M.D.C. Holdings (MDC) Tops Q4 EPS by 11c
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M.D.C. Holdings Announces 2016 Fourth Quarter And Full Year Results
February 1, 2017 6:00 AM ESTDENVER, Feb. 1, 2017 /PRNewswire/ --Â M.D.C. Holdings, Inc. (NYSE: MDC) announced results for the fourth quarter and full year ended December 31, 2016.
2016 Fourth Quarter Highlights and Comparisons to 2015 Fourth Quarter
Net income up 79% to $40.4 million, or $0.78 per diluted share*, from $22.6 million or $0.44 per diluted share* Home sale revenues up 29% to $715.8 million from $554.4 million Selling, general and administrative expenses as a percentage of home sale revenues ("SG&A rate") improved 200 basis points from 11.5% to 9.5% Dollar value of net new orders up 5% to $473.4 million from $450.5 million... More