* Record first quarter net income of $37.0 million, a 15% increase * Earnings per share of $1.36 vs. $1.16 a year ago * Highest first quarter homebuilding revenues and operating profits in Company history * Record home closings, home orders and quarter-end backlog * Home gross margins of 22.8%, 23.7% before interest * Net debt-to-capital ratio of .30
M.D.C. Holdings, Inc. ( www.RichmondAmerican.com ) today announced net income for the three months ended March 31, 2003 of $37.0 million, or $1.36 per share, the highest first quarter net income...
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
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your ability to obtain products and services from these companies. See licensing information.
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