and two-story floor plans 3 to 5 bed, 2 to 3 bath, and 2-bay garages 1,325 to 2,431 square feet All-electric homes Four model homes for tour Floor plans may feature lofts and/or studies Covered patios, main-floor 9' ceilings, quartz countertops, LG® stainless-steel kitchen appliances, Kohler® brand water fixtures, front yard landscaping, smart home technology and more included Luxury amenities include 73 acres of open space, community parks, a fitness center, a pool, splash pads, plus pickleball and basketb ...

Core Insights - Century Communities, Inc. is launching luxury townhomes at Breakwater Villas in Vilano Beach, St. Augustine, with sales expected to begin in summer 2026, starting from the low $1 million range [1][2]. Group 1: Development Features - The Breakwater Villas will feature upscale interiors, rooftop terraces on select units, and will be within walking distance to the beach [1][5]. - The townhomes will be three stories high, equipped with elevators, and will offer 3 bedrooms, 2.5 to 3 bathrooms, and 2- to 3-bay garages, starting from 2,700 square feet [5]. Group 2: Company Background - Century Communities is recognized as one of the largest homebuilders in the U.S. and has been named one of America's Most Trustworthy Companies by Newsweek for three consecutive years [7]. - The company operates in 16 states and over 45 markets across the U.S., providing a range of services including mortgage, title, insurance brokerage, and escrow services through its subsidiaries [7]. Group 3: Online Homebuying Experience - Century Communities offers an industry-first online homebuying experience, allowing customers to shop for homes and complete purchases electronically [3][6].

Core Insights - Century Communities, Inc. is expanding its presence in North Carolina with the launch of Creekbend, a new community offering homes starting from the $280s, located five miles from downtown Winston-Salem [1][4] - The company is recognized as a leader in online home sales and has been featured in Newsweek's lists of America's and the World's Most Trustworthy Companies [1][8] - Creekbend features two-story floor plans with up to 2,014 square feet, four bedrooms, and desirable amenities such as LG® stainless-steel appliances and quartz countertops [2][5] Company Overview - Century Communities is one of the largest homebuilders in the U.S., operating in 16 states and over 45 markets, and offers a range of services including mortgage and insurance through its subsidiaries [8] - The company aims to provide high-quality homes at affordable prices, with a mission encapsulated in the slogan "A HOME FOR EVERY DREAM®" [8] - Century Communities has received accolades for being one of the best companies to work for, as recognized by U.S. News & World Report for 2025-2026 [8] Product Offering - The homes at Creekbend include features such as open-concept layouts, two-bay garages, and luxury vinyl plank flooring, appealing to a wide range of homebuyers [5][6] - The online homebuying process allows customers to purchase homes 24/7, while also providing in-person assistance from local experts [4][6] - Homebuyers can streamline their purchasing process by financing through Century Complete's affiliate lender, Inspire Home Loans® [6]

