earnings
confidence high
sentiment negative
materiality 0.85
Century Communities reports record Q3 net income $144.5M, cuts FY2022 delivery guidance
Century Communities, Inc.
2022-Q3 EPS reported
$13.41
revenue$3,326,782,000
- Diluted EPS $4.44 (record), up 27% YoY; total revenues $1.1B, up 19%.
- Deliveries 2,630 homes (+13% YoY, record); net new contracts 1,318, down 52% from 2,742.
- Adjusted homebuilding gross margin 26.0% vs 27.2% YoY; SG&A 9.9% of sales.
- Backlog 3,455 homes valued at $1.4B; selling communities 217 (+17% YoY).
- FY2022 guidance reduced: deliveries 10,000-10,500, revenues $4.2-4.4B; year-end communities below 240-250.