NYSE$CCS

Century Communities Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Century Communities reported Q4 2024 results with increased net income and total revenues, driven by record quarterly deliveries.

Century Communities reported a strong fourth quarter in 2024, achieving record quarterly revenues and deliveries. Net income and adjusted net income increased year-over-year. The company also increased the capacity of its senior unsecured credit facility.

  • Net income increased 13% year-over-year to $102.7 million, or $3.20 per diluted share.
  • Adjusted net income increased 18% year-over-year to $112.0 million, or $3.49 per diluted share.
  • Total revenues reached $1.3 billion, marking a quarterly record.
  • Deliveries totaled 3,198 homes, also a quarterly record for the Company.

Headline financials

Total Revenue

$1.27B

Previous: $1.21B+5.6%
EPS (adj)

$3.49

Previous: $2.93+19.1%
Net New Home Contracts

2.5K

Previous: 2.3K+5.4%
Selling Communities

322

No prior period
Homebuilding Gross Margin

20.6%

Previous: 21.6%-4.6%
Adjusted Homebuilding Gross Margin

22.9%

No prior period
Average Sales Price of New Home Deliveries

$390K

No prior period
Book Value per Share

$89.21

Previous: $75.12+18.8%
Homebuilding Debt to Capital

30.3%

No prior period
Net Homebuilding Debt to Net Capital

27.4%

No prior period
Capital Expenditures

-$9.11M

Previous: $28.7M-131.8%
Net Income

$103M

Previous: $91.3M+12.5%
Operating Income

$135M

Previous: $126M+7.2%
Gross Profit

$257M

Previous: $261M-1.7%
Stock-Based Comp

$9.77M

Previous: $10.3M-4.7%

Revenue & EPS history

Century Communities · Revenue · Quarterly

$1.27B

Q4 2024+5.6%vs Q4 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Century Communities · $843M total across 2 segments · Q2 2023

  • Home Sales Revenues
    $818M-27.9%
  • Financial Services Revenues
    $24.3M+6.6%

Forward guidance

Century Communities anticipates continued growth in 2025, projecting home deliveries to be in the range of 11,700 to 12,400 homes and home sales revenues to be in the range of $4.5 to $4.8 billion.

Tailwinds

  • Expect full year 2025 home deliveries to be in the range of 11,700 to 12,400 homes.
  • Expect full year 2025 home sales revenues to be in the range of $4.5 to $4.8 billion.
  • Growth in lot count and community count in 2024.
  • Capacity of senior unsecured credit facility increased to $900.0 million.
  • Extended maturity of senior unsecured credit facility to November 2028.

Headwinds

  • Adverse changes in general economic conditions, including increased interest rates, inflation, and employment levels
  • Potential impact of global supply chain disruptions, labor, land and raw material or other resource shortages and delays, and municipal and utility delays on the Company’s business
  • Ability to identify and acquire desirable land
  • Availability and cost of financing
  • Reliance on contractors and key personnel

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 2024

Historical avgQ4 2024

+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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