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Mar 31, 2020
Century Communities Q1 2020 Earnings Report
Century Communities reported record first quarter results driven by a robust demand environment that decelerated due to the COVID-19 pandemic.
Key Takeaways
Century Communities reported record first quarter results with total revenues increasing to $602.6 million. Net income increased 53% to $26.1 million, or $0.78 per diluted share. The company withdrew its full year 2020 outlook due to the uncertainty of the COVID-19 pandemic.
Total revenues increased to a record $602.6 million.
Net new home contracts increased 29% to a company record of 2,388 homes.
Home deliveries grew to a record 1,864 homes, a 12% increase.
Adjusted net income increased 45% to $26.7 million or $0.80 per diluted share and net income increased 53% to $26.1 million or $0.78 per diluted share
Revenue by Segment
Forward Guidance
Due to the lack of visibility on the overall economic impact of COVID-19, and the related effects on homebuyer demand, Century Communities withdrew its previously communicated full year financial outlook for 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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