Loading...
•
Dec 31, 2024
Century Communities Q4 2024 Earnings Report
Century Communities reported Q4 2024 results with increased net income and total revenues, driven by record quarterly deliveries.
Key Takeaways
Century Communities reported a strong fourth quarter in 2024, achieving record quarterly revenues and deliveries. Net income and adjusted net income increased year-over-year. The company also increased the capacity of its senior unsecured credit facility.
Net income increased 13% year-over-year to $102.7 million, or $3.20 per diluted share.
Adjusted net income increased 18% year-over-year to $112.0 million, or $3.49 per diluted share.
Total revenues reached $1.3 billion, marking a quarterly record.
Deliveries totaled 3,198 homes, also a quarterly record for the Company.
Century Communities
Century Communities
Forward Guidance
Century Communities anticipates continued growth in 2025, projecting home deliveries to be in the range of 11,700 to 12,400 homes and home sales revenues to be in the range of $4.5 to $4.8 billion.
Positive Outlook
- Expect full year 2025 home deliveries to be in the range of 11,700 to 12,400 homes.
- Expect full year 2025 home sales revenues to be in the range of $4.5 to $4.8 billion.
- Growth in lot count and community count in 2024.
- Capacity of senior unsecured credit facility increased to $900.0 million.
- Extended maturity of senior unsecured credit facility to November 2028.
Challenges Ahead
- Adverse changes in general economic conditions, including increased interest rates, inflation, and employment levels
- Potential impact of global supply chain disruptions, labor, land and raw material or other resource shortages and delays, and municipal and utility delays on the Company’s business
- Ability to identify and acquire desirable land
- Availability and cost of financing
- Reliance on contractors and key personnel