Century Communities ve třetím čtvrtletí dosáhla čistého zisku 12,6 mil. USD, což představuje meziroční pokles o 66,3 %, při tržbách ve výši 864,5 mil. USD.
- Deliveries of 2,442 Homes Generating $864.5 Million in Total Revenues -
- Ending Community Count Increased Sequentially to 343, a Company Record -
- Book Value Per Share of $90.61, a Company Record -
- Acquired the Assets of HistoryMaker Homes on October 7, 2026 -
- Increased Capacity on Revolving Line of Credit to $1.2 Billion -
, /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), one of the nation's largest homebuilders, today announced financial results for its third quarter ended September 30, 2026.
Third Quarter 2026 Highlights
Net income of $12.6 million, or $0.44 per diluted shareAdjusted net income of $28.8 million, or $1.01 per diluted shareTotal revenues of $864.5 millionDeliveries of 2,442 homesCommunity count of 343, a Company recordBook value per share of $90.61, a Company recordNet new home contracts of 2,284GAAP homebuilding gross margin of 15.0% inclusive of inventory impairment chargesAdjusted homebuilding gross margin of 19.3%Repurchased 169,903 shares of common stock for $11.6 million"The third quarter was marked by a significant rise in interest rates, continued inflation and macroeconomic uncertainty, which weighed heavily on consumer confidence in general and first-time homebuyers in particular," said Dale Francescon, Executive Chairman. "Despite these pressures, we continued to make good progress on the operational side of the business during the quarter. We grew our ending community count by 7% year-over-year and 4% sequentially to a new Company record of 343 communities. Our direct construction costs, finished lot costs, and fixed G&A excluding advertising all decreased vs. the prior quarter as we continued to effectively manage our costs and grew our book value per share to a Company record $90.61."
Rob Francescon, Chief Executive Officer and President, said, "In early October, we acquired substantially all of the assets of HistoryMaker Homes in support of our strategy of deepening our share in existing markets to drive improved margins and returns. This acquisition will accelerate our growth in the largest housing market in the country and one we believe will benefit from solid long-term fundamentals. Specifically, the transaction will increase Century's Dallas division's active communities from 12 to 41 communities as of September 30, 2026 and triple deliveries from 211 to 669 homes on a trailing-twelve-month basis through the third quarter 2026."
Acquisition of HistoryMaker Homes
Century Communities acquired substantially all of the assets of HistoryMaker Homes on October 7, 2026. Founded in 1949, HistoryMaker is Texas' longest-standing production homebuilder and builds exclusively in the Dallas-Fort Worth metroplex. The transaction provides Century with the scale, land position and local talent to accelerate its growth in the largest housing market in the country. HistoryMaker also serves a wider range of the Dallas-Fort Worth market through its focus on both entry-level and move-up homes. Century will also maintain an ongoing land relationship with HistoryMaker's sister land development company, which will complete land development on current and future communities for Century in Dallas-Fort Worth.
Third Quarter 2026 Results
Net income for the third quarter 2026 was $12.6 million, or $0.44 per diluted share. Adjusted net income was $28.8 million, or $1.01 per diluted share.
Total revenues were $864.5 million, with third quarter home sales revenues totaling $842.5 million. Deliveries totaled 2,442 homes. The average sales price of home deliveries for the third quarter 2026 was $345,000.
Net new home contracts in the third quarter 2026 were 2,284, and at the end of the third quarter 2026, the Company had 1,106 homes in backlog, representing $414.0 million of backlog dollar value. Adjusted homebuilding gross margin percentage, excluding interest, purchase price accounting and inventory impairment was 19.3% in the third quarter of 2026, and homebuilding gross margin was 15.0%. Homebuilding gross margin excluding inventory impairment was 17.3%. Selling, general, and administrative expenses as a percent of home sales revenues were 14.1% in the quarter. Adjusted EBITDA and EBITDA for the third quarter 2026 were $63.4 million and $37.1 million, respectively.
Financial services revenues and pre-tax income were $21.2 million and $6.2 million, respectively, in the third quarter 2026.
Balance Sheet and Liquidity
The Company ended the third quarter 2026 with a strong financial position, including $2.6 billion of stockholders' equity and $863.8 million of total liquidity, including $119.8 million of cash, including cash equivalents and cash held in escrow. Century amended its revolving line of credit at the end of the quarter, increasing its capacity to $1.2 billion and extending its maturity to November 2030.
Book value per share was $90.61, a Company record, as of September 30, 2026.
During the third quarter, consistent with Century's disciplined capital allocation approach to enhance the long-term value of the Company and return capital to our stockholders, Century maintained its quarterly cash dividend of $0.32 per share and repurchased 169,903 shares of our common stock for $11.6 million.
As of September 30, 2026, homebuilding debt to capital equaled 36.8% and net homebuilding debt to net capital equaled 34.9%.
Full Year 2026 Outlook
Scott Dixon, Chief Financial Officer of the Company, commented, "Given the impact of increased mortgage rates on our orders and deliveries, we now expect our full year 2026 home deliveries to be in the range of 9,350 to 9,650 homes, including 100 deliveries from HistoryMaker in the fourth quarter, and our home sales revenues to be in the range of $3.3 billion to $3.4 billion."
Webcast and Conference Call
The Company will host a webcast and conference call on Wednesday, October 28, 2026, at 5:00 p.m. Eastern time, 3:00 p.m. Mountain time, to review the Company's third quarter 2026 results, provide commentary, and conduct a question-and-answer session. To participate in the call, please dial 833-461-5787 (domestic) or 585-542-9983 (international) and enter the conference ID 100 064 380. The live webcast will be available at www.centurycommunities.com in the Investors section. A replay of the webcast will be available on the Company's website for at least one year.
About Century Communities
Century Communities, Inc. (NYSE: CCS) is one of the nation's largest homebuilders and a recognized industry leader in online home sales. Newsweek has named the Company one of America's Most Trustworthy Companies for three consecutive years, and Century Communities has also been designated as one of U.S. News & World Report's Best Companies to Work For (2025-2026). Through its Century Communities and Century Complete brands, Century's mission is to build attractive, high-quality homes at affordable prices to provide its valued customers with A HOME FOR EVERY DREAM®. Century is engaged in all aspects of homebuilding — including the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Company operates in 16 states and over 45 markets across the U.S., and also offers mortgage, title, insurance brokerage, and escrow services in select markets through its Inspire Home Loans, Parkway Title, IHL Home Insurance Agency, and IHL Escrow subsidiaries. To learn more about Century Communities, please visit www.centurycommunities.com.
