[Financial and Operational Highlights](index=1&type=section&id=Financial_and_Operational_Highlights) [Q4 2024 Highlights](index=1&type=section&id=Q4_2024_Highlights) Record Q4 2024 deliveries and $1.3 billion revenues drove net income to $102.7 million (+13%) and adjusted net income to $112.0 million (+18%) | Metric | Q4 2024 | YoY Change | | :--- | :--- | :--- | | Net Income | $102.7 million | +13% | | Adjusted Net Income | $112.0 million | +18% | | Diluted EPS | $3.20 | +13% | | Adjusted Diluted EPS | $3.49 | +19% | | Total Revenues | $1.3 billion (Record) | +5.6% | | Home Deliveries | 3,198 homes (Record) | +1.3% | - The company achieved a record community count of **322**[3](index=3&type=chunk) [Full Year 2024 Highlights](index=1&type=section&id=Full_Year_2024_Highlights) Full year 2024 achieved record 11,007 home deliveries (+15%) and 21% growth in net new contracts, with book value per share rising 13% to a record $84.65 | Metric | Full Year 2024 | YoY Change | | :--- | :--- | :--- | | Home Deliveries | 11,007 homes (Record) | +15% | | Net New Home Contracts | 10,676 | +21% | | Book Value per Share | $84.65 (Record) | +13% | | Community Count | 322 (Record) | +28% | | Net Income | $333.8 million | +28.8% | | Adjusted Net Income | $355.1 million | +36.3% | - The company completed the strategic acquisitions of Landmark Homes of Tennessee and Anglia Homes during the year[3](index=3&type=chunk) [Executive Commentary](index=1&type=section&id=Executive_Commentary) Executives highlighted record-setting deliveries and a 21% increase in net new home contracts for 2024, attributing improved margins to direct cost controls and better fixed cost leverage, while noting a strong balance sheet with $2.6 billion in equity and $918 million in liquidity, supporting growth and share repurchases - Management emphasized that direct cost controls and improved fixed cost leverage led to an **80 basis point increase** in full-year adjusted gross margin to **23.3%**[2](index=2&type=chunk) - The company's total lot inventory increased by **9% YoY to 80,632**, with controlled lots making up **56%** of the total, indicating a strategic approach to land management[2](index=2&type=chunk) - The balance sheet is strong with **$2.6 billion** of stockholders' equity and **$918 million** of liquidity, allowing for the repurchase of over **3%** of outstanding shares in 2024[4](index=4&type=chunk) [Detailed Financial Results](index=2&type=section&id=Detailed_Financial_Results) [Fourth Quarter 2024 Results](index=2&type=section&id=Fourth_Quarter_2024_Results) Q4 2024 total revenues reached a record $1.3 billion from 3,198 deliveries, with net income of $102.7 million ($3.20 diluted EPS), adjusted gross margin of 22.9%, and SG&A at 11.5% | Metric | Q4 2024 Value | | :--- | :--- | | Total Revenues | $1.3 billion | | Home Sales Revenues | $1.2 billion | | Home Deliveries | 3,198 | | Average Sales Price (ASP) | $389,800 | | Net Income | $102.7 million | | Diluted EPS | $3.20 | | Adjusted Homebuilding Gross Margin | 22.9% | | SG&A as % of Home Sales Revenues | 11.5% | [Full Year 2024 Results](index=2&type=section&id=Full_Year_2024_Results) Full year 2024 generated $4.4 billion in total revenues and $333.8 million net income ($10.40 diluted EPS), with record 11,007 home deliveries and an adjusted homebuilding gross margin of 23.3% | Metric | Full Year 2024 Value | | :--- | :--- | | Total Revenues | $4.4 billion | | Home Sales Revenues | $4.3 billion | | Home Deliveries | 11,007 | | Average Sales