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Mar 31, 2021
Century Communities Q1 2021 Earnings Report
Reported record results in Q1 2021 with net income increasing by 289% and total revenues increasing by 67%.
Key Takeaways
Century Communities reported record first quarter results, with net income increasing by 289% to $101.7 million and total revenues increasing by 67% to $1.0 billion. The company also saw a 50% increase in home deliveries and a 45% increase in net new home contracts.
Net income increased 289% to a company record $101.7 million or $3.00 per diluted share.
Total revenues increased 67% to a company record $1.0 billion.
Home deliveries increased 50% to a first quarter record of 2,797 homes.
Net new home contracts increased 45% to a company record 3,455 homes.
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
Century Communities increased its full year revenue guidance to be in the range of $3.7 billion to $4.0 billion and home deliveries to be in the range of 10,750 to 11,750.
Positive Outlook
- Improved sales
- Increased deliveries
- Home price appreciation
- Revenue guidance increased to $3.7 - $4.0 billion
- Home deliveries guidance increased to 10,750 - 11,750
Revenue & Expenses
Visualization of income flow from segment revenue to net income