earnings
confidence high
sentiment positive
materiality 0.75
Century Communities Q2 net income record $158.7M; cuts full-year delivery guidance
Century Communities, Inc.
2022-Q2 EPS reported
$8.97
revenue$2,182,492,000
- Record Q2 net income $158.7M ($4.78 diluted EPS), up 35% YoY; revenue $1.2B.
- Homebuilding gross margin 28.2% (adjusted 29.4%), up 430 bps YoY; pre-tax margin 18.3%.
- Deliveries of 2,713 homes (down 2% YoY); net new contracts 2,233 (down 28%).
- Full-year home delivery guidance cut to 10,750-11,750; revenue reaffirmed $4.3B-$4.9B.
- Dividend maintained $0.20/share; repurchased 790,558 shares for $35.9M at avg $45.42.