earnings
confidence high
sentiment neutral
materiality 0.70
Century Communities posts record FY2022 net income $525.1M; guides 2023 deliveries 7,000-8,000
Century Communities, Inc.
2022-FY EPS reported
$15.92
revenue$4,505,916,000
- Net income of $79.5M ($2.47 diluted EPS) in Q4; full year record net income $525.1M ($15.92 diluted EPS).
- Record home sales revenues of $1.2B in Q4 and $4.4B for FY2022; deliveries of 2,903 and 10,594 homes.
- Book value per share rose to $67.67; net homebuilding debt to net capital improved to 23.5%, a record low.
- Adjusted homebuilding gross margin (excl. impairment & interest) was 19.8% in Q4 vs 26.0% for FY2022.
- Guidance for FY2023: deliveries 7,000-8,000 homes; home sales revenues $2.6B-$3.1B; quarterly dividend maintained at $0.20/share.