Century Communities (CCS) Tops Q3 EPS by 1c

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.

You May Also Be Interested In

• Gilead Sciences (GILD) Misses Q1 EPS by 288c
• Kinsale Capital Group (KNSL) Tops Q1 EPS by 16c
• Arca Biopharma (ABIO) Reports Q1 Loss of $0.14