Brief: M.D.C. Holdings Announces Third Quarter 2022 Results

MDC Holdings

27/10/2022 11:21

Oct 27 (Reuters) - Mdc Holdings Inc  MDC.N :
    * M.D.C. HOLDINGS ANNOUNCES THIRD QUARTER 2022 RESULTS
    * Q3 EARNINGS PER SHARE $1.98
    * QTRLY HOME SALE REVENUES INCREASED 12% TO $1.41 BILLION
FROM
$1.26 BILLION
    * QTRLY DOLLAR VALUE OF NET NEW ORDERS DECREASED 88% TO
$152.8
MILLION FROM $1.31 BILLION
    * QTRLY AVERAGE SELLING PRICE OF DELIVERIES UP 13% TO
$590,000
    * QTRLY DOLLAR VALUE OF ENDING BACKLOG DOWN 25% TO $3.20
BILLION
FROM $4.24 BILLION
    * SEES PROJECTED HOME DELIVERIES FOR 2022 Q4 BETWEEN 2,200
AND
2,500
    * SEES PROJECTED AVERAGE SELLING PRICE FOR 2022 Q4 UNIT
DELIVERIES
BETWEEN $570,000 AND $580,000
    * INTEREST RATE VOLATILITY AND OVERALL ECONOMIC UNCERTAINTY
TOOK A
TOLL ON SALES EFFORTS IN Q3
    * Q3 EARNINGS PER SHARE VIEW $2.25, REVENUE VIEW $1.41
BILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nPn3QqRmda 
Further company coverage:  MDC.N 
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