Non-GAAP Financial Measures
In addition to the Company's operating results presented in accordance with United States generally accepted accounting principles (GAAP), this press release includes the following non-GAAP financial measures: adjusted net income, adjusted diluted earnings per share, adjusted homebuilding gross margin, homebuilding gross margin excluding inventory impairment, EBITDA, adjusted EBITDA, and ratio of net homebuilding debt to net capital. These non-GAAP financial measures should not be used as a substitute for the Company's operating results presented in accordance with GAAP, and an analysis of any non-GAAP financial measure should be used in conjunction with results presented in accordance with GAAP. Please refer to the reconciliation of each of the above referenced non-GAAP financial measures following the historical financial information presented in this press release.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, as such, may involve known and unknown risks, uncertainties and assumptions. Forward-looking statements may be identified by the use of words such as "anticipate," "believe," "expect," "intend," "estimate," "plan," "continue," "will," "may," "should," "potential," "guidance" and "outlook" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements in this release include the Company's operating and financial guidance for 2026, including anticipated home deliveries and home sales revenues, and anticipated benefits of the recent HistoryMaker Homes acquisition. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on historical information available at the time the statements are made and are based on management's reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company's control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. The following important factors could cause actual results to differ materially from those expressed in the forward-looking statements: changes in general economic conditions, including interest rates, inflation, and employment levels; consumer confidence and affordability concerns; the impact of geopolitical conflicts including in the Middle East, tariffs and increased costs, immigration reform and enforcement, global supply chain disruptions, labor, land and raw material or other resource shortages and delays, and municipal and utility delays on the Company's business, industry and the broader economy; the availability and cost of financing; home incentive levels; the ability to identify and acquire desirable land and dispose of land when appropriate; availability and pricing for land, labor and raw materials and other resources; reliance on contractors and key personnel; the effect of competition; risks associated with the Company's mortgage lending business and increased use of adjustable-rate mortgages; risks associated with the Company's recent HistoryMaker Homes acquisition, including the possibility that the Company will not realize the anticipated benefits of such acquisition; risks associated with the Company's multi-family rental businesses; future impairment and restructuring charges; the effect of tax changes; the effect of recent federal housing legislation; and the other factors included in the Company's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law.
Century Communities, Inc.
Consolidated Statements of Operations
(Unaudited)
(in thousands, except share and per share amounts)
Three Months Ended September 30,
Nine Months Ended September 30,
2026
2025
2026
2025
Revenues
Homebuilding Revenues
Home sales revenues
$
842,493
$
955,162
$
2,474,127
$
2,815,365
Land sales and other revenues
823
5,764
38,249
7,209
Total homebuilding revenues
843,316
960,926
2,512,376
2,822,574
Financial services revenues
21,151
19,358
68,991
61,666
Total revenues
864,467
980,284
2,581,367
2,884,240
Homebuilding Cost of Revenues
Cost of home sales revenues
(716,082)
(783,746)
(2,054,741)
(2,296,184)
Cost of land sales and other revenues
(26)
(6,303)
(24,275)
(7,199)
Total homebuilding cost of revenues
(716,108)
(790,049)
(2,079,016)
(2,303,383)
Financial services costs
(14,962)
(16,371)
(45,261)
(50,095)
Selling, general, and administrative expense
(118,837)
(119,895)
(362,335)
(369,491)
Other income (expense), net
1,275
(6,131)
3,479
(13,832)
Income before income tax expense
15,835
47,838
98,234
147,439
Income tax expense
(3,218)
(10,435)
(25,060)
(35,798)
Net income
$
12,617
$
37,403
$
73,174
$
111,641
Earnings per share:
Basic
$
0.44
$
1.26
$
2.55
$
3.69
Diluted
$
0.44
$
1.25
$
2.54
$
3.65
Weighted average common shares outstanding:
Basic
28,363,406
29,645,795
28,722,425
30,266,752
Diluted
28,476,268
30,019,153
28,774,514
30,611,011
Century Communities, Inc.
Consolidated Balance Sheets
(in thousands, except share amounts)
September 30,
December 31,
2026
2025
Assets
(unaudited)
(audited)
Cash and cash equivalents
$
86,086
$
109,443
Cash held in escrow
33,740
48,571
Accounts receivable
58,907
57,242
Inventories
3,744,023
3,361,158
Mortgage loans held for sale
186,506
299,145
Prepaid expenses and other assets
527,581
435,683
Property and equipment, net
75,232
69,368
Deferred tax assets, net
36,841
38,176
Goodwill
41,109
41,109
Total assets
$
4,790,025
$
4,459,895
Liabilities and stockholders' equity
Liabilities:
Accounts payable
$
142,568
$
114,416
Accrued expenses and other liabilities
273,872
310,602
Notes payable
1,165,321
1,102,376
Revolving line of credit
456,000
51,500
Mortgage repurchase facilities
191,266
289,269
Total liabilities
2,229,027
1,868,163
Stockholders' equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none outstanding
—
—
Common stock, $0.01 par value, 100,000,000 shares authorized, 28,264,817 and 29,050,515 shares issued
and outstanding at September 30, 2026 and December 31, 2025, respectively
283
291
Additional paid-in capital
310,161
385,962
Retained earnings
2,250,554
2,205,479
Total stockholders' equity
2,560,998
2,591,732
Total liabilities and stockholders' equity
$
4,790,025
$
4,459,895
Century Communities, Inc.
Homebuilding Operational Data
(Unaudited)
Net New Home Contracts
Three Months Ended September 30,
Nine Months Ended September 30,
2026
2025
% Change
2026
2025
% Change
West
268
337
(20.5)
%
913
1,052
(13.2)
%
Mountain
350
418
(16.3)
%
1,216
1,216
—
%
Texas
524
433
21.0
%
1,565
1,436
9.0
%
Southeast
302
388
(22.2)
%
1,047
1,159
(9.7)
%
Century Complete
840
810
3.7
%
2,537
2,761
(8.1)
%
Total
2,284
2,386
(4.3)
%
7,278
7,624
(4.5)
%
New Home Deliveries
(dollars in thousands)
Three Months Ended September 30,
2026
2025
% Change
Homes
Average Sales
Price
Homes
Average Sales
Price
Homes
Average Sales
Price
West
278
$
550.7
369
$
591.0
(24.7)
%
(6.8)
%
Mountain
386
467.0
401
506.0
(3.7)
%
(7.7)
%
Texas
540
286.1
460
293.8
17.4
%
(2.6)
%
Southeast
310
389.7
423
413.8
(26.7)
%
(5.8)
%
Century Complete
928
252.0
833
268.9
11.4
%
(6.3)
%
Total / Weighted Average
2,442
$
345.0
2,486
$
384.2
(1.8)
%
(10.2)
%
Nine Months Ended September 30,
2026
2025
% Change
Homes
Average Sales
Price
Homes
Average Sales
Price
Homes
Average Sales
Price
West
877
$
563.0
1,007
$
597.4
(12.9)
%
(5.8)
%
Mountain
1,146
470.0
1,226
517.2
(6.5)
%
(9.1)
%
Texas
1,438
287.5
1,418
295.6
1.4
%
(2.7)
%
Southeast
987
388.6
1,127
427.5
(12.4)
%
(9.1)
%
Century Complete
2,513
256.6
2,579
263.2
(2.6)
%
(2.5)
%
Total / Weighted Average
6,961
$
355.4
7,357
$
382.7
(5.4)
%
(7.1)
%
Century Communities, Inc.
