M.D.C. Holdings reports Q4 EPS $1.08, consensus $1.52

Reports Q4 revenue $1.49B, consensus $1.33B. Reports Q4 average selling price of deliveries up 8% to $582,000. Reports Q4 unit deliveries down 4% to 2,554. "MDC generated net income of $562 million for fiscal year 2022, or $7.67 per diluted share, representing one of the most profitable years in our company’s history," said MDC’s Executive Chairman, Larry A. Mizel. "Home sale revenues increased 9% year-over-year helping us generate over $900 million of cash flow from operating activities. We ended the year with a debt to capital ratio of 32.6% and total cash and cash equivalents and marketable securities of $1.28 billion."