Century Communities (CCS) Tops Q1 EPS by 7c

Century Communities (NYSE: CCS) reported Q1 EPS of $0.40, $0.07 better than the analyst estimate of $0.33. Revenue for the quarter came in at $226.4 million versus the consensus estimate of $199.63 million.

• Net new home contracts increased 21% to 957 contracts
• Home deliveries increased 13% to 608 homes
• Average home sales price increased 11% to $372,400
• Adjusted homebuilding gross margin increased 23% to $49.1 million
• Adjusted EBITDA was up 13% to $19.2 million
• Backlog dollar value improved 21% to $436.0 million
• Completed successful offering of an additional $125 million of its 6.875% senior notes due 2022

GUIDANCE:

Century Communities sees Q2 2017 revenue of $1-1.2 million.

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

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