Homebuilding Operational Data
(Unaudited)
Selling Communities
As of September 30,
Increase/Decrease
2026
2025
Amount
% Change
West
41
38
3
7.9
%
Mountain
57
53
4
7.5
%
Texas
86
73
13
17.8
%
Southeast
37
45
(8)
(17.8)
%
Century Complete
122
112
10
8.9
%
Total
343
321
22
6.9
%
Backlog
(dollars in thousands)
As of September 30,
2026
2025
% Change
Homes
Dollar Value
Average
Sales Price
Homes
Dollar Value
Average
Sales Price
Homes
Dollar Value
Average
Sales Price
West
155
$
86,808
$
560.0
204
$
115,035
$
563.9
(24.0)
%
(24.5)
%
(0.7)
%
Mountain
178
95,939
539.0
139
73,330
527.6
28.1
%
30.8
%
2.2
%
Texas
263
76,233
289.9
195
59,212
303.6
34.9
%
28.7
%
(4.5)
%
Southeast
160
64,684
404.3
139
61,170
440.1
15.1
%
5.7
%
(8.1)
%
Century Complete
350
90,292
258.0
440
108,177
245.9
(20.5)
%
(16.5)
%
4.9
%
Total / Weighted Average
1,106
$
413,956
$
374.3
1,117
$
416,924
$
373.3
(1.0)
%
(0.7)
%
0.3
%
Lot Inventory
As of September 30,
2026
2025
% Change
Owned
Controlled
Total
Owned
Controlled
Total
Owned
Controlled
Total
West
3,562
2,309
5,871
3,709
2,207
5,916
(4.0)
%
4.6
%
(0.8)
%
Mountain
7,314
2,501
9,815
8,522
1,292
9,814
(14.2)
%
93.6
%
0.0
%
Texas
13,293
5,235
18,528
14,713
3,198
17,911
(9.7)
%
63.7
%
3.4
%
Southeast
5,141
5,729
10,870
5,221
7,857
13,078
(1.5)
%
(27.1)
%
(16.9)
%
Century Complete
4,163
11,722
15,885
4,318
11,202
15,520
(3.6)
%
4.6
%
2.4
%
Total
33,473
27,496
60,969
36,483
25,756
62,239
(8.3)
%
6.8
%
(2.0)
%
% of Total
54.9 %
45.1 %
100.0 %
58.6 %
41.4 %
100.0 %
Century Communities, Inc.
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
Adjusted net income and adjusted diluted earnings per share ("Adjusted EPS") are non-GAAP financial measures that the Company believes are useful to management, investors and other users of its financial information in evaluating its operating results and understanding its operating trends without the effect of specified factors that management believes affect comparability. The Company believes excluding specified factors that management believes affect comparability provides more comparable assessment of its financial results from period to period. The Company defines adjusted net income as consolidated net income before (i) income tax expense; (ii) inventory impairment; (iii) abandonment of lot option contracts; (iv) restructuring costs; (v) loss on debt extinguishment; (vi) impairment on other investment; and (vii) purchase price accounting for acquired work in process inventory; in each case, as applicable during a period, less adjusted income tax expense, calculated using the Company's estimated annual effective tax rate after discrete items for the applicable period. Adjusted EPS is calculated by dividing adjusted net income by weighted average common shares – diluted.
Adjusted Net Income and Adjusted Diluted Earnings Per Share
(in thousands, except share and per share amounts)
Three Months Ended September 30,
Nine Months Ended September 30,
2026
2025
2026
2025
Numerator
Net income
$
12,617
$
37,403
$
73,174
$
111,641
Denominator
Weighted average common shares outstanding - basic
28,363,406
29,645,795
28,722,425
30,266,752
Dilutive effect of stock-based compensation awards
112,862
373,358
52,089
344,259
Weighted average common shares outstanding - diluted
28,476,268
30,019,153
28,774,514
30,611,011
Earnings per share:
Basic
$
0.44
$
1.26
$
2.55
$
3.69
Diluted
$
0.44
$
1.25
$
2.54
$
3.65
Adjusted earnings per share
Numerator
Net income
$
12,617
$
37,403
$
73,174
$
111,641
Income tax expense
3,218
10,435
25,060
35,798
Income before income tax expense
15,835
47,838
98,234
147,439
Inventory impairment
19,605
3,180
19,605
10,951
Abandonment of lot option contracts
2,320
5,159
4,399
9,306
Restructuring costs
—
—
—
1,505
Loss on debt extinguishment
—
1,361
—
1,361
Purchase price accounting for acquired work in process inventory
899
2,830
2,200
6,763
Adjusted income before income tax expense
38,659
60,368
124,438
177,325
Adjusted income tax expense(1)
(9,862)
(14,657)
(31,745)
(43,054)
Adjusted net income
$
28,797
$
45,711
$
92,693
$
134,271
Denominator - Diluted
28,476,268
30,019,153
28,774,514
30,611,011
Adjusted diluted earnings per share
$
1.01
$
1.52
$
3.22
$
4.39
(1)
The tax rates used in calculating adjusted net income for the both three and nine months ended September 30, 2026 were 25.5%, which are reflective of our GAAP tax rates for the nine months ended September 30, 2026. The tax rates used in calculating adjusted net income for the three and nine months ended September 30, 2025 were each 24.3%, respectively, which are reflective of our GAAP tax rates for the nine months ended September 30, 2025.
Century Communities, Inc.
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
Adjusted homebuilding gross margin excluding inventory impairment (if applicable), interest in cost of home sales revenues, and purchase price accounting for acquired work in process inventory (if applicable), is not a measurement of financial performance under GAAP; however, the Company's management believes that this information is meaningful as it isolates the impact that inventory impairment, indebtedness, and acquisitions have on homebuilding gross margin and permits the Company's stockholders to make better comparisons with the Company's competitors, who adjust gross margins in a similar fashion. This non-GAAP financial measure should not be used as a substitute for the Company's GAAP operating results. An analysis of any non-GAAP financial measure should be used in conjunction with results presented in accordance with GAAP.
Add: Purchase price accounting for acquired work in process inventory
2,200
0.1
%
6,763
0.2
%
Adjusted homebuilding gross margin excluding interest, inventory impairment
and purchase price accounting for acquired work in process inventory(1)
$
486,576
19.7
%
$
578,889
20.6
%
(1)
Beginning in the fourth quarter of 2025, inventory impairment was reclassified to be included in cost of home sales revenues in the Company's consolidated statements of operations rather than presented as a separate line item and prior year amounts have been reclassified to conform to this presentation.
Century Communities, Inc.
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
EBITDA and Adjusted EBITDA
EBITDA and adjusted EBITDA are non-GAAP financial measures the Company uses as supplemental measures in evaluating operating performance. The Company defines EBITDA as net income before (i) income tax expense, (ii) interest in cost of home sales revenues, (iii) interest expense (income), and (iv) depreciation and amortization expense. The Company defines adjusted EBITDA as EBITDA before inventory impairment, abandonment of lot option contracts, stock-based compensation expense, restructuring costs, loss on debt extinguishment, impairment on other investment, and purchase price accounting for acquired work in process inventory, in each case as applicable during a period. The Company believes EBITDA and adjusted EBITDA provide an indicator of general economic performance that is not affected by fluctuations in interest rates or effective tax rates, levels of depreciation or amortization, and other specified factors that management believes affect comparability. Accordingly, the Company's management believes that these measurements are useful for comparing general operating performance from period to period. EBITDA and adjusted EBITDA should be considered in addition to, and not as a substitute for, consolidated net income in accordance with GAAP as a measure of performance. The presentation of adjusted EBITDA should not be construed as an indication that the Company's future results will be unaffected by unusual or other specified factors that management believes affect comparability. Each of EBITDA and adjusted EBITDA is limited as an analytical tool, and should not be considered in isolation or as a substitute for analysis of the Company's results of operations as reported under GAAP.
