Century Communities Q2 net income $117.9M, record revenue $1.0B; raises FY2021 revenue guidance to $3.8B-$4.1B

Century Communities, Inc.

2021-Q2 EPS reported $6.47 revenue$2,051,481,000

Net income $117.9M ($3.47 diluted EPS), up 207% YoY; home sales revenue $1.0B (+34%).
Home deliveries 2,771 (+12%); net new contracts 3,120 (+17%); backlog 4,446 homes ($1.8B).
Homebuilding gross margin 23.9% (up 700 bps YoY); adjusted gross margin 25.7%.
Initiated quarterly cash dividend of $0.15/share; expanded credit line to $800M with $200M accordion.
Full-year 2021 revenue guidance raised to $3.8B-$4.1B; deliveries outlook maintained at 10,750-11,750.

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