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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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