- Century Communities press release ( NYSE: CCS ): Q2 Non-GAAP EPS of $4.78 beats by $0.32 .
- Revenue of $1.17B (+11.4% Y/Y) beats by $60M .
- Gross Margin of 28.2% and Adjusted Gross Margin of 29.4%
- Homebuilding gross margin increased to 28.2% from 23.9%, a 430-basis point increase
- Adjusted homebuilding gross margin increased to 29.4%, a 370-basis point increase
- Homes in backlog increased 7% to 4,767 homes valued at $2.0 billion
- FY 2022 Guidance: David Messenger, Chief Financial Officer of the Company, commented, "Given the industry-wide slowdown in current activity, we are reducing our full year home delivery guidance to 10,750 to 11,750 homes. We are reaffirming our full year home sales revenues to be in the range of $4.3 billion to $4.9 billion, and depending on market conditions, we expect our year end selling communities to be in the range of 240 to 250."
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Century Communities Non-GAAP EPS of $4.78 beats by $0.32, revenue of $1.17B beats by $60M