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