CalAtlantic Group, Inc. is a diversified builder of single-family attached and detached homes. The Company operates through two segments: homebuilding and financial services.
The homebuilding segment operations include acquiring and developing land, and constructing and selling single-family attached and detached homes. The Financial Services segment includes mortgage financing operation, which provides mortgage financing to its homebuyers in the markets, in which it operates, and sells all of the loans it originates in the secondary mortgage market. As of December 31, 2016, the Company built homes in communities that meet the desires of customers across the homebuilding spectrum, from entry level to luxury, in over 40 metropolitan statistical areas spanning 17 states and the District of Columbia. The Company also provides mortgage, title and escrow services. The Company provides mortgage loans to its homebuyers through its mortgage financing subsidiary, CalAtlantic Mortgage.
August 14, 1991
Scott StowellExecutive Chairman of the Board
Lawrence NicholsonPresident, Chief Executive Officer, Director
Jeffrey McCallChief Financial Officer, Executive Vice President
Peter SkellyChief Operating Officer, Executive Vice President
Wendy MarlettChief Marketing Officer, Executive Vice President
John BabelExecutive Vice President, General Counsel, Secretary
Net income declined by 9.60%, year over year, to (U.S.)$0.75 per share during the most recently completed quarter. However, this was among the strongest results reported by any company in this industry.