Century Communities Inc
NYSE:CCS

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Century Communities Inc
NYSE:CCS
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Price: 61.77 USD 2.13%
Market Cap: 1.8B USD

Century Communities Inc
Investor Relations

Century Communities Inc. has carved its niche in the homebuilding industry by strategically capitalizing on the symbiotic relationship between quality, affordability, and expansive geographic presence. Founded in 2002 and headquartered in Greenwood Village, Colorado, the company has swiftly climbed the ranks to become one of the top ten public homebuilders in the United States. Century Communities operates through two main divisions: Century Homes and Century Complete. Century Homes focuses on designing, building, and selling various home types across prime markets, while Century Complete offers innovative, affordably priced homes through a streamlined, internet-driven sales process. This dual-pronged approach enables the company to cater to a wide range of buyers, from first-time homeowners to those seeking a luxurious upgrade.

The financial engine of Century Communities is its adeptness at identifying and investing in high-growth markets, which involve areas with rising job markets and expanding infrastructure. By purchasing land strategically, the company positions itself to not only build residential communities but also to sell homes at competitive prices that yield impressive margins. They bolster this strategy by offering in-house mortgage services, providing a seamless end-to-end homebuying experience for their clients. With a focus on customer satisfaction and a strategic growth plan, including acquisitions and market diversification, Century Communities effectively scales its operations while reaping sustainable financial rewards. This positioning allows it to thrive in the often cyclical and highly variable real estate sector.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 22, 2025
AI Summary
Q3 2025

Solid Execution: Century Communities delivered 2,486 homes in Q3, reaching the high end of its guidance and meeting or exceeding expectations from last quarter.

Margins: Homebuilding gross margin rose to 20.1%, slightly up sequentially, driven by lower direct costs that offset higher incentives.

Cost Control: Direct construction costs are down 3% year-to-date, and SG&A as a percentage of revenue improved to 12.6%.

Guidance Update: Full-year 2025 home delivery guidance narrowed to 10,000–10,250 homes and revenue to $3.8–3.9 billion.

Market Environment: Demand remains muted due to weak consumer confidence, but management remains optimistic about pent-up demand and is positioning for future growth.

Incentives: Incentives averaged 1,100 bps in Q3 and are expected to increase by up to another 100 bps in Q4 as competition intensifies.

Financial Health: The company refinanced its 2027 notes at a lower rate, ended Q3 with $836 million in liquidity, and repurchased 6% of shares YTD.

ARMs Uptake: Adjustable rate mortgages accounted for close to 20% of Q3 originations, up from less than 5% in Q1, helping address affordability.

Key Financials
Home Deliveries
2,486
Home Sales Revenue
$955 million
Average Sales Price
$384,000
Adjusted Homebuilding Gross Margin
20.1%
Homebuilding Gross Margin
17.9%
SG&A as Percent of Revenue
12.6%
Pretax Income
$48 million
Net Income
$37 million
EPS (Diluted)
$1.25
Adjusted Net Income
$46 million
Adjusted EPS (Diluted)
$1.52
EBITDA
$70 million
Adjusted EBITDA
$82 million
Net New Contracts
2,386 homes
Backlog (Units)
1,117 homes
Backlog Value
$417 million
Backlog Average Price
$373,000
Community Count
321
Owned and Controlled Lots
62,000+
Cycle Time
115 calendar days (average)
Financial Services Revenue
$19 million
Financial Services Pretax Income
$3 million
Tax Rate
21.8%
Net Homebuilding Debt to Net Capital Ratio
31.4%
Homebuilding Debt to Capital Ratio
34.5%
Liquidity
$836 million
Stockholders' Equity
$2.6 billion
Share Repurchases
297,000 shares ($20 million) in Q3; 1.9 million shares (6% of shares outstanding) YTD
Quarterly Dividend
$0.29/share
Earnings Call Recording
Other Earnings Calls

Management

Mr. Dale Francescon J.D.
Chairman & Co-CEO
No Bio Available
Mr. Robert J. Francescon
President, Co-CEO & Director
No Bio Available
Mr. John Scott Dixon
Chief Financial Officer
No Bio Available
Mr. Tyler J. Langton
Senior Vice President of Investor Relations
No Bio Available

Contacts

Address
COLORADO
Greenwood Village
8390 E Crescent Pkwy Ste 650
Contacts