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Century Communities Recognized as One of Newsweek's Most Trustworthy Homebuilders for Third Year Running
Prnewswire· 2025-04-24 18:28
GREENWOOD VILLAGE, Colo., April 24, 2025 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), one of the nation's largest homebuilders and an industry leader in online home sales, has been recognized as one of the highest-ranked homebuilders on Newsweek's list of America's Most Trustworthy Companies for the third consecutive year. This prestigious list, presented by Newsweek in collaboration with Statista—a leading statistics portal and industry ranking provider—is now available on Newsweek's website. ...
Is the Options Market Predicting a Spike in Century Communities Stock?
ZACKS· 2025-04-24 15:25
Investors in Century Communities, Inc. (CCS) need to pay close attention to the stock based on moves in the options market lately. That is because the Jun 20, 2025 $130.00 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It c ...
Century Communities (CCS) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKS· 2025-04-24 00:05
Century Communities (CCS) reported $903.23 million in revenue for the quarter ended March 2025, representing a year-over-year decline of 4.8%. EPS of $1.36 for the same period compares to $2.22 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $933.12 million, representing a surprise of -3.20%. The company delivered an EPS surprise of -21.84%, with the consensus EPS estimate being $1.74.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...
Century munities(CCS) - 2025 Q1 - Quarterly Report
2025-04-23 23:16
Financial Performance - For the three months ended March 31, 2025, total revenues were $903.2 million, a decrease of 4.8% from $948.5 million in the prior year period[100]. - Income before income tax expense for the three months ended March 31, 2025, was $52.5 million, down from $84.3 million in the prior year period, while net income was $39.4 million, or $1.26 per diluted share, compared to $64.3 million, or $2.00 per diluted share[99]. - Net income for the three months ended March 31, 2025, was $39,384,000, down $24,948,000 or 38.8% from $64,332,000 in 2024[1]. - Adjusted EBITDA for the three months ended March 31, 2025, was $76,337,000, a decrease of $33,279,000 or 30.4% from $109,616,000 in 2024[1]. - EBITDA for the three months ended March 31, 2025, was $72.5 million, a decrease of 27.7% from $100.3 million in the same period of 2024[172]. - Adjusted net income for the three months ended March 31, 2025, was $42.2 million, down from $71.4 million in the prior year[176]. - Adjusted diluted earnings per share decreased to $1.36 for the three months ended March 31, 2025, compared to $2.22 in 2024[176]. Home Deliveries and Sales - The company delivered 2,284 homes with an average sales price of $386.9 thousand, compared to 2,358 homes at an average sales price of $391.2 thousand in the prior year, reflecting a 3.1% decrease in deliveries and a 1.1% decrease in average sales price[100]. - Net new home contracts decreased by 6.1% to 2,692 for the three months ended March 31, 2025, compared to the prior year period[100]. - The number of homes delivered decreased by 74 units, or 3.1%, from 2,358 in 2024 to 2,284 in 2025[1]. - Backlog at the end of the period decreased by 332 homes, or 20.9%, from 1,590 in 2024 to 1,258 in 2025[1]. - Average monthly absorption rate decreased by 24.3% to 2.8 in Q1 2025 from 3.7 in Q1 2024[129]. Financial Services - The Financial Services segment generated income before income tax expense of $2.4 million, a 76.5% decrease from the prior year period, driven by lower margins on mortgages originated[102]. - Financial services revenues decreased by $6,391,000 or 25.6%, from $24,925,000 in 2024 to $18,534,000 in 2025[1]. - Total loan originations decreased by 2.6% to 1,467 loans in Q1 2025, with principal amounting to $512.6 million, down from $540.2 million in Q1 2024[115]. Cash and Debt Management - The company ended the first quarter of 2025 with $100.3 million in cash and cash equivalents and $24.2 million in cash held in escrow, with a homebuilding debt to capital ratio of 32.4%[101]. - The total outstanding debt as of March 31, 2025, was $1.557 billion, an increase from $1.476 billion as of December 31, 2024[153]. - The company had $237.0 million outstanding under its revolving line of credit as of March 31, 2025, up from $135.5 million as of December 31, 2024[144]. - The company had $204.3 million outstanding under mortgage repurchase facilities as of March 31, 2025, with a weighted average interest rate of 6.0%[164]. - The company had $118.1 million outstanding under construction loan agreements, with a weighted average interest rate of 6.6%[159]. - The