Price (ASP) | $390,900 | | Net Income | $333.8 million | | Diluted EPS | $10.40 | | Adjusted Homebuilding Gross Margin | 23.3% | | SG&A as % of Home Sales Revenues | 12.0% | [Financial Services Performance](index=2&type=section&id=Financial_Services_Performance) The financial services segment contributed $26.2 million in Q4 2024 revenues ($7.9 million pre-tax income) and $92.9 million in full year revenues ($26.7 million pre-tax income) | Period | Revenues | Pre-Tax Income | | :--- | :--- | :--- | | Q4 2024 | $26.2 million | $7.9 million | | Full Year 2024 | $92.9 million | $26.7 million | [Balance Sheet and Liquidity](index=2&type=section&id=Balance_Sheet_and_Liquidity) [Financial Position](index=2&type=section&id=Financial_Position) Q4 2024 ended with a strong balance sheet, including $2.6 billion stockholders' equity and $917.5 million liquidity, supported by an increased $900.0 million credit facility extended to November 2028 - Ended Q4 2024 with **$2.6 billion** of stockholders' equity[11](index=11&type=chunk) - Total liquidity stood at **$917.5 million**, including **$153.0 million** of cash[11](index=11&type=chunk) - Increased the capacity of the senior unsecured credit facility to **$900.0 million** and extended the maturity to **November 2028**[11](index=11&type=chunk) [Capital Return and Leverage](index=3&type=section&id=Capital_Return_and_Leverage) In 2024, the company repurchased 1,027,702 shares for $83.8 million and paid $1.04 per share in dividends, while leverage improved sequentially to 27.4% net homebuilding debt to net capital at year-end - For the full year 2024, the company repurchased **1,027,702 shares** of common stock for **$83.8 million**, representing over **3%** of shares outstanding at the beginning of the year[12](index=12&type=chunk) - Paid a quarterly cash dividend of **$0.26 per share**, totaling **$1.04 per share** for the full year 2024[12](index=12&type=chunk) | Leverage Ratio | Dec 31, 2024 | Sep 30, 2024 | | :--- | :--- | :--- | | Homebuilding debt to capital | 30.3% | 35.8% | | Net homebuilding debt to net capital | 27.4% | 32.1% | [Business Outlook](index=3&type=section&id=Business_Outlook) [Full Year 2025 Outlook](index=3&type=section&id=Full_Year_2025_Outlook) The company projects 2025 home deliveries between 11,700 and 12,400 homes and home sales revenues between $4.5 billion and $4.8 billion, driven by expanded lot and community counts | 2025 Guidance | Range | | :--- | :--- | | Home Deliveries | 11,700 - 12,400 homes | | Home Sales Revenues | $4.5 - $4.8 billion | [Detailed Financial Statements](index=5&type=section&id=Detailed_Financial_Statements) [Consolidated Statements of Operations](index=5&type=section&id=Consolidated_Statements_of_Operations) The income statement shows total revenues increasing from $3.69 billion in 2023 to $4.40 billion in 2024, with net income growing from $259.2 million to $333.8 million and diluted EPS rising from $8.05 to $10.40 | (in thousands) | Year Ended Dec 31, 2024 | Year Ended Dec 31, 2023 | | :--- | :--- | :--- | | Total Revenues | $4,398,288 | $3,692,185 | | Income before income tax | $440,060 | $350,830 | | Net Income | $333,816 | $259,224 | | Diluted EPS | $10.40 | $8.05 | [Consolidated Balance Sheets](index=6&type=section&id=Consolidated_Balance_Sheets) As of December 31, 2024, the balance sheet shows total assets of $4.53 billion (up from $4.14 billion in 2023) and total stockholders' equity of $2.62 billion (up from $2.39 billion), reflecting strong earnings retention | (in thousands) | Dec 31, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | Cash and cash equivalents | $149,998 | $226,150 | | Inventories | $3,454,337 | $3,016,641 | | Total Assets | $4,532,472 | $4,139,362 | | Total Liabilities | $1,911,616 | $1,752,426 | | Total Stockholders' Equity | $2,620,856 | $2,386,936 | [Homebuilding Operational Data](index=7&type=section&id=Homebuilding_Operational_Data) [Net New Home Contracts](index=7&type=section&id=Net_New_Home_Contracts) Full year 2024 net new home contracts increased 20.9% YoY to 10,676, with strong regional growth, while Q4 2024 contracts rose 5.4% YoY to 2,467, led by a 32.0% increase in Texas | Region | FY 2024 Contracts | YoY Change | | :--- | :--- | :--- | | West | 1,490 | +28.6% | | Mountain | 2,005 | +24.2% | | Texas | 1,987 | +21.9% | | Southeast | 1,619 | +24.9% | | Century Complete | 3,575 | +14.3% | | **Total** | **10,676** | **+20.9%** | [Home Deliveries](index=7&type=section&id=Home_Deliveries) Full year 2024 home deliveries reached a record 11,007 (+15.0%), with the total weighted average sales price increasing 3.8% to $390,900, and the West region showing the largest ASP growth | Region | FY 2024 Deliveries | YoY Change | | :--- | :--- | :--- | | West | 1,437 | +26.8% | | Mountain | 2,019 | +6.7% | | Texas | 2,077 | +28.4% | | Southeast | 1,654 | +20.7% | | Century Complete | 3,820 | +7.4% | | **Total** | **11,007** | **+15.0%** | [Selling Communities](index=8&type=section&id=Selling_Communities) The company expanded its total selling communities by 28.3% YoY to a record 322 as of December 31, 2024, with Texas (+81.4%) and Southeast (+55.6%) showing the largest percentage increases | Region | Communities at 12/31/24 | YoY Change | | :--- | :--- | :--- | | Texas | 78 | +81.4% | | Southeast | 42 | +55.6% | | Century Complete | 123 | +19.4% | | West | 30 | +11.1% | | Mountain | 49 | -3.9% | | **Total** | **322** | **+28.3%** | [Backlog](index=8&type=section&id=Backlog) Year-end 2024 backlog stood at 850 homes ($351.2 million), representing a 20.6% decrease in homes and 12.4% decrease in dollar value YoY, despite a 10.3% increase in average sales price to $413,100 | Metric | As of Dec 31, 2024 | YoY Change | | :--- | :--- | :--- | | Homes in Backlog | 850 | -20.6% | | Backlog Dollar Value | $351.2 million | -12.4% | | Average Sales Price | $413,100 | +10.3% | [Lot Inventory](index=8&type=section&id=Lot_Inventory) Total lot inventory grew 9.4% YoY to 80,632 lots, with controlled lots comprising 55.7% of the total, indicating a continued strategic approach to land acquisition | Lot Type | As of Dec 31, 2024 | YoY Change | | :--- | :--- | :--- | | Owned Lots | 35,756 | +16.8% | | Controlled Lots | 44,876 | +4.1% | | **Total Lots** | **80,632** | **+9.4%** | - The percentage of controlled lots was **55.7%** of the total lot inventory at the end of 2024[28](index=28&type=chunk) [Reconciliation of Non-GAAP Financial Measures](index=9&type=section&id=Reconciliation_of_Non-GAAP_Financial_Measures) [Adjusted Net Income and Adjusted EPS](index=9&type=section&id=Adjusted_Net_Income_and_Adjusted_EPS) The company reconciles GAAP Net Income to Adjusted Net Income, which excludes specific items, showing FY 2024 Adjusted Net Income at $355.1 million ($11.06 diluted EPS) versus GAAP Net Income of $333.8 million ($10.40 diluted EPS) | (in thousands) | Full Year 2024 | Full Year 2023 | | :--- | :--- | :--- | | Net Income (GAAP) | $333,816 | $259,224 | | Adjustments (Impairment, etc.) | $28,123 | $1,877 | | Adjusted