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Dec 31, 2019
Century Communities Q4 2019 Earnings Report
Reported record results with home sales revenues increased and net income per diluted share increased.
Key Takeaways
Century Communities reported record fourth quarter and full year 2019 results. Home sales revenues increased to $775.7 million, net new home contracts increased to 1,775 homes, and home deliveries grew to 2,479 homes for the fourth quarter. Net income increased to $53.4 million, or $1.63 per diluted share.
Net income increased 104% to a record $53.4 million or $1.63 per diluted share.
Home sales revenues increased to a record $775.7 million or 21%.
Home deliveries grew to a record 2,479 homes or 22%.
Net new home contracts increased 45% to a record 1,775 homes.
Revenue by Segment
Forward Guidance
The Company expects to deliver another year of strong performance in 2020. Home deliveries are expected to be in the range of 8,500 to 9,500 homes and home sales revenues to be in the range of $2.6 billion to $3.0 billion.
Positive Outlook
- Continued momentum
- Strong U.S. macroeconomic environment
- Home deliveries to be in the range of 8,500 to 9,500 homes
- Home sales revenues to be in the range of $2.6 billion to $3.0 billion
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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