(in thousands)
Three Months Ended September 30,
Nine Months Ended September 30,
2026
2025
% Change
2026
2025
% Change
Net income
$
12,617
$
37,403
(66.3)
%
$
73,174
$
111,641
(34.5)
%
Income tax expense
3,218
10,435
(69.2)
%
25,060
35,798
(30.0)
%
Interest in cost of home sales revenues
15,873
15,005
5.8
%
45,385
41,994
8.1
%
Interest expense (income)
54
876
(93.8)
%
442
445
(0.7)
%
Depreciation and amortization expense
5,365
6,005
(10.7)
%
16,107
18,868
(14.6)
%
EBITDA
$
37,127
$
69,724
(46.8)
%
$
160,168
$
208,746
(23.3)
%
Inventory impairment
19,605
3,180
516.5
%
19,605
10,951
79.0
%
Abandonment of lot option contracts
2,320
5,159
(55.0)
%
4,399
9,306
(52.7)
%
Stock-based compensation expense (1)
3,461
5,486
(36.9)
%
10,641
13,720
(22.4)
%
Restructuring costs
—
—
—
%
—
1,505
(100.0)
%
Loss on debt extinguishment
—
1,361
(100.0)
%
—
1,361
(100.0)
%
Purchase price accounting for acquired work in process inventory
899
2,830
(68.2)
%
2,200
6,763
(67.5)
%
Adjusted EBITDA
$
63,412
$
87,740
(27.7)
%
$
197,013
$
252,352
(21.9)
%
(1)
Beginning in the fourth quarter of 2025, the Company added "Stock-based compensation expense" as an adjustment in its non-GAAP adjusted EBITDA calculation. Accordingly, the corresponding prior period information has been recast to conform to the current presentation and calculation.
Century Communities, Inc.
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
Ratio of Net Homebuilding Debt to Net Capital
The following table presents the Company's ratio of net homebuilding debt to net capital, which is a non-GAAP financial measure. The Company calculates this by dividing net homebuilding debt (homebuilding debt less cash and cash equivalents, and cash held in escrow) by net capital (net homebuilding debt plus total stockholders' equity). Homebuilding debt is total debt minus outstanding borrowings under construction loan agreements and mortgage repurchase facilities. The most directly comparable GAAP measure is the ratio of homebuilding debt to capital. The Company believes the ratio of net homebuilding debt to net capital is a relevant and useful financial measure to investors in understanding the leverage employed in its operations and as an indicator of the Company's ability to obtain external financing.
(in thousands)
September 30,
December 31,
2026
2025
Notes payable
$
1,165,321
$
1,102,376
Revolving line of credit
456,000
51,500
Construction loan agreements
(129,450)
(90,269)
Total homebuilding debt
1,491,871
1,063,607
Total stockholders' equity
2,560,998
2,591,732
Total capital
$
4,052,869
$
3,655,339
Homebuilding debt to capital
36.8 %
29.1 %
Total homebuilding debt
$
1,491,871
$
1,063,607
Cash and cash equivalents
(86,086)
(109,443)
Cash held in escrow
(33,740)
(48,571)
Net homebuilding debt
1,372,045
905,593
Total stockholders' equity
2,560,998
2,591,732
Net capital
$
3,933,043
$
3,497,325
Net homebuilding debt to net capital
34.9 %
25.9 %
Contact Information:
Tyler Langton, Senior Vice President of Investor Relations and Finance
303-268-8345
[email protected]
Century Communities (NYSE: CCS) koupila podstatnou část aktiv společnosti HMH Lifestyles, působící jako HistoryMaker Homes, čímž v oblasti Dallas–Fort Worth ztrojnásobí počet svých rezidenčních projektů a rozšíří zásobu stavebních pozemků.
Acquisition of HistoryMaker Homes, Texas' longest-standing production homebuilder, significantly expands Century Communities' market presence, community count, and lot pipeline in Dallas-Fort Worth, the nation's largest new home market
, /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—a top national homebuilder, industry leader in online home sales, and featured on America's Most Trustworthy Companies by Newsweek and U.S. News & World Report's Best Companies to Work For—today announced it has acquired substantially all of the assets of HMH Lifestyles, L.P., doing business as HistoryMaker Homes. Founded in 1949 in Fort Worth and headquartered in Grapevine, HistoryMaker Homes is Texas' longest-standing production homebuilder and builds exclusively in the Dallas-Fort Worth metroplex. The acquisition significantly deepens Century Communities' position in the market, tripling its community count and meaningfully expanding the Company's lot pipeline.
"HistoryMaker Homes gives us the scale, land position, and local talent to accelerate our growth in Dallas-Fort Worth, one of the largest housing markets in the country," said Rob Francescon, Chief Executive Officer of Century Communities.
"HistoryMaker has earned the trust of Texas homebuyers for more than 75 years, and its product and lot pipeline fit squarely with our strategy of building depth in our existing markets. We're proud to welcome the HistoryMaker team to the Century family, and we thank Nelson Mitchell for entrusting us with the next chapter of a company his family has built over five generations," said Jim Francescon, Executive Vice President of Century Communities.
"For five generations, my family has been proud to build quality new homes—supported by a best-in-class team—that Texas families could count on," said Nelson Mitchell, Chief Executive Officer of HistoryMaker Homes. "As we looked to the future, it was important to find a partner that shares our commitment to quality, integrity and the customer experience, and that would give our people room to grow. Century Communities is that partner. I'm confident our team, our homeowners, and our trade partners are in great hands, and I look forward to seeing the HistoryMaker legacy continue as part of Century."
Century Communities' existing Dallas-Fort Worth operations will combine with HistoryMaker Homes to form a single division based in Grapevine, with HistoryMaker division leadership and team members joining Century Communities. Construction, sales, and closings will continue as scheduled, and homebuyers under contract will continue working with their local HistoryMaker Homes team.
As part of the transaction, Century Communities will also maintain an ongoing land relationship with Jabez Development, HistoryMaker's sister land development company. Jabez will complete land development on select communities for Century, and the companies expect to pursue additional land opportunities together in Dallas-Fort Worth.
Vestra Advisors served as the exclusive financial advisor for HistoryMaker Homes.
About Century Communities
Century Communities, Inc. (NYSE: CCS) is one of the nation's largest homebuilders and a recognized industry leader in online home sales. Newsweek has named the Company one of America's Most Trustworthy Companies for four consecutive years. Century Communities has also been designated as one of U.S. News & World Report's Best Companies to Work For (2025–2026). Through its Century Communities and Century Complete brands, Century's mission is to build attractive, high-quality homes at affordable prices to provide its valued customers with A HOME FOR EVERY DREAM®. Century is engaged in all aspects of homebuilding — including the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Company operates in 16 states and over 45 markets across the U.S., and also offers mortgage, title, insurance brokerage, and escrow services in select markets through its Inspire Home Loans, Parkway Title, IHL Home Insurance Agency, and IHL Escrow subsidiaries. To learn more about Century Communities, please visit www.centurycommunities.com.
