On Jan. 25, homebuilder MDC Holdings
- Revenues fell by 23% to $1.34 billion.
- MDC reported a net loss of $6.4 million, or $0.14 per share. Asset impairments and write-offs reduced earnings by $1.32.
- The company closed on 3,594 homes at an average selling price of $360,100.
- MDC Holdings has a three-star rating at Motley Fool CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$1,160 |
$1,343 |
$1,740 |
(22.8%) |
|
Net Profit |
-- |
($6) |
$198 |
N/A |
|
EPS |
$1.03 |
($0.14) |
$4.29 |
N/A |
|
Diluted Shares |
-- |
46 |
46 |
0.0% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
18.51% |
49.55% |
(31.04) |
|
Operating Margin |
(1.34%) |
18.14% |
(19.48) |
|
Net Margin |
(0.48%) |
11.35% |
(11.83) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$508 |
$215 |
136.8% |
|
Accounts Rec. |
$144 |
$159 |
(9.4%) |
|
Inventory |
$2,754 |
$2,998 |
(8.1%) |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$171 |
$202 |
(15.2%) |
|
Long-Term Debt |
$997 |
$996 |
0.0% |
Learn the ways of the balance sheet.
Cash Flow Highlights
A full cash flow statement was not provided with the press release.
Find out why Fools always follow the money.
Related Companies:
- D.R. Horton
-
Pulte Homes
(NYSE:PHM) -
Toll Brothers
(NYSE:TOL) - Ryland Homes
-
Lennar
(NYSE:LEN) - Beazer Homes
Related Foolishness:
- Foolish Forecast: MDC Holdings Holding On?
- MDC Is Well-Prepared
- Housing Construction Takes One on the Chin
- When Bubbles Attack!
MDC is a recommendation of Motley Fool Hidden Gems. A 30-day guest pass gives you inside access to see why this builder might just be different than all the others.
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.
At the time of publication, Rich Duprey had no positions in any of the companies mentioned in the article. Fool rules are here.
