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Jun 30, 2023
Century Communities Q2 2023 Earnings Report
Century Communities' Q2 2023 financial performance was marked by sequential growth in key areas
Key Takeaways
Century Communities reported a net income of $51.4 million, or $1.60 per diluted share, with total revenues of $844.2 million. The company saw sequential increases in net new home contracts, deliveries, and gross margins. Increased full year guidance for home deliveries to be in the range of 8,300 to 9,000 homes and home sales revenues to be in the range of $3.1 billion to $3.4 billion.
Net income reached $51.4 million, translating to $1.60 per diluted share.
Total revenues amounted to $844.2 million, reflecting a 12% sequential increase.
Home deliveries increased to 2,235 homes, marking a 17% sequential increase.
Net new home contracts rose to 2,317, representing a 15% sequential increase.
Century Communities
Century Communities
Century Communities Revenue by Segment
Revenue by Segment
Home Sales Revenue
CapyFin.comFinancial Services Revenue
CapyFin.com Forward Guidance
The company increased full year 2023 guidance for home deliveries to be in the range of 8,300 to 9,000 homes and home sales revenues to be in the range of $3.1 billion to $3.4 billion