#United States #Greenwood Village #Century Communities #Q1 2025 #Homebuilders

Century Communities Reports First Quarter 2025 Results

Century Communities, Inc. (NYSE: CCS), a leading name in homebuilding, has announced its financial outcomes for the first quarter of 2025. The financial figures underscore the resilience of the company amidst evolving market dynamics that include economic uncertainty and fluctuating interest rates.

Financial Highlights

During the first quarter, Century Communities achieved notable financial results:

• - Net Income: $39.4 million, translating to $1.26 per diluted share.
• - Adjusted Net Income: $42.2 million, or $1.36 per diluted share.
• - Total Revenues: $903.2 million, driven primarily by home sales amounting to $883.7 million.
• - Home Deliveries: The company successfully delivered 2,284 homes during this quarter.
• - Net New Home Contracts: The company secured 2,692 new net home contracts, despite a generally sluggish spring market.

According to Dale Francescon, Executive Chairman of Century Communities, this quarter witnessed a surge in economic uncertainty impacting consumer confidence and the overall sales pace. Yet, the company managed to strike a balance between maintaining price levels while effectively managing operational costs.

Community Expansion

One of the key highlights was the increase in community count, which grew by 26% year-over-year to 318 communities. This expansion supports the company’s long-term growth strategy while mitigating risks associated with land acquisition by ensuring a controlled inventory of lots, which presently stands at 55% of total lots.

Rob Francescon, CEO and President, expressed optimism about the company's financial health, mentioning that its balance sheet is robust, reflected by $2.6 billion in stockholders' equity and $788 million in liquidity. In addition, a 12% increase in quarterly cash dividends to $0.29 per share demonstrates the company's commitment to returning capital to its shareholders.

Outlook for 2025

As the business landscape changes, Century Communities is adjusting its full-year guidance downward in response to ongoing economic challenges. The company now anticipates home deliveries to be between 10,400 to 11,000 homes with home sales revenues projected between $4.0 to $4.2 billion. These revisions reflect the company's cautious approach amid fluctuating market conditions.

Webcast and Conference Call

Century Communities is set to conduct a webcast and conference call for a detailed discussion on its Q1 results on April 23, 2025. Stakeholders can join the call by dialing 800-549-8228 (domestic) or 646-564-2877 (international) with the conference ID 14883, or tune in via the live webcast at Century Communities Investor Section.

Company Overview

Century Communities stands as one of America’s prominent homebuilders recognized not just for its innovative construction techniques but for its customer-centric business model that aims to deliver quality homes at competitive prices. With a footprint across 17 states and over 45 markets, Century Communities is a forerunner in both traditional and online home sales, and remains steadfast in delivering on its mission of providing “A HOME FOR EVERY DREAM®”. Through a combination of strategic expansions and a robust operational model, the company is poised to navigate the challenges of today's housing market while fostering trust and value among its customers and shareholders alike.

For further information regarding Century Communities, please visit their official website.