UCP (UCP) Reports Q2 EPS of $0.09

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UCP Reports Second Quarter 2016 Results

August 1, 2016 6:00 AM EDT

- Net Income Improved to $0.09 Per Share -

- Revenue from Homebuilding Increased 60.3% to $81.4 million -

- Homebuilding Gross Margin Expanded 110 basis points to 18.2% -

- Adjusted Homebuilding Gross Margin Expanded 170 basis points to 20.7% -

- Net New Home Orders Grew 11.2% to 229 -

SAN JOSE, Calif.--(BUSINESS WIRE)-- UCP, Inc. (NYSE: UCP) today announced its results of operations for the three months ended June 30, 2016.

Second Quarter 2016 Highlights Compared to Second Quarter 2015

Net income increased to $1.8 million... More