M.D.C. Holdings (MDC) Tops Q1 EPS by 3c
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M.D.C. Holdings Announces 2019 First Quarter Results
April 30, 2019 4:07 PM EDTDENVER, April 30, 2019 /PRNewswire/ --Â M.D.C. Holdings, Inc. (NYSE: MDC), one of the nation's leading homebuilders, announced results for the quarter ended March 31, 2019.
Larry A. Mizel, MDC's Chairman and Chief Executive Officer, stated, "MDC generated another strong quarter of profitability to start 2019, with net income of $40.6 million, or $0.64 cents per diluted share. Home sales revenues grew 7% year-over-year on a similar increase in new home deliveries, even though the number of homes in backlog to start the year was 7% lower than a year ago. Additionally, homebuilding gross margins expanded... More
