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Dec 31, 2021
Century Communities Q4 2021 Earnings Report
Reported record fourth quarter and full year results driven by home deliveries and sales price appreciation.
Key Takeaways
Century Communities reported record fourth quarter results, with net income increasing 80% to $165.0 million, or $4.78 per diluted share. Home sales revenues increased 22% to $1.2 billion, and deliveries grew to a record 2,915 homes.
Net income increased 80% to a Company record $165.0 million or $4.78 per diluted share
Deliveries grew to a Company record 2,915 homes from 2,826 homes
Home sales revenues increased 22% to a Company record $1.2 billion
Homebuilding gross margin increased to 25.9% from 20.8%, a 510 basis point increase
Revenue by Segment
Forward Guidance
The company anticipates continued strong momentum into the new year, with expectations for home deliveries to be in the range of 11,500 to 12,500 homes and home sales revenues to be in the range of $4.3 billion to $4.9 billion. The company expects between 240 and 250 selling communities at year end.
Positive Outlook
- Strength of business
- Health of the housing market
- Strong momentum will continue into the new year
- Home deliveries to be in the range of 11,500 to 12,500 homes
- Home sales revenues to be in the range of $4.3 billion to $4.9 billion
Challenges Ahead
- Adverse changes in general economic conditions
- Potential impact of COVID-19 on the Company’s business
- Industry and broader economy
- The ability to identify and acquire desirable land
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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