Century Communities Q1 net income up 93% YoY to $64.3M; dividend raised 13%

Century Communities, Inc.

2024-Q1 EPS reported $2.00 revenue$948,543,000

Diluted EPS of $2.00 ($2.22 adjusted); net income $64.3M, up 93% YoY; adjusted net income up 114%.
Home sales revenues $922.4M (+25% YoY); deliveries 2,358 homes (+23% YoY).
Adjusted homebuilding gross margin 22.8%; net new contracts 2,866 (+42% YoY).
Quarterly dividend increased 13% to $0.26/share; repurchased 186,887 shares for $16.1M.
FY2024 delivery guidance 10,000-11,000 homes; home sales revenues $3.8-4.2B.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Century Communities, Inc. reported the three months ended March 31, 2024 results: revenue $948.5 million, net income $64.3 million, EPS $2.00 per diluted share.

Period: the three months ended March 31, 2024
Revenue: $948.5 million
Net income: $64.3 million
EPS: $2.00 per diluted share
Result: reported results

Exact text from the filing

per diluted share · Adjusted net income of $71.4 million, or $2.22 per diluted share · Pre-tax income of $84.3 million · Adjusted EBITDA of $109.6 million · Total revenues of $948.5 million · Deliveries of 2,358 homes · Net new home contracts of 2,866 · Homebuilding gross margin of 21.3% · Adjusted homebuilding gross margin of 22.8% · Completed the acquisition of

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Source: SEC EDGAR

accession 0001576940-24-000035

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