Home Deliveries and Construction - As of December 31, 2025, the company delivered 10,792 residential units, including 10,387 new homes, 105 previously leased rental homes, and 300 multi-family units[28]. - Approximately 94% of the 10,387 new homes delivered had purchase prices below the Federal Housing Administration-insured mortgage limits, and about 99% were built as move-in ready homes[20]. - The homebuilding operations are organized into five reportable segments: West, Mountain, Texas, Southeast, and Century Complete[19]. - The homebuilding industry experiences seasonal fluctuations, with the highest new home order activity typically occurring in spring, leading to more home deliveries in the second half of the year[44]. - The majority of cash receipts from home deliveries occur during the second half of the year, influenced by seasonal patterns[324]. Lot Position and Pipeline Management - The company reduced its lot pipeline by terminating certain contracts, resulting in a charge of $11.2 million recorded as other expense[33]. - The owned and under control lot position was 60,916 as of December 31, 2025, with 57.1% owned and 42.9% controlled through option contracts, a decrease from 80,632 as of December 31, 2024[33]. Market Strategy and Operations - The company operates in 16 states and over 45 markets, with a focus on affordable housing options across various buyer segments[24][21]. - The strategy includes maintaining a strong balance sheet, controlling costs, and increasing market share through organic growth and acquisitions[30]. - The company aims to provide strong, risk-adjusted returns on stockholders' equity and inventory while adapting to market changes[29]. - The Century Complete brand primarily targets entry-level homebuyers and aims to offer homes at lower prices than resales and other new home offerings[41]. Financial Services and Borrowings - The Financial Services segment is primarily driven by Inspire, which originates mortgage loans primarily for homebuilding customers, indicating a strong correlation with homebuilding operations[46]. - Inspire sells nearly all originated loans within 30 days, primarily using third-party mortgage repurchase facilities, minimizing the duration of loan ownership[47]. - Borrowings under the Credit Agreement bear interest at a floating rate between 1.45% and 2.30% per annum, based on the company's leverage ratio[317]. - The company has fixed rate debt with an average interest rate of 5.3% and variable rate debt with an average interest rate of 5.5% as of December 31, 2025[320]. Employee and Workplace Safety - The total number of employees as of December 31, 2025, was 1,660, a decrease of approximately 11.4% compared to December 31, 2024[60]. - Employee compensation packages include competitive base pay and performance-based bonuses, aimed at attracting and retaining top talent[62]. - The company has established Century University for employee training, covering various operational and safety topics[63]. - The recordable injury rate for Century's direct employees was 0.68% in 2025, reflecting a commitment to workplace health and safety[69]. Community Engagement and Ethical Standards - The Century Communities Foundation, a nonprofit controlled by employees, supports local initiatives and community engagement[70]. - The company emphasizes ethical standards in vendor partnerships, expecting compliance with laws and workplace policies[66]. Economic and Regulatory Environment - The company faces competition in the homebuilding industry characterized by low barriers to entry, impacting land acquisition and pricing strategies[54]. - The company is subject to various local, state, and federal regulations that can impose costs and delays in homebuilding projects[48]. - Inflation has adversely impacted homebuilding operations, leading to higher costs and potentially weakened demand for homes[321].

分组1 - Century Communities reported quarterly earnings of $1.59 per share, exceeding the Zacks Consensus Estimate of $1.39 per share, but down from $3.49 per share a year ago, representing an earnings surprise of +14.80% [1] - The company achieved revenues of $1.23 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 15.63%, although this is a decrease from year-ago revenues of $1.27 billion [2] - Over the last four quarters, Century Communities has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] 分组2 - The stock has increased approximately 6.9% since the beginning of the year, outperforming the S&P 500's gain of 1.9% [3] - The current consensus EPS estimate for the upcoming quarter is $1.34 on revenues of $935.49 million, and for the current fiscal year, it is $7.57 on revenues of $4.23 billion [7] - The Zacks Industry Rank for Building Products - Home Builders is currently in the bottom 2% of over 250 Zacks industries, indicating potential challenges for the sector [8]

