Communities, Inc. (NYSE: WCIC), a lifestyle community developer and luxury homebuilder, today announced results for the second quarter ended June 30, 2016.

Second Quarter 2016 Results and Selected Comparisons to Second Quarter 2015

Deliveries of 307, up 26.3% Homebuilding revenues of $132.0 million, up 14.2% Net income attributable to common shareholders of $9.4 million Earnings per diluted share of $0.35 Debt to capital of 34.2% Net debt to net capitalization of 25.7% Average selling price per new order of $454,000, up 5.8% Contract value of new orders of... More