earnings
confidence high
sentiment positive
materiality 0.85
Century Communities Q1 net income up 40% to $142.5M; record gross margin 28.3%
Century Communities, Inc.
2022-Q1 EPS reported
$4.20
revenue$1,016,350,000
- Net income record $142.5M ($4.20 diluted EPS), +40% YoY; pre-tax income $188.8M (+44%).
- Home sales revenue $988.4M; deliveries 2,348 (down 16% YoY) due to supply chain; ASP $421K.
- Adjusted homebuilding gross margin 29.5% (record); pre-tax income margin 18.6% (record); ROE 33.7% (record).
- Backlog record 5,247 homes valued at $2.2B (+28% and +37% YoY); net new contracts 2,944.
- Dividend raised 33% to $0.20/sh; repurchased 1.0M shares for $62.4M; reaffirms FY guidance 11,500-12,500 closings.