M.D.C. Holdings (MDC) Tops Q3 EPS by 27c
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M.D.C. Holdings Announces Third Quarter 2020 Results, Dividend Increase, And Management Promotions
October 29, 2020 6:00 AM EDTDENVER, Oct. 29, 2020 /PRNewswire/ --Â M.D.C Holdings, Inc. (NYSE: MDC), one of the nation's leading homebuilders, announced results for the quarter ended September 30, 2020.
Larry A. Mizel, MDC's newly appointed Executive Chairman, stated, "MDC posted another quarter of significant top and bottom line growth in the third quarter of 2020. Home sales revenue grew 33% year-over-year, while net income rose at nearly three times that rate thanks to the operational leverage we were able to achieve in the quarter. Both our home sale gross margin and our SG&A leverage... More