About HistoryMaker Homes
Founded in 1949, HistoryMaker Homes is Texas' oldest homebuilder and has completed approximately 25,000 quality homes for Texas families over its more than 75-year history. For five generations, the family-owned company has built its reputation on quality, integrity, and a commitment to creating homes and communities where families can thrive. Following the transaction with Century Communities, HistoryMaker's sister companies—Jabez Development, a residential land development company, and ONM Living, a build-to-rent company—will remain independently owned and continue operations, carrying forward the family's long-standing commitment to real estate development and investment in Texas.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, as such, may involve known and unknown risks, uncertainties and assumptions. Forward-looking statements may be identified by the use of words such as "anticipate," "believe," "expect," "estimate," "plan," "outlook," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on historical information available at the time the statements are made and are based on management's reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company's control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. Forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law. Investors are referred to the Company's Annual Report on Form 10-K for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement.
Century Communities, Inc. (NYSE:CCS – Get Free Report) has been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $67.00.
Several analysts have recently weighed in on CCS shares. Zacks Research upgraded shares of Century Communities from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Weiss Ratings raised shares of Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 24th. Zelman & Associates cut Century Communities from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 7th. Finally, Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th.
View Our Latest Report on Century Communities
Century Communities Trading Up 0.1% Shares of CCS opened at $69.21 on Monday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44. Century Communities has a 12-month low of $47.28 and a 12-month high of $76.00. The firm has a 50-day moving average price of $68.46 and a 200 day moving average price of $62.62. The firm has a market capitalization of $1.97 billion, a P/E ratio of 15.18 and a beta of 1.30. Century Communities (NYSE:CCS – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.67. The firm had revenue of $927.23 million during the quarter, compared to analysts’ expectations of $857.23 million. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. Century Communities’s revenue was down 8.1% compared to the same quarter last year. During the same period last year, the business earned $1.37 earnings per share. Sell-side analysts forecast that Century Communities will post 4.86 EPS for the current year.
Century Communities Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 26th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, August 26th. Century Communities’s dividend payout ratio is 28.07%.
Institutional Investors Weigh In On Century Communities A number of institutional investors and hedge funds have recently made changes to their positions in CCS. California State Teachers Retirement System raised its position in Century Communities by 6,886.6% in the second quarter. California State Teachers Retirement System now owns 2,266,677 shares of the construction company’s stock valued at $162,430,000 after purchasing an additional 2,234,234 shares during the period. Nykredit A S purchased a new position in Century Communities in the 2nd quarter valued at approximately $26,000. Hsbc Holdings PLC acquired a new position in shares of Century Communities in the second quarter worth $450,000. Wellington Management Group LLP grew its stake in shares of Century Communities by 15.1% in the second quarter. Wellington Management Group LLP now owns 1,050,982 shares of the construction company’s stock worth $75,313,000 after acquiring an additional 137,957 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Century Communities during the second quarter worth $11,292,000. 99.54% of the stock is owned by hedge funds and other institutional investors.
Century Communities Company Profile (Get Free Report)
Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.
Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.
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, /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), one of the nation's largest homebuilders, today announced that its Board of Directors has declared a quarterly cash dividend of $0.32 per share. This dividend is payable on September 9, 2026 to stockholders of record as of the close of business on August 26, 2026.
About Century Communities:
Century Communities, Inc. (NYSE: CCS) is one of the nation's largest homebuilders and a recognized industry leader in online home sales. Newsweek has named the Company one of America's Most Trustworthy Companies for four consecutive years. Century Communities has also been designated as one of U.S. News & World Report's Best Companies to Work For (2025–2026). Through its Century Communities and Century Complete brands, Century's mission is to build attractive, high-quality homes at affordable prices to provide its valued customers with A HOME FOR EVERY DREAM®. Century is engaged in all aspects of homebuilding — including the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Company operates in 16 states and over 45 markets across the U.S., and also offers mortgage, title, insurance brokerage, and escrow services in select markets through its Inspire Home Loans, Parkway Title, IHL Home Insurance Agency, and IHL Escrow subsidiaries. To learn more about Century Communities, please visit www.centurycommunities.com.
Contact Information:
Tyler Langton, Senior Vice President of Investor Relations and Finance
303-268-8345
[email protected]
Century Communities za 2. čtvrtletí vykázala čistý zisk 36,1 mil. USD, tedy 1,26 USD na akcii, a tržby 927,2 mil. USD. Počet otevřených komunit vzrostl na rekordních 330.
- Deliveries of 2,506 Homes Generating $927.2 Million in Total Revenues -
- Net New Home Contracts of 2,615 -
- Ending Community Count Increased Sequentially to 330, a Company Record -
- Net Income of $36.1 Million, or $1.26 Per Diluted Share -
- Book Value Per Share of $90.24, a Company Record -
, /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), one of the nation's largest homebuilders, today announced financial results for its second quarter ended June 30, 2026.
Second Quarter 2026 Highlights
Net income of $36.1 million, or $1.26 per diluted share Adjusted net income of $37.3 million, or $1.30 per diluted share Total revenues of $927.2 million Community count of 330, a Company record Deliveries of 2,506 homes Net new home contracts of 2,615 Homebuilding gross margin of 18.1% Adjusted homebuilding gross margin of 20.0% Repurchased 352,811 shares of common stock for $19.6 million "We delivered strong second quarter results despite continued headwinds from macro challenges and weak consumer sentiment, with earnings per diluted share of $1.26 increasing by 11% on a year-over-year basis and 50% sequentially," said Dale Francescon, Executive Chairman. "We continued to invest in our business and ended the quarter with 330 open communities, a Company record. Our balance sheet remains strong with $2.6 billion of stockholders' equity and $802 million of liquidity, and we repurchased 352,811 shares of our common stock for $19.6 million at a 38% discount to our Company record book value per share of $90.24 while maintaining our quarterly cash dividend of $0.32 per share and continuing to position Century for future growth."
Rob Francescon, Chief Executive Officer and President, said, "Our deliveries of 2,506 homes grew by 25% on a sequential basis and exceeded our guidance on stronger order activity, with our net orders of 2,615 homes increasing by 3% on a year-over-year basis and 10% sequentially. Our net orders were relatively stable throughout the quarter, with our traffic posting a sequential gain of 9% in the second quarter. Our adjusted homebuilding gross margin of 20.0% increased by 30 basis points on a sequential basis, benefitting from lower incentives and direct costs as we controlled our costs and inventory levels."
Second Quarter 2026 Results
Net income for the second quarter 2026 was $36.1 million, or $1.26 per diluted share. Adjusted net income was $37.3 million, or $1.30 per diluted share.
Total revenues were $927.2 million, with second quarter home sales revenues totaling $897.5 million. Deliveries totaled 2,506 homes. The average sales price of home deliveries for the second quarter 2026 was $358,200.
