M.D.C. Holdings (MDC) Tops Q4 EPS by 15c, Revenues Miss
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M.D.C. Holdings Announces 2019 Fourth Quarter And Full Year Results
January 30, 2020 6:00 AM ESTDENVER, Jan. 30, 2020 /PRNewswire/ --Â M.D.C. Holdings, Inc. (NYSE: MDC), one of the nation's leading homebuilders, announced results for the quarter and full year ended December 31, 2019.
Larry A. Mizel, MDC's Chairman and Chief Executive Officer, stated, "MDC finished the year on a strong note, generating fully diluted earnings per share of $1.42 in the fourth quarter, a 61% increase as compared to last year. We also achieved year-over-year improvements in our homebuilding gross margin and SG&A leverage, resulting in homebuilding operating margin expansion of 150 basis points. The sales... More
