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Sep 30, 2021
Century Communities Q3 2021 Earnings Report
Achieved record results driven by strong demand and effective cost management.
Key Takeaways
Century Communities reported record third-quarter results, including a 21% increase in revenues to $958.0 million and a 129% increase in net income to $114.0 million, driven by strong demand for affordable new homes and effective management of operational costs.
Revenues reached a record $958 million, a 21% increase year-over-year.
Net income increased by 129% to $114.0 million, or $3.31 per diluted share.
Homebuilding gross margin improved to 25.7%, an 820 basis point increase from the prior year.
The Company secured nearly 10,000 net new lots, increasing the total lot supply to a Company-record 75,537 lots.
Century Communities
Century Communities
Century Communities Revenue by Segment
Revenue by Segment
Home Sales Revenue
CapyFin.comFinancial Services Revenue
CapyFin.com Forward Guidance
Century Communities provided full year 2021 revenue guidance to be in the range of $3.9 billion to $4.1 billion and home deliveries to be in the range of 10,750 to 11,500.
Revenue & Expenses
Visualization of income flow from segment revenue to net income