Financial Data and Key Metrics Changes - The company delivered 3,435 residential units in Q4 2025, exceeding guidance, with a total of 10,792 units delivered for the full year [4] - Net income for Q4 was $36 million, or $1.21 per diluted share, with adjusted net income at $47 million, or $1.59 per diluted share [19] - Home sales revenues for Q4 reached $1.1 billion, up 16% sequentially, while average sales price decreased by 5% to $367,000 [19][20] - The company reduced net leverage to 26% and generated cash flow from operations of over $150 million [5] Business Line Data and Key Metrics Changes - The Century Living segment contributed to revenues with the sale of a 300-unit multifamily community for $97 million [20] - The company achieved a record net new contracts of 2,702 homes in Q4, a 10% increase year-over-year and a 13% increase sequentially [9] - Direct construction costs decreased by an average of $13,000 per home, and cycle times improved to a record 114 calendar days [6][12] Market Data and Key Metrics Changes - The mortgage capture rate was 84% for both Q4 and the full year, representing records for the company [22] - Adjustable rate mortgages accounted for approximately 25% of originated mortgages in Q4, up from nearly 20% in Q3 [11] Company Strategy and Development Direction - The company plans to grow deliveries by 10% annually in 2026 and 2027 based on existing lot counts, assuming improved market conditions [6][15] - A disciplined approach will be maintained in slower market conditions, focusing on flexibility in land acquisition and development [7][15] - The company aims to deepen its market share in existing markets to drive improved margins and returns [17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the spring selling season, noting improved order activity and potential consumer interest [28][30] - The company remains cautious, acknowledging that previous expectations for strong sales did not materialize last year [28][52] - Management highlighted the importance of external factors such as interest rate relief and consumer confidence in driving demand [7] Other Important Information - The company repurchased over 7% of its shares outstanding at the beginning of the year and returned a record $178 million to shareholders through dividends and share repurchases [5][23] - The average community count increased by 13% to 318 communities, with expectations for low- to mid-single-digit percentage growth in 2026 [12][14] Q&A Session Summary Question: Insights on the spring selling season and consumer behavior - Management noted that while January sales pace has been slower, order activity has improved sequentially, and there is hope for a better spring selling season [27][28] Question: Expectations for gross margin in the upcoming quarter - Management indicated that gross margins may see a slight pullback due to incentives but expect a more balanced approach moving forward [39] Question: Geographic performance trends - Management did not identify specific regions outperforming others but noted increased traffic driven by mortgage rate trends [40] Question: Remaining stock repurchase authorization - Approximately 1.5 million shares remain under the stock repurchase program [42] Question: Factors influencing SG&A as a percentage of sales - Management explained that Q1 is typically the lowest closing quarter, contributing to a higher percentage of SG&A [49] Question: Confidence in dialing back incentives - Management expressed caution, indicating that they will need to monitor market conditions closely before adjusting incentives [52]

Financial Data and Key Metrics Changes - The company delivered 3,435 residential units in Q4 2025, exceeding guidance, with a total of 10,792 units delivered for the full year [4] - Net income for Q4 was $36 million, or $1.21 per diluted share, with adjusted net income at $47 million, or $1.59 per diluted share [19] - Home sales revenues for Q4 reached $1.1 billion, up 16% sequentially, while average sales price decreased by 5% to $367,000 [19] Business Line Data and Key Metrics Changes - The Century Living segment contributed to revenues with the sale of a 300-unit multifamily community for $97 million [20] - The company repurchased over 7% of its shares outstanding at the beginning of the year, totaling 2.3 million shares for $178 million [5][25] Market Data and Key Metrics Changes - The average community count increased by 13% to 318 communities in 2025, with expectations for low- to mid-single-digit percentage growth in 2026 [12][14] - The mortgage capture rate was 84% for both Q4 2025 and the full year, representing records for the company [23] Company Strategy and Development Direction - The company plans to maintain a disciplined approach to growth, focusing on existing lot counts and not expanding for the sake of growth alone [7] - The land acquisition and development expense is expected to remain flat in 2026, with the ability to adjust based on market conditions [15][16] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the spring selling season, noting improved order activity and potential consumer interest [29][31] - The company anticipates that any interest rate relief or governmental support for homebuyers could unlock buyer demand [7] Other Important Information - The company maintained a quarterly cash dividend of $0.29 per share and ended the year with $2.6 billion in stockholders' equity [24] - The company achieved a record book value per share of $89 at the end of Q4 2025 [5][25] Q&A Session Summary Question: Insights on the spring selling season - Management noted that while January sales pace has been slower compared to the previous year, order activity has improved sequentially, and they are hopeful for a better spring selling season [29][30] Question: Expectations for gross margin - Management indicated that gross margins may see a slight pullback due to incentives but expect to revert to a more balanced approach in the future [41][42] Question: Community count growth - Management expects community count to grow steadily throughout the year, particularly in the middle and back half of the year [33] Question: Stock repurchase authorization - Approximately 1.5 million shares remain under the stock repurchase program [45] Question: SG&A as a percentage of sales - SG&A is expected to be 14.5% in Q1 2026, higher than previous levels due to typical seasonal trends [51][52]

Century Communities (NYSE:CCS) Q4 2025 Earnings call January 28, 2026 05:00 PM ET Speaker6Welcome to the Century Communities fourth quarter and full year 2025 earnings conference call. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. Please note that this conference call is being recorded. I will now turn the conference over t ...

