Century Communities (CCS) Tops Q3 EPS by 1c

November 1, 2016 5:38 PM EDT

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Century Communities (NYSE: CCS) reported Q3 EPS of $0.63, $0.01 better than the analyst estimate of $0.62. Revenue for the quarter came in at $248.1 million versus the consensus estimate of $243.57 million.

Third Quarter 2016 Highlights Compared to Third Quarter 2015

  • Net income increased 26% to $13.3 million or $0.63 per share
  • Pre-tax income grew 24% to $19.7 million
  • Home sales revenues rose 38% to $248.1 million
  • Home deliveries increased 22% to 706 homes
  • Adjusted homebuilding gross margin expanded 36% to $55.7 million
  • Adjusted EBITDA was up 33% to $26.4 million
  • Net new home contracts increased 32% to 628 contracts
  • Backlog dollar value improved 17% to $380.9 million
  • Expanded senior unsecured credit facility to $380 million and extended its maturity date to 2019
  • Commenced a new wholly-owned financing division to provide title and mortgage services

For earnings history and earnings-related data on Century Communities (CCS) click here.

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