M.D.C. Holdings, Inc. (MDC) Tops Q1 EPS by 9c, Revenues Beat
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M.D.C. Holdings Announces First Quarter 2021 Results
April 29, 2021 6:00 AM EDTDENVER, April 29, 2021 /PRNewswire/ -- M.D.C Holdings, Inc. (NYSE: MDC), one of the nation's leading homebuilders, announced results for the quarter ended March 31, 2021.
Larry A. Mizel, MDC's Executive Chairman, stated, "MDC delivered another quarter of strong profitability, generating net income of $111 million, or $1.51 per diluted share. Home sale revenues grew 49% year-over-year on a 41% increase in closings and 6% rise in average selling prices. We continue to see heightened demand for our homes, as evidenced by the 34% year-over-year increase to unit orders for the quarter. The only... More
