M.D.C. Holdings (MDC) Misses Q4 EPS by 20c, Revenues Beat

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M.D.C. Holdings Announces 2018 Fourth Quarter And Full Year Results

January 31, 2019 6:00 AM EST

DENVER, Jan. 31, 2019 /PRNewswire/ -- M.D.C Holdings, Inc. (NYSE: MDC) announced results for the quarter and full year ended December 31, 2018.

Larry A. Mizel, MDC's Chairman and Chief Executive Officer, stated, "2018 was a banner year for MDC as home sales revenues increased 19%, home sales gross margins expanded 170 basis points, and pretax income rose to its highest level in over a decade.  In addition, we ended the year in excellent financial condition, with a homebuilding debt to capital ratio of 39% and enhanced liquidity following the increase of our homebuilding line of credit... More