Loading...
•
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
Century Communities
Century Communities
Century Communities Revenue by Segment
Revenue by Segment
Home Sales Revenue
CapyFin.comLand Sales Revenue
CapyFin.comFinancial Services Revenue
CapyFin.com 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