CalAtlantic Group hit by storms, faulty joists, sees earnings slip

Deliveries, orders down on eve of merger with Lennar

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CalAtlantic Group, Arlington Va. (NYSE:CAA) issued what is likely its last earnings report as a standalone entity late Wednesday with third quarter earnings coming in at $93.4 million, or $0.75 per diluted share, compared with net income of $132.3 million, or $0.97 per diluted share, in the prior-year quarter. It was an earnings miss; analysts were expecting a gain of $0.80 per share.

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November 2017
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