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Mar 31, 2022
Century Communities Q1 2022 Earnings Report
Reported record results for the first quarter of 2022, driven by strategic operational initiatives and strong demand.
Key Takeaways
Century Communities reported record first quarter 2022 results, with net income increasing 40% to $142.5 million and earnings per diluted share of $4.20. The company's return on equity improved to a record 33.7%, and the pre-tax income margin reached a company record of 18.6%. Total revenues increased to a first quarter record $1.0 billion.
Net income increased 40% to $142.5 million, or $4.20 per diluted share, both first quarter records.
Pre-tax income improved 44% to a first quarter record $188.8 million.
Total revenues increased to a first quarter record $1.0 billion.
Return on equity improved by 47% to 33.7%, a Company record.
Revenue by Segment
Forward Guidance
Century Communities reaffirms its full year closing guidance of 11,500 to 12,500 homes, home sales revenues to be in the range of $4.3 billion to $4.9 billion and year end selling communities to be in the range of 240 to 250.
Positive Outlook
- Reaffirms full year closing guidance of 11,500 to 12,500 homes.
- Home sales revenues to be in the range of $4.3 billion to $4.9 billion.
- Year end selling communities to be in the range of 240 to 250.
- Record backlog
- Low levels of supply in our markets.
Challenges Ahead
- Potential impact of global supply chain disruptions.
- Labor, land and raw material shortages and delays.
- Inflation.
- Municipal and utility delays.
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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