"Year-to-date, our homebuilding contribution margin is up almostnine percentage points from the same period one year ago, and thatillustrates the success we are achieving in positioning WCI as aluxury builder," Jerry Starkey, WCI president, says in a preparedstatement.

"Combined homebuilding margins--traditional and towers--were32.4% for the nine-month period, compared with 23.5% at the sametime last year," Starkey says. Homebuilding contribution margin forthe entire year ended Dec. 31, 2000, was 31.2%.

Announcement of the earnings performance comes just more than aweek after the company advised shareholders that it probably wouldfall short of a forecasted increase of 10% to 15% in EBITDA.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.