M.D.C. Holdings, Inc. , today announced that it has achieved a ranking of 437 on the 2006 FORTUNE 500 list of America's largest companies compiled by FORTUNE magazine. Companies on the list are selected and ranked based on total revenue for the prior year. MDC improved 29 spots from last year's ranking, largely based on its 22% year-over-year revenue growth in 2005. In addition, the Company ranked 8th in total return to shareholders for a ten-year period, 14th in ten-year growth in profits and 280th in total profits in 2005.
"We are honored to be recognized among America's largest and most profitable companies after our 10th consecutive year of earnings growth," said Larry A. Mizel, MDC's chairman and chief executive officer. "Our results demonstrate our ability to leverage a conservative capital structure and disciplined operating strategy to succeed in a variety of market conditions. We believe these principles, combined with a focus on building high quality homes and providing superior customer service, are a solid foundation for generating strong returns that enhance long-term value for our shareowners."
MDC is one of 12 publicly traded homebuilding companies on FORTUNE's list.
Among all industries represented in the FORTUNE 500, the homebuilding industry ranked #1 in five and ten-year returns to shareholders for the second consecutive year.
MDC, whose subsidiaries build homes under the name "Richmond American Homes," is one of the largest homebuilders in the United States. The Company also provides mortgage financing, primarily for MDC's homebuyers, through its wholly owned subsidiary, HomeAmerican Mortgage Corporation. MDC is a major regional homebuilder with a significant presence in some of the country's best housing markets. The Company ranks among the top five homebuilders in Colorado, Northern Virginia, suburban Maryland, Phoenix, Tucson, Las Vegas, Jacksonville and Salt Lake City; and among the top ten homebuilders in Northern California and Southern California. MDC also has established operating divisions in West Florida, Delaware Valley, Chicago, Dallas/Fort Worth and Houston. For more information about our Company, please visit RichmondAmerican.com.
SOURCE: M.D.C. Holdings, Inc.
CONTACT: Paris G. Reece III, Chief Financial Officer, +1-303-804-7706, firstname.lastname@example.org, or Robert N. Martin, Investor Relations, +1-720-977-3431, email@example.com, or Alison Schuller, Corporate Communications,
+1-720-977-3554, firstname.lastname@example.org, all of M.D.C. Holdings, Inc.
The Richmond American Homes companies (RAH), HomeAmerican Mortgage Corporation (HMC), American Home Insurance
Agency (also known as AHI Insurance Agency) (AHI) and American Home Title and Escrow Company (AHT) are
owned, directly or indirectly, by M.D.C. Holdings, Inc. and, therefore, are affiliated companies. Each of
RAH, HMC, AHI and AHT offers services independently of each other, and if you obtain a product or service
from one company, you are not required to utilize the services of, or obtain products from, the other
company. Your decision to use a company that is not affiliated with RAH, HMC, AHI or AHT will not affect
your ability to obtain products and services from these companies. See licensing information.
Certain statements on the Site, including statements regarding the MDC Companies' business, financial condition,
results of operation, cash flows, strategies and prospects, constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be
identified by terminology such as "likely," "may," "will," "should," "expects," "plans," "anticipates,"
"believes," "estimates," "predicts," "potential" or "continue," or the negative of such terms and other
comparable terminology. Such forward-looking statements involve known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or achievements of the MDC Companies to be materially
different from any future results, performance or achievements expressed or implied by the forward-looking
statements. Additional information about the risks and uncertainties applicable to the MDC Companies' business
is contained in MDC's filings with the Securities and Exchange Commission, including MDC's Annual Reports on
Form 10-K and Quarterly Reports on Form 10-Q. The MDC Companies undertake no duty to update publicly any
forward-looking statements, whether as a result of new information, future events or otherwise. However, any
further disclosures made on related subjects in MDC's subsequent filings with the Securities and Exchange
Commission, press releases and/or presentations should be considered.