Net new home contracts in the second quarter 2026 were 2,615, and at the end of the second quarter 2026, the Company had 1,264 homes in backlog, representing $469.3 million of backlog dollar value.
Adjusted homebuilding gross margin percentage, excluding interest and purchase price accounting, was 20.0% in the second quarter of 2026, and homebuilding gross margin was 18.1%. Selling, general, and administrative expenses as a percent of home sales revenues was 14.2% in the quarter. Adjusted EBITDA and EBITDA for the second quarter 2026 were $78.2 million and $71.0 million, respectively.
Financial services revenues and pre-tax income were $25.4 million and $9.9 million, respectively, in the second quarter 2026.
Balance Sheet and Liquidity
The Company ended the second quarter 2026 with a strong financial position, including $2.6 billion of stockholders' equity and $802.4 million of total liquidity, including $132.0 million of cash, including cash equivalents and cash held in escrow.
Book value per share was $90.24, a Company record, as of June 30, 2026.
During the second quarter, consistent with Century's disciplined capital allocation approach to enhance the long-term value of the Company and return capital to our stockholders, Century maintained its quarterly cash dividend of $0.32 per share and repurchased 352,811 shares of common stock for $19.6 million.
As of June 30, 2026, homebuilding debt to capital equaled 34.2% and net homebuilding debt to net capital equaled 31.9%.
Full Year 2026 Outlook
Scott Dixon, Chief Financial Officer of the Company, commented, "We are raising the midpoint and low end of our full year 2026 home delivery guidance to be in the range of 9,750 to 10,500 homes, with our home sales revenues expected to be in the range of $3.5 billion to $3.8 billion."
Webcast and Conference Call
The Company will host a webcast and conference call on Wednesday, July 22, 2026, at 5:00 p.m. Eastern time, 3:00 p.m. Mountain time, to review the Company's second quarter 2026 results, provide commentary, and conduct a question-and-answer session. To participate in the call, please dial 833-461-5787 (domestic) or 585-542-9983 (international) and enter the conference ID 338 306 020. The live webcast will be available at www.centurycommunities.com in the Investors section. A replay of the webcast will be available on the Company's website for at least one year.
About Century Communities
Century Communities, Inc. (NYSE: CCS) is one of the nation's largest homebuilders and a recognized industry leader in online home sales. Newsweek has named the Company one of America's Most Trustworthy Companies for three consecutive years, and Century Communities has also been designated as one of U.S. News & World Report's Best Companies to Work For (2025-2026). Through its Century Communities and Century Complete brands, Century's mission is to build attractive, high-quality homes at affordable prices to provide its valued customers with A HOME FOR EVERY DREAM®. Century is engaged in all aspects of homebuilding — including the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Company operates in 16 states and over 45 markets across the U.S., and also offers mortgage, title, insurance brokerage, and escrow services in select markets through its Inspire Home Loans, Parkway Title, IHL Home Insurance Agency, and IHL Escrow subsidiaries. To learn more about Century Communities, please visit www.centurycommunities.com.
Non-GAAP Financial Measures
In addition to the Company's operating results presented in accordance with United States generally accepted accounting principles (GAAP), this press release includes the following non-GAAP financial measures: adjusted net income, adjusted diluted earnings per share, adjusted homebuilding gross margin, EBITDA, adjusted EBITDA, and ratio of net homebuilding debt to net capital. These non-GAAP financial measures should not be used as a substitute for the Company's operating results presented in accordance with GAAP, and an analysis of any non-GAAP financial measure should be used in conjunction with results presented in accordance with GAAP. Please refer to the reconciliation of each of the above referenced non-GAAP financial measures following the historical financial information presented in this press release.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, as such, may involve known and unknown risks, uncertainties and assumptions. Forward-looking statements may be identified by the use of words such as "anticipate," "believe," "expect," "intend," "estimate," "plan," "continue," "will," "may," "should," "potential," "guidance" and "outlook" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements in this release include the Company's operating and financial guidance for 2026, including anticipated home deliveries and home sales revenues. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on historical information available at the time the statements are made and are based on management's reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company's control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. The following important factors could cause actual results to differ materially from those expressed in the forward-looking statements: changes in general economic conditions, including interest rates, inflation, and employment levels; consumer confidence and affordability concerns; the impact of geopolitical conflicts including in the Middle East, tariffs and increased costs, immigration reform and enforcement, global supply chain disruptions, labor, land and raw material or other resource shortages and delays, and municipal and utility delays on the Company's business, industry and the broader economy; the availability and cost of financing; home incentive levels; the ability to identify and acquire desirable land and dispose of land when appropriate; availability and pricing for land, labor and raw materials and other resources; reliance on contractors and key personnel; the effect of competition; risks associated with the Company's mortgage lending business and increased use of adjustable-rate mortgages; risks associated with the Company's multi-family rental businesses; future impairment and restructuring charges; the effect of tax changes; the effect of recent federal housing legislation; and the other factors included in the Company's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law.
Century Communities, Inc.
Consolidated Statements of Operations
(Unaudited)
(in thousands, except share and per share amounts)
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Revenues
Homebuilding Revenues
Home sales revenues
$
897,528
$
976,467
$
1,631,634
$
1,860,204
Land sales and other revenues
4,255
483
37,426
1,445
Total homebuilding revenues
901,783
976,950
1,669,060
1,861,649
Financial services revenues
25,444
23,774
47,840
42,308
Total revenues
927,227
1,000,724
1,716,900
1,903,957
Homebuilding Cost of Revenues
Cost of home sales revenues
(735,368)
(804,522)
(1,338,659)
(1,512,437)
Cost of land sales and other revenues
(1,678)
(69)
(24,249)
(897)
Total homebuilding cost of revenues
(737,046)
(804,591)
(1,362,908)
(1,513,334)
Financial services costs
(15,548)
(17,550)
(30,299)
(33,724)
Selling, general, and administrative expense
(127,416)
(128,837)
(243,498)
(249,596)
Other income (expense), net
1,851
(2,663)
2,204
(7,702)
Income before income tax expense
49,068
47,083
82,399
99,601
Income tax expense
(12,920)
(12,229)
(21,842)
(25,363)
Net income
$
36,148
$
34,854
$
60,557
$
74,238
Earnings per share:
Basic
$
1.26
$
1.15
$
2.09
$
2.43
Diluted
$
1.26
$
1.14
$
2.09
$
2.40
Weighted average common shares outstanding:
Basic
28,637,901
30,366,109
28,912,225
30,582,376
Diluted
28,653,398
30,680,708
28,933,927
30,912,086
Century Communities, Inc.
