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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.
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
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