M.D.C. Holdings (MDC) Tops Q1 EPS by 15c
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M.D.C. Holdings Announces 2018 First Quarter Results
May 3, 2018 6:00 AM EDTDENVER, May 3, 2018 /PRNewswire/ --Â M.D.C. Holdings, Inc. (NYSE: MDC) announced results for the first quarter ended March 31, 2018.
Larry A. Mizel, MDC's Chairman and Chief Executive Officer, stated, "We are pleased with our 2018 first quarter results, highlighted by a 74% year-over-year increase in net income. Our quarter benefited from solid top-line growth, a significant expansion of our gross margin percentage and a much lower effective tax rate. At the same time, our 2018 spring selling season kicked off with our strongest first quarter net order absorption rate since 2006. We... More
