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Jun 30, 2021
Century Communities Q2 2021 Earnings Report
Century Communities achieved record results driven by strong demand and operational excellence.
Key Takeaways
Century Communities reported record second-quarter results, with net income increasing by 207% to $117.9 million and home sales revenues rising by 34% to $1.0 billion. The company's focus on move-in-ready homes and strategic investments in growth initiatives contributed to margin expansion and a strong backlog.
Net income increased 207% to a company record of $117.9 million, or $3.47 per diluted share.
Home sales revenues increased 34% to a company record of $1.0 billion.
Net new home contracts increased 17% to a second quarter record of 3,120 homes.
Homes in backlog improved to 4,446 homes with a value of $1.8 billion, both company records.
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 is increasing its full year revenue guidance to be in the range of $3.8 billion to $4.1 billion and reiterating full year expectations for home deliveries to be in the range of 10,750 to 11,750.
Positive Outlook
- Improved home price appreciation throughout the first six months of 2021.
- Confident in continued success in 2021.
- Full year revenue guidance increased to $3.8 billion to $4.1 billion.
- Full year home deliveries expected to be in the range of 10,750 to 11,750.
- Strong operating and financial progress to date.
Revenue & Expenses
Visualization of income flow from segment revenue to net income