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Jun 30, 2022
Century Communities Q2 2022 Earnings Report
Reported record earnings per share and pre-tax income while maintaining record return on equity.
Key Takeaways
Century Communities reported record second-quarter results, with net income increasing by 35% to $158.7 million and earnings per diluted share reaching $4.78. The company's return on equity was 33.7%, and total revenues increased to a second-quarter record of $1.2 billion.
Net income increased 35% to $158.7 million, or $4.78 per diluted share, both second quarter records.
Pre-tax income improved 40% to a Company record $213.6 million.
Total revenues increased to a second quarter record $1.2 billion.
Return on equity improved by 610 basis points to 33.7%, equaling a Company record.
Revenue by Segment
Forward Guidance
Given the industry-wide slowdown in current activity, the company is reducing its full-year home delivery guidance to 10,750 to 11,750 homes. They are reaffirming full year home sales revenues to be in the range of $4.3 billion to $4.9 billion, and depending on market conditions, they expect year end selling communities to be in the range of 240 to 250.
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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