INVESTOR PRESENTATION JANUARY 2026 FORWARD-LOOKING STATEMENTS Certain statements in this Investor Presentation are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements often discuss our plans, strategies, intentions, markets, beliefs, forecasts and guidance, and may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as "expects," "may," "will," "believes," ...

Financial Performance - Fourth quarter total revenues reached $1.2 billion, with home sales revenues totaling $1.1 billion[6] - Fourth quarter net income was $36.0 million, or $1.21 per diluted share, while adjusted net income was $47.1 million, or $1.59 per diluted share[6] - Full year 2025 total revenues amounted to $4.1 billion, with home sales revenues of $3.9 billion[10] - Full year 2025 net income was $147.6 million, or $4.86 per diluted share, with adjusted net income of $181.7 million, or $5.99 per diluted share[10] - Adjusted net income for Q4 2025 was $47,101, compared to $113,596 in Q4 2024, a decrease of 58.6%[35] - Adjusted diluted earnings per share (EPS) for Q4 2025 was $1.59, down from $3.54 in Q4 2024, a decline of 55.1%[35] - The company reported a net income of $35,956 for Q4 2025, compared to $102,741 in Q4 2024, a decrease of 65.0%[35] - Net income for Q4 2025 was $35,956, a decline of 65.0% compared to $102,741 in Q4 2024[42] - EBITDA for Q4 2025 decreased by 52.6% to $75,884 from $160,174 in Q4 2024[42] - Adjusted EBITDA for Q4 2025 was $97,352, down 47.2% from $184,502 in Q4 2024[42] Home Sales and Deliveries - Total residential units delivered in the fourth quarter were 3,435, including 3,030 new homes[4] - The average sales price of new home deliveries for the fourth quarter was $366,700, while for the full year it was $378,000[6][10] - Total new home contracts for 2025 were 10,326, a decrease of 3.3% from 10,676 in 2024[27] - Average sales price for homes delivered in 2025 was $378.0 thousand, down 3.3% from $390.9 thousand in 2024[27] - The number of new home deliveries in Q4 2025 was 3,030, down 5.3% from 3,198 in Q4 2024[27] - Home sales revenues for Q4 2025 were $1,111,045, a decrease of 10.9% from $1,246,697 in Q4 2024[39] Inventory and Assets - Lot inventory decreased from 80,632 in 2024 to 60,916 in 2025, a decline of 24.5%[31] - Backlog of homes as of December 31, 2025, was valued at $283,725 thousand, a decrease of 19.2% from $351,162 thousand in 2024[30] - Total assets decreased from $4,532,472 in 2024 to $4,459,895 in 2025, a decline of 1.6%[25] - Total liabilities decreased from $1,911,616 in 2024 to $1,868,163 in 2025, a decline of 2.3%[25] Shareholder Returns and Equity - The company repurchased 333,881 shares of common stock for $20.0 million in the fourth quarter and 2,267,723 shares for $143.6 million over the full year, returning a record $178 million to stockholders[14] - As of December 31, 2025, the company had a book value per share of $89.21, a company record[13] - The company reported a total stockholders' equity of $2,591,732 in 2025, slightly down from $2,620,856 in 2024[47] Margins and Debt - Homebuilding gross margin for the fourth quarter was 15.4%, with an adjusted gross margin of 18.3%[8] - Adjusted homebuilding gross margin excluding inventory impairment for Q4 2025 was $182,415, representing 16.4%, down from 21.2% in Q4 2024[39] - The adjusted homebuilding gross margin excluding interest, inventory impairment, and purchase price for 2025 was $781,661, or 19.9%, compared to 23.3% in 2024[39] - Total homebuilding debt decreased to $1,063,607 in 2025 from $1,140,973 in 2024[47] - The ratio of net homebuilding debt to net capital improved to 25.9% in 2025 from 27.4% in 2024[47] - Inventory impairment increased by 59.0% in Q4 2025 to $10,865 compared to $6,835 in Q4 2024[42]