Century Communities, Inc ( (CCS) ) has released its Q4 earnings. Here is a breakdown of the information Century Communities, Inc presented to its investors.
Century Communities, Inc. is one of the largest homebuilders in the United States, known for offering online home sales and providing a broad range of homebuilding services across 17 states. In its recent earnings report, Century Communities showcased a strong financial performance for the fourth quarter and the full year of 2024, marking significant growth across various metrics. The company achieved a record quarterly net income of $102.7 million, or $3.20 per diluted share, representing a 13% increase year-over-year, and a record total revenue of $1.3 billion. The full year results were also impressive, with a net income of $333.8 million and total revenues reaching $4.4 billion. Key highlights from the report include a 15% increase in home deliveries to a new company record of 11,007 for the year, and a 21% rise in net new home contracts to 10,676. Century Communities also expanded its community count by 28% to 322, and improved its book value per share by 13% to $84.65. Looking ahead, Century Communities remains optimistic about its growth trajectory, projecting home deliveries between 11,700 to 12,400 and home sales revenues ranging from $4.5 to $4.8 billion for 2025.