Consolidated Balance Sheets
(in thousands, except share amounts)
June 30,
December 31,
2026
2025
Assets
(unaudited)
(audited)
Cash and cash equivalents
$
92,334
$
109,443
Cash held in escrow
39,709
48,571
Accounts receivable
64,824
57,242
Inventories
3,598,982
3,361,158
Mortgage loans held for sale
233,347
299,145
Prepaid expenses and other assets
511,559
435,683
Property and equipment, net
73,090
69,368
Deferred tax assets, net
36,317
38,176
Goodwill
41,109
41,109
Total assets
$
4,691,271
$
4,459,895
Liabilities and stockholders' equity
Liabilities:
Accounts payable
$
151,298
$
114,416
Accrued expenses and other liabilities
290,348
310,602
Notes payable
1,121,745
1,102,376
Revolving line of credit
329,600
51,500
Mortgage repurchase facilities
232,529
289,269
Total liabilities
2,125,520
1,868,163
Stockholders' equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none outstanding
—
—
Common stock, $0.01 par value, 100,000,000 shares authorized, 28,432,620 and 29,050,515 shares issued
and outstanding at June 30, 2026 and December 31, 2025, respectively
284
291
Additional paid-in capital
318,276
385,962
Retained earnings
2,247,191
2,205,479
Total stockholders' equity
2,565,751
2,591,732
Total liabilities and stockholders' equity
$
4,691,271
$
4,459,895
Century Communities, Inc.
Homebuilding Operational Data
(Unaudited)
Net New Home Contracts
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
% Change
2026
2025
% Change
West
309
323
(4.3)
%
645
715
(9.8)
%
Mountain
440
336
31.0
%
866
798
8.5
%
Texas
568
504
12.7
%
1,041
1,003
3.8
%
Southeast
386
384
0.5
%
745
771
(3.4)
%
Century Complete
912
999
(8.7)
%
1,697
1,951
(13.0)
%
Total
2,615
2,546
2.7
%
4,994
5,238
(4.7)
%
New Home Deliveries
(dollars in thousands)
Three Months Ended June 30,
2026
2025
% Change
Homes
Average Sales
Price
Homes
Average Sales
Price
Homes
Average Sales
Price
West
322
$
568.9
335
$
602.5
(3.9)
%
(5.6)
%
Mountain
416
476.5
396
521.0
5.1
%
(8.5)
%
Texas
527
290.8
501
294.2
5.2
%
(1.2)
%
Southeast
362
383.2
401
429.9
(9.7)
%
(10.9)
%
Century Complete
879
255.1
954
260.5
(7.9)
%
(2.1)
%
Total / Weighted Average
2,506
$
358.2
2,587
$
377.5
(3.1)
%
(5.1)
%
Six Months Ended June 30,
2026
2025
% Change
Homes
Average Sales
Price
Homes
Average Sales
Price
Homes
Average Sales
Price
West
599
$
568.8
638
$
601.0
(6.1)
%
(5.4)
%
Mountain
760
471.5
825
522.6
(7.9)
%
(9.8)
%
Texas
898
288.3
958
296.5
(6.3)
%
(2.8)
%
Southeast
677
388.2
704
435.7
(3.8)
%
(10.9)
%
Century Complete
1,585
259.3
1,746
260.5
(9.2)
%
(0.5)
%
Total / Weighted Average
4,519
$
361.1
4,871
$
381.9
(7.2)
%
(5.4)
%
Century Communities, Inc.
Homebuilding Operational Data
(Unaudited)
Selling Communities
As of June 30,
Increase/Decrease
2026
2025
Amount
% Change
West
40
36
4
11.1
%
Mountain
53
51
2
3.9
%
Texas
89
75
14
18.7
%
Southeast
36
43
(7)
(16.3)
%
Century Complete
112
122
(10)
(8.2)
%
Total
330
327
3
0.9
%
Backlog
(dollars in thousands)
As of June 30,
2026
2025
% Change
Homes
Dollar Value
Average Sales
Price
Homes
Dollar Value
Average Sales
Price
Homes
Dollar Value
Average Sales
Price
West
165
$
94,173
$
570.7
236
$
142,012
$
601.7
(30.1)
%
(33.7)
%
(5.2)
%
Mountain
214
110,273
515.3
122
66,572
545.7
75.4
%
65.6
%
(5.6)
%
Texas
279
83,386
298.9
222
67,939
306.0
25.7
%
22.7
%
(2.3)
%
Southeast
168
71,714
426.9
174
75,720
435.2
(3.4)
%
(5.3)
%
(1.9)
%
Century Complete
438
109,726
250.5
463
113,747
245.7
(5.4)
%
(3.5)
%
2.0
%
Total / Weighted Average
1,264
$
469,272
$
371.3
1,217
$
465,990
$
382.9
3.9
%
0.7
%
(3.0)
%
Lot Inventory
As of June 30,
2026
2025
% Change
Owned
Controlled
Total
Owned
Controlled
Total
Owned
Controlled
Total
West
3,546
2,488
6,034
3,948
3,097
7,045
(10.2)
%
(19.7)
%
(14.4)
%
Mountain
7,491
2,203
9,694
8,905
1,344
10,249
(15.9)
%
63.9
%
(5.4)
%
Texas
13,725
2,981
16,706
14,900
5,493
20,393
(7.9)
%
(45.7)
%
(18.1)
%
Southeast
4,864
6,247
11,111
5,095
8,392
13,487
(4.5)
%
(25.6)
%
(17.6)
%
Century Complete
4,055
12,528
16,583
4,571
12,956
17,527
(11.3)
%
(3.3)
%
(5.4)
%
Total
33,681
26,447
60,128
37,419
31,282
68,701
(10.0)
%
(15.5)
%
(12.5)
%
% of Total
56.0 %
44.0 %
100.0 %
54.5 %
45.5 %
100.0 %
Century Communities, Inc.
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
Adjusted net income and adjusted diluted earnings per share ("Adjusted EPS") are non-GAAP financial measures that the Company believes are useful to management, investors and other users of its financial information in evaluating its operating results and understanding its operating trends without the effect of specified factors that management believes affect comparability. The Company believes excluding specified factors that management believes affect comparability provides more comparable assessment of its financial results from period to period. The Company defines adjusted net income as consolidated net income before (i) income tax expense; (ii) inventory impairment; (iii) abandonment of lot option contracts; (iv) restructuring costs; (v) loss on debt extinguishment; (vi) impairment on other investment; and (vii) purchase price accounting for acquired work in process inventory; in each case, as applicable during a period, less adjusted income tax expense, calculated using the Company's estimated annual effective tax rate after discrete items for the applicable period. Adjusted EPS is calculated by dividing adjusted net income by weighted average common shares – diluted.
Adjusted Net Income and Adjusted Diluted Earnings Per Share
(in thousands, except share and per share amounts)
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Numerator
Net income
$
36,148
$
34,854
$
60,557
$
74,238
Denominator
Weighted average common shares outstanding - basic
28,637,901
30,366,109
28,912,225
30,582,376
Dilutive effect of stock-based compensation awards
15,497
314,599
21,702
329,710
Weighted average common shares outstanding - diluted
28,653,398
30,680,708
28,933,927
30,912,086
Earnings per share:
Basic
$
1.26
$
1.15
$
2.09
$
2.43
Diluted
$
1.26
$
1.14
$
2.09
$
2.40
Adjusted earnings per share
Numerator
Net income
$
36,148
$
34,854
$
60,557
$
74,238
Income tax expense
12,920
12,229
21,842
25,363
Income before income tax expense
49,068
47,083
82,399
99,601
Inventory impairment
—
7,360
—
7,771
Abandonment of lot option contracts(1)
1,125
2,642
2,079
4,148
Restructuring costs
—
—
—
1,505
Purchase price accounting for acquired work in process inventory
613
2,041
1,301
3,933
Adjusted income before income tax expense
50,806
59,126
85,779
116,958
Adjusted income tax expense(2)
(13,467)
(15,056)
(22,738)
(29,783)
Adjusted net income
$
37,339
$
44,070
$
63,041
$
87,175
Denominator - Diluted
28,653,398
30,680,708
28,933,927
30,912,086
Adjusted diluted earnings per share
$
1.30
$
1.44
$
2.18
$
2.82
(1)
Beginning in the third quarter of 2025, the Company added "Abandonment of lot option contracts" as an adjustment in its non-GAAP adjusted net income calculation. Accordingly, the corresponding prior period information has been recast to conform to the current presentation and calculation.
