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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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