Century Communities (CCS) Q3 FY2023 earnings: revenue $889 million, down 22.3% on the year

Century Communities, Inc. (CCS) reported revenue of $889 million for Q3 FY2023, the quarter ended 30 September 2023, down 22.3% on the same quarter a year earlier. Net income was $83 million, down 42.4% on the year, and diluted earnings per share $2.58. The figures are the company's own, from the 10-Q it filed with the SEC on 26 October 2023.

Revenue$889 milliondown 22.3%

Net income$83 milliondown 42.4%

Diluted EPS$2.58

QuarterQ3 FY2023ended 30 September 2023

The quarter, against the one before and a year earlier

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Revenue	889	n/a	n/a	n/a
Selling, general and administrative	112	n/a	n/a	n/a
Pre-tax income	112	n/a	n/a	n/a
Income tax	28.8	n/a	n/a	n/a
Effective tax rate	25.8%	n/a	n/a
Net income	83.2	n/a	n/a	n/a
Net margin	9.3%	n/a	n/a
Diluted EPS	$2.58	n/a	n/a	n/a

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Operating cash flow	-99.8	n/a	n/a	n/a
Capital expenditure	5.7	n/a	n/a	n/a
Free cash flow	-105	n/a	n/a	n/a
Free cash flow margin	-11.9%	n/a	n/a
Cash from investing	-26.0	n/a	n/a	n/a
Cash from financing	-33.4	n/a	n/a	n/a
Depreciation and amortisation	4.1	n/a	n/a	n/a
Share-based compensation	12.2	n/a	n/a	n/a
Buybacks	17.3	n/a	n/a	n/a
Dividends paid	7.3	n/a	n/a	n/a
Diluted shares, weighted	32m	n/a	n/a	n/a
Shares outstanding at period end	32m	n/a	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Shareholders' equity	2,293	n/a	n/a	n/a
Debt	1,051	n/a	n/a	n/a
Other liabilities	605	n/a	n/a	n/a
Total liabilities and equity	3,949	n/a	n/a	n/a
Fixed assets	34.0	n/a	n/a	n/a
Goodwill	30.4	n/a	n/a	n/a
Cash and equivalents	193	n/a	n/a	n/a
Other assets	3,692	n/a	n/a	n/a
Total assets	3,949	n/a	n/a	n/a

Questions

What was Century Communities' revenue in Q3 FY2023?

Century Communities (CCS) reported revenue of $889 million for Q3 FY2023, the quarter ended 30 September 2023, down 22.3% on the same quarter a year earlier.

How much did Century Communities earn in Q3 FY2023?

Net income for Q3 FY2023 was $83 million, down 42.4% on the year, and diluted earnings per share $2.58.

When did Century Communities report Q3 FY2023 results?

Century Communities filed its 10-Q for the quarter ended 30 September 2023 with the SEC on 26 October 2023.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	889	1,206	949	1,039	1,137	1,273	903	1,001	980	1,234	790	927
SG&A	112	132	114	126	133	143	121	129	120	135	116	127
Pre-tax income	112	126	84.3	111	110	135	52.5	47.1	47.8	47.0	33.3	49.1
Tax rate	26%	28%	24%	24%	24%	24%	25%	26%	22%	23%	27%	26%
Net income	83.2	91.3	64.3	83.7	83.0	103	39.4	34.9	37.4	36.0	24.4	36.1
Net margin	9%	8%	7%	8%	7%	8%	4%	3%	4%	3%	3%	4%
Diluted EPS	$2.58	$2.83	$2.00	$2.61	$2.59	$3.20	$1.26	$1.14	$1.25	$1.21	$0.84	$1.26
Operating cash flow	-99.8	8.6	21.6	-100	-95.5	300	-36.6	-11.0	-10.0	211	-50.3	-82.1
Capital expenditure	5.7	28.7	5.9	17.6	6.4	9.1	3.4	6.5	10.8	8.1	6.8	7.5
Free cash flow	-105	-20.1	15.7	-118	-102	291	-40.0	-17.6	-20.8	203	-57.1	-89.6
Buybacks	17.3	n/a	16.1	37.0	0.0	30.7	55.6	48.0	20.0	20.0	40.0	19.6
Dividends paid	7.3	7.3	8.3	8.2	8.1	8.1	8.9	8.8	8.6	8.4	9.3	9.2
Shares outstanding	32m	32m	32m	31m	31m	31m	31m	30m	29m	29m	29m	28m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 September 2023, filed 26 October 2023, accession 0001576940-23-000084: the filing on EDGAR. All of Century Communities, Inc.'s filings: EDGAR company page.

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install