Century Communities, Inc ( (CCS) ) has released its Q4 earnings. Here is a breakdown of the information Century Communities, Inc presented to its investors.
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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.
