earnings
confidence high
sentiment positive
materiality 0.80
Century Communities Q3 net income $83.2M, EPS $2.58; raises full-year delivery guidance
Century Communities, Inc.
2023-Q3 EPS reported
$5.21
revenue$2,486,604,000
- Net income $83.2M ($2.58 diluted EPS); total revenues $889.4M.
- Deliveries of 2,264 homes; net new contracts 2,149; backlog 1,887 homes valued at $707.2M.
- Homebuilding gross margin 24.6%; adjusted gross margin 25.8% (up 480 bps from Q2).
- Record community count 252; book value per share $72.16; total liquidity $1.0B including $245.6M cash.
- Increased full-year 2023 guidance: deliveries 8,600-9,000 homes; home sales revenues $3.2B-$3.4B.