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Sep 30, 2020
Century Communities Q3 2020 Earnings Report
Reported record results driven by strong demand and strategic initiatives.
Key Takeaways
Century Communities reported record third-quarter results, with net income increasing by 84% to $49.8 million, revenues increasing by 35% to $794.4 million, and EBITDA increasing by 65% to $87.0 million.
Net income increased 84% to a third quarter record $49.8 million or $1.48 per diluted share.
Home sales revenues increased 32% to a third quarter record $760.2 million.
Net new home contracts increased 57% to a Company record 3,204 homes.
EBITDA increased 65% to a Company record $87.0 million.
Revenue by Segment
Forward Guidance
The company provided full year guidance of deliveries in the range of 9,300 to 9,600 and homes sales revenues in the range of $2.8 billion to $3.0 billion.
Positive Outlook
- Deliveries in the range of 9,300 to 9,600
- Homes sales revenues in the range of $2.8 billion to $3.0 billion
- Strength of our business model
- Sustained new home demand across our markets
- Extremely pleased with our third quarter performance
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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