NYSE$CCS

Century Communities Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported record results with home sales revenues increased and net income per diluted share increased.

Century Communities reported record fourth quarter and full year 2019 results. Home sales revenues increased to $775.7 million, net new home contracts increased to 1,775 homes, and home deliveries grew to 2,479 homes for the fourth quarter. Net income increased to $53.4 million, or $1.63 per diluted share.

  • Net income increased 104% to a record $53.4 million or $1.63 per diluted share.
  • Home sales revenues increased to a record $775.7 million or 21%.
  • Home deliveries grew to a record 2,479 homes or 22%.
  • Net new home contracts increased 45% to a record 1,775 homes.

Headline financials

Total Revenue

$793M

Previous: $652M+21.6%
EPS (adj)

$1.50

Previous: $1.11+35.1%
Total Residential Units Delivered

2.5K

Previous: 2.0K+22.2%
Net New Home Contracts

1.8K

Previous: 1.2K+45.4%
SG&A as % of Home Sales Revenues

10.9%

Previous: 11.4%-4.4%
Capital Expenditures

$4.48M

Previous: $3.91M+14.7%
Free Cash Flow

$75.7M

Previous: $17.5M+332.2%
Net Income

$53.4M

Previous: $26.2M+103.9%
Operating Income

$54M

No prior period
Gross Profit

$148M

Previous: $109M+35.4%
Cash & Equivalents

$55.4M

Previous: $32.9M+68.5%
Total Assets

$2.5B

Previous: $2.25B+10.9%
Stock-Based Comp

$3.93M

Previous: $3.61M+8.8%

Revenue & EPS history

Century Communities · Revenue · Quarterly

$793M

Q4 2019+21.6%vs Q4 2018
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Century Communities · $16.9M total across 2 segments · Q4 2019

  • Financial Services Revenues
    $14.5M
  • Land Sales and Other Revenues
    $2.35M

Forward guidance

The Company expects to deliver another year of strong performance in 2020. Home deliveries are expected to be in the range of 8,500 to 9,500 homes and home sales revenues to be in the range of $2.6 billion to $3.0 billion.

Tailwinds

  • Continued momentum
  • Strong U.S. macroeconomic environment
  • Home deliveries to be in the range of 8,500 to 9,500 homes
  • Home sales revenues to be in the range of $2.6 billion to $3.0 billion

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+2.0%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+2.9%

Avg return

30 days after

65%

31 / 48 earnings

Positive

+20.9%

Q4 2020

Best reaction

-9.8%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-7.7%-7.4%-18.6%
Q4 2025-0.2%+2.6%+5.1%
Q3 2025+7.2%+5.0%+0.5%
Q2 2025+0.2%-2.6%+3.2%
Q1 2025-6.1%-10.3%-11.7%
Q4 2024+4.8%+2.4%-6.9%
Q3 2024+1.5%-1.3%-4.1%
Q2 2024+0.4%+3.5%+4.5%
Q1 2024-6.5%-3.9%+0.1%
Q4 2023+5.2%+1.4%-1.5%
Q3 2023+3.2%+3.3%+21.2%
Q2 2023+3.0%+3.0%-5.0%
Q1 2023+0.2%-0.5%-2.8%
Q4 2022+0.9%-1.3%-1.6%
Q3 2022-9.8%-5.7%+1.2%
Q2 2022-2.5%-2.4%-6.4%
Q1 2022+4.5%+5.2%+5.1%
Q4 2021-3.0%-6.9%-1.4%
Q3 2021+4.4%+5.2%+10.4%
Q2 2021+10.6%+14.5%+14.4%
Q1 2021+13.6%+14.5%+23.4%
Q4 2020+20.9%+22.7%+19.4%
Q3 2020-0.1%-1.8%+9.5%
Q2 2020+1.1%-4.0%+1.5%
Q1 2020+11.8%+10.7%+54.2%
Q4 2019+11.4%+18.6%+5.2%
Q3 2019-7.5%-8.0%-12.7%
Q2 2019+2.9%+1.5%+3.3%
Q1 2019+12.3%+11.0%+6.2%
Q4 2018-3.2%+3.8%+0.3%
Q3 2018+1.7%-5.3%-8.9%
Q2 2018-1.0%-5.2%-5.3%
Q1 2018-0.7%-0.2%-2.6%
Q4 2017+8.5%+12.3%+4.3%
Q3 2017+1.6%-1.6%+5.7%
Q2 2017-4.2%-7.7%-14.0%
Q1 2017-1.3%-0.4%-4.8%
Q4 2016+3.3%+1.8%+12.2%
Q3 2016-2.5%+0.8%+3.0%
Q2 2016+12.7%+14.3%+12.2%
Q1 2016+0.9%
Q4 2015+1.1%
Q3 2015-3.0%
Q2 2015+7.3%
Q1 2015+0.5%
Q4 2014+7.8%
Q3 2014-9.3%
Q2 2014+1.0%
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012

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