ratio of net homebuilding debt to net capital increased to 30.1% as of March 31, 2025, compared to 27.4% as of December 31, 2024[174]. Market Conditions - Market conditions have been impacted by elevated mortgage rates and macro-economic uncertainties, leading to a slowdown in demand for homes[94]. - The company continues to focus on affordable housing options, with approximately 94% of homes delivered priced below Federal Housing Administration-insured mortgage limits[93]. Shareholder Returns - Quarterly cash dividends paid to stockholders increased by 12% to $0.29 per share from $0.26 per share in the prior year[101]. - Cash dividends declared for the three months ended March 31, 2025, were $0.29 per share, totaling $8.9 million, compared to $0.26 per share totaling $8.3 million for the same period in 2024[168]. - The company repurchased 753.3 thousand shares for approximately $55.6 million during the three months ended March 31, 2025, at a weighted average price of $73.76 per share[166]. Operational Metrics - Selling, general and administrative expenses increased by $6.7 million, or 5.8%, to $120.8 million in Q1 2025 compared to Q1 2024[123]. - Selling communities increased by 65 to 318 as of March 31, 2025, representing a 25.7% increase from 253 in the prior year[130]. - The total owned and controlled lot inventory increased by 3,925 lots, or 5.2%, from 75,089 in 2024 to 79,014 in 2025[1]. - The company maintained a lot pipeline of 79,014 lots owned and controlled as of March 31, 2025[101].
Century munities(CCS) - 2025 Q1 - Quarterly Results
2025-04-23 20:15
Century Communities Reports First Quarter 2025 Results - Community Count Increased 26% YoY to 318 - Greenwood Village, Colorado (April 23, 2025) – Century Communities, Inc. (NYSE: CCS), one of the nation's largest homebuilders, today announced financial results for its first quarter ended March 31, 2025. First Quarter 2025 Highlights - Deliveries of 2,284 Homes Generating $903.2 Million in Total Revenues - - Net New Home Contracts of 2,692 - - Net Income of $39.4 Million, or $1.26 Per Diluted Share - - Adju ...
Century Communities Reports First Quarter 2025 Results
Prnewswire· 2025-04-23 20:05
- Deliveries of 2,284 Homes Generating $903.2 Million in Total Revenues -- Net New Home Contracts of 2,692 -- Net Income of $39.4 Million, or $1.26 Per Diluted Share -- Adjusted Net Income of $42.2 Million, or $1.36 Per Diluted Share –- Community Count Increased 26% YoY to 318 -GREENWOOD VILLAGE, Colo., April 23, 2025 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), one of the nation's largest homebuilders, today announced financial results for its first quarter ended March 31, 2025.First Quarter 2025 ...
Century Communities Announces April Grand Opening for New Townhomes in Riverside, CA
Prnewswire· 2025-04-22 15:46
Starting from the $500s, Emberwood offers modern two-story townhomes with designer finishesRIVERSIDE, Calif., April 22, 2025 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—a top national homebuilder, industry leader in online home sales, and featured on America's Most Trustworthy Companies and World's Most Trustworthy Companies by Newsweek—is excited to announce the upcoming Grand Opening of Emberwood, its new townhome community in Riverside, California. New homes are the community are already sellin ...
Century Complete Announces New Homes Coming Soon to Sahuarita, AZ
Prnewswire· 2025-04-21 16:34
Single-family homes at award-winning development with resort-style amenities SAHUARITA, Ariz., April 21, 2025 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—a top national homebuilder, industry leader in online home sales, and featured among America's Most Trustworthy Companies and World's Most Trustworthy Companies by Newsweek—is excited to announce that Entrada Del Toro, a new community from the company's Century Complete brand and part of the award-winning Rancho Sahuarita planned community, is co ...
Earnings Preview: Century Communities (CCS) Q1 Earnings Expected to Decline
ZACKS· 2025-04-16 15:07
The market expects Century Communities (CCS) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be rele ...
Century Communities Sets April Grand Opening for El Monte, CA Townhomes
Prnewswire· 2025-04-03 15:39
Located 12 miles from Los Angeles, Brookhaven offers two- to three-story townhomes & community amenitiesEL MONTE, Calif., April 3, 2025 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—a top national homebuilder, industry leader in online home sales, and featured on America's Most Trustworthy Companies and World's Most Trustworthy Companies by Newsweek—revealed that Brookhaven, the company's anticipated townhome community in El Monte, CA, is now selling from the $700s. Townhome Exterior Rendering | ...