- Record first quarter net income of $29.3 million - Earnings per share of $1.20 vs. $ .85 a year ago, a 41% increase - Highest first quarter revenues and home closings in Company history - Record quarterly home orders and quarter-end backlog - Homebuilding operating profits of $53.9 million, up 19% - Home gross margins of 23.3%, a 220 basis point increase - Debt to capital ratio of .35 - Interest coverage of 9.9
M.D.C. Holdings, Inc. (www.RichmondAmerican.com) today announced net income for the three months ended March 31, 2001 of $29.3 million, or $1.20 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
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.
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