CalAtlantic Group (CAA) Tops Q1 EPS by 7c

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Go back to CalAtlantic Group (CAA) Tops Q1 EPS by 7c

CalAtlantic Group, Inc. Reports 2017 First Quarter Results

April 27, 2017 4:15 PM EDT

ARLINGTON, Va., April 27, 2017 /PRNewswire/ -- CalAtlantic Group, Inc. (NYSE: CAA) today announced results for the first quarter ended March 31, 2017.

Larry Nicholson, President and Chief Executive Officer of CalAtlantic Group, Inc. commented, "I'm pleased with our strong start to the new year.  Our first quarter results were solid, with net new orders up 4%, new home deliveries up 10%, and net income up 14%, to $0.62 per diluted share, as compared to the first quarter of 2016.  We saw order growth accelerate through the quarter and we remain well positioned for a strong finish to the spring selling... More