Century Communities, Inc.: Initiation Of Coverage – A Story Of Expansion Through Mergers & Acquisitions! 

Century Communities has reported its Q4 and Full-Year 2023 results, which demonstrated notable growth and profitability. The company’s Q4 deliveries hit a record high of 3,157 homes, reflecting a 9% year-on-year increase, and the year 2023 marked the firm’s 21st consecutive year of profitability. The housing market also witnessed considerable improvement, contributing to the company’s success. Total revenues for the quarter reached $1.2 billion, demonstrating a 36% sequential increase and Century’s highest level since Q4 2021. The diluted earnings per share of $2.83 also increased for the fourth sequential quarter, amounting to a 15% improvement over the same period last year.