MDC Holdings Inc. (MDC) 2005年年度报告「NYSE」.pdf

1、M.D.C.HOLDINGS,INC.M.D.C.H OLDINGS,INC./RICHMOND AMERICAN HOMES ANNUAL REP O R T 2 0 0 5B U I L DI NG S U C C ES S FRO M TH E G RO U ND U P The mission of MDC is to build and finance the highest quality homes at affordable prices,designed to meet our customers needs.Our objectives are to create home

2、owner satisfaction and lasting value for our customers,increase returns for our shareowners and provide a rewarding work environment for our employees that encourages the pursuit of excellence,personal growth,teamwork and support of the communities in which we live.MISSION STATEMENTA SOLID FOUNDATIO

3、NESTABLISHED IN EXCELLENCEDuring the past decade,M.D.C.Holdings,Inc.has emerged as one of the top-performing U.S.homebuilders,while averaging year-over-year earnings increases of more than 40%.As one of only seven companies in the homebuilding industry with investment grade ratings from all three ma

4、jor credit rating agencies,MDC strategically allocates these earnings to grow and diversify the business,improve the capital structure and reward shareowners.The outstanding results of this strategy are evident,as MDCs stock price has risen by more than 1,500%over this ten-year period.MDCs record pe

5、rformance can be attributed to our senior management team,which has built MDC from the ground up.With control of over 25%of MDCs stock,the interests of our top three executives are aligned solidly with those of our shareowners.With over 80 years of combined experience at MDC,they have the knowledge

6、and expertise to proactively manage the Company under changing market conditions.Our division presidents are equipped to respond to changing environments as well,with an average of nearly 20 years of industry experience.Today,MDC is a performance leader in the highly successful homebuilding industry