(2)
The tax rates used in calculating adjusted net income for the three and six months ended June 30, 2026 were each 26.5%, respectively, which are reflective of our GAAP tax rates for the six months ended June 30, 2026. The tax rates used in calculating adjusted net income for the three and six months ended June 30, 2025 were each 25.5%, respectively, which are reflective of our GAAP tax rates for the six months ended June 30, 2025.
Century Communities, Inc.
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
Adjusted homebuilding gross margin excluding inventory impairment (if applicable), interest in cost of home sales revenues, and purchase price accounting for acquired work in process inventory (if applicable), is not a measurement of financial performance under GAAP; however, the Company's management believes that this information is meaningful as it isolates the impact that inventory impairment, indebtedness, and acquisitions have on homebuilding gross margin and permits the Company's stockholders to make better comparisons with the Company's competitors, who adjust gross margins in a similar fashion. This non-GAAP financial measure should not be used as a substitute for the Company's GAAP operating results. An analysis of any non-GAAP financial measure should be used in conjunction with results presented in accordance with GAAP.
and purchase price accounting for acquired work in process inventory
$
323,788
19.8
%
$
386,460
20.8
%
(1)
Beginning in the fourth quarter of 2025, inventory impairment was reclassified to be included in cost of home sales revenues in the Company's consolidated statements of operations rather than presented as a separate line item and prior year amounts have been reclassified to conform to this presentation.
Century Communities, Inc.
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
EBITDA and Adjusted EBITDA
EBITDA and adjusted EBITDA are non-GAAP financial measures the Company uses as supplemental measures in evaluating operating performance. The Company defines EBITDA as net income before (i) income tax expense, (ii) interest in cost of home sales revenues, (iii) other interest expense (income), and (iv) depreciation and amortization expense. The Company defines adjusted EBITDA as EBITDA before inventory impairment, abandonment of lot option contracts, stock-based compensation expense, restructuring costs, loss on debt extinguishment, impairment on other investment, and purchase price accounting for acquired work in process inventory, in each case as applicable during a period. The Company believes EBITDA and adjusted EBITDA provide an indicator of general economic performance that is not affected by fluctuations in interest rates or effective tax rates, levels of depreciation or amortization, and other specified factors that management believes affect comparability. Accordingly, the Company's management believes that these measurements are useful for comparing general operating performance from period to period. EBITDA and adjusted EBITDA should be considered in addition to, and not as a substitute for, consolidated net income in accordance with GAAP as a measure of performance. The presentation of adjusted EBITDA should not be construed as an indication that the Company's future results will be unaffected by unusual or other specified factors that management believes affect comparability. Each of EBITDA and adjusted EBITDA is limited as an analytical tool, and should not be considered in isolation or as a substitute for analysis of the Company's results of operations as reported under GAAP.
(in thousands)
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
% Change
2026
2025
% Change
Net income
$
36,148
$
34,854
3.7
%
$
60,557
$
74,238
(18.4)
%
Income tax expense
12,920
12,229
5.7
%
21,842
25,363
(13.9)
%
Interest in cost of home sales revenues
16,342
14,204
15.1
%
29,512
26,989
9.3
%
Interest expense (income)
218
(1,229)
(117.7)
%
387
(431)
(189.8)
%
Depreciation and amortization expense
5,389
6,434
(16.2)
%
10,741
12,862
(16.5)
%
EBITDA
$
71,017
$
66,492
6.8
%
$
123,039
$
139,021
(11.5)
%
Inventory impairment
—
7,360
(100.0)
%
—
7,771
(100.0)
%
Abandonment of lot option contracts (1)
1,125
2,642
(57.4)
%
2,079
4,148
(49.9)
%
Stock-based compensation expense (2)
5,400
7,941
(32.0)
%
7,180
8,233
(12.8)
%
Restructuring costs
—
—
—
%
—
1,505
(100.0)
%
Purchase price accounting for acquired work in process inventory
613
2,041
(70.0)
%
1,301
3,933
(66.9)
%
Adjusted EBITDA
$
78,155
$
86,476
(9.6)
%
$
133,599
$
164,611
(18.8)
%
(1)
Beginning in the third quarter of 2025, the Company added "Abandonment of lot option contracts" as an adjustment in its non-GAAP adjusted EBITDA calculation. Accordingly, the corresponding prior period information has been recast to conform to the current presentation and calculation.
(2)
Beginning in the fourth quarter of 2025, the Company added "Stock-based compensation expense" as an adjustment in its non-GAAP adjusted EBITDA calculation. Accordingly, the corresponding prior period information has been recast to conform to the current presentation and calculation.
Century Communities, Inc.
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
Ratio of Net Homebuilding Debt to Net Capital
The following table presents the Company's ratio of net homebuilding debt to net capital, which is a non-GAAP financial measure. The Company calculates this by dividing net homebuilding debt (homebuilding debt less cash and cash equivalents, and cash held in escrow) by net capital (net homebuilding debt plus total stockholders' equity). Homebuilding debt is total debt minus outstanding borrowings under construction loan agreement and mortgage repurchase facilities. The most directly comparable GAAP measure is the ratio of homebuilding debt to capital. The Company believes the ratio of net homebuilding debt to net capital is a relevant and useful financial measure to investors in understanding the leverage employed in its operations and as an indicator of the Company's ability to obtain external financing.
(in thousands)
June 30,
December 31,
2026
2025
Notes payable
$
1,121,745
$
1,102,376
Revolving line of credit
329,600
51,500
Construction loan agreements
(118,982)
(90,269)
Total homebuilding debt
1,332,363
1,063,607
Total stockholders' equity
2,565,751
2,591,732
Total capital
$
3,898,114
$
3,655,339
Homebuilding debt to capital
34.2 %
29.1 %
Total homebuilding debt
$
1,332,363
$
1,063,607
Cash and cash equivalents
(92,334)
(109,443)
Cash held in escrow
(39,709)
(48,571)
Net homebuilding debt
1,200,320
905,593
Total stockholders' equity
2,565,751
2,591,732
Net capital
$
3,766,071
$
3,497,325
Net homebuilding debt to net capital
31.9 %
25.9 %
Contact Information:
Tyler Langton, Senior Vice President of Investor Relations and Finance
303-268-8345
[email protected]