Net Income (Non-GAAP) | $355,149 | $260,611 | | Diluted EPS (GAAP) | $10.40 | $8.05 | | Adjusted Diluted EPS (Non-GAAP) | $11.06 | $8.09 | [Adjusted Homebuilding Gross Margin](index=10&type=section&id=Adjusted_Homebuilding_Gross_Margin) This section reconciles GAAP homebuilding gross margin to the adjusted figure, showing FY 2024 adjusted margin at 23.3%, an 80 basis point improvement from 2023, compared to the GAAP margin of 21.5% | (in thousands) | Full Year 2024 | % of Revenue | | :--- | :--- | :--- | | Homebuilding Gross Margin (GAAP) | $924,729 | 21.5% | | Add: Inventory Impairment | $8,778 | 0.2% | | Add: Interest in cost of sales | $60,286 | 1.4% | | Add: Purchase price accounting | $9,443 | 0.2% | | Adjusted Gross Margin (Non-GAAP) | $1,003,236 | 23.3% | [EBITDA and Adjusted EBITDA](index=11&type=section&id=EBITDA_and_Adjusted_EBITDA) This section reconciles Net Income to EBITDA and Adjusted EBITDA, with FY 2024 Adjusted EBITDA reaching $550.0 million, a 35.1% increase YoY after specific adjustments | (in thousands) | Full Year 2024 | Full Year 2023 | YoY Change | | :--- | :--- | :--- | :--- | | Net Income | $333,816 | $259,224 | +28.8% | | EBITDA | $521,899 | $405,309 | +28.8% | | Adjusted EBITDA | $550,022 | $407,186 | +35.1% | [Ratio of Net Homebuilding Debt to Net Capital](index=12&type=section&id=Ratio_of_Net_Homebuilding_Debt_to_Net_Capital) The company's net leverage ratio, net homebuilding debt to net capital, was 27.4% as of December 31, 2024, an increase from 22.4% in 2023, reflecting higher debt to support growth | (in thousands) | Dec 31, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | Total Homebuilding Debt | $1,140,973 | $1,017,576 | | Less: Cash | ($153,002) | ($327,995) | | Net Homebuilding Debt | $987,971 | $689,581 | | Total Stockholders' Equity | $2,620,856 | $2,386,936 | | **Net Debt to Net Capital** | **27.4%** | **22.4%** |

Core Insights - Century Communities, Inc. reported a record fourth quarter with home deliveries of 3,198 homes, a 13% sequential increase, and a full year delivery of 11,007 homes, marking a 15% increase year-over-year [4][10] - The company achieved a net income of $102.7 million for Q4 2024, representing a 13% increase year-over-year, and a full year net income of $333.8 million, up 28.8% from the previous year [5][11] - The outlook for 2025 anticipates home deliveries between 11,700 and 12,400 homes, with expected home sales revenues ranging from $4.5 billion to $4.8 billion [4][17] Fourth Quarter 2024 Highlights - Total revenues for Q4 2024 reached $1.3 billion, with home sales revenues of $1.2 billion [5][10] - Adjusted net income for Q4 was $112.0 million, an 18% increase year-over-year, translating to $3.49 per diluted share [5][10] - The average sales price of home deliveries in Q4 was $389,800 [5][10] Full Year 2024 Highlights - Full year total revenues were $4.4 billion, with home sales revenues of $4.3 billion [11][12] - The adjusted homebuilding gross margin for the year was 23.3%, an increase of 80 basis points from the previous year [4][12] - The company repurchased over 1 million shares of common stock, representing more than 3% of shares outstanding at the beginning of the year [4][15] Financial Position - As of December 31, 2024, the company had $2.6 billion in stockholders' equity and $918 million in liquidity [4][14] - The ratio of net homebuilding debt to net capital improved to 27.4% from 32.1% at the end of Q3 2024 [16][37] - The company maintained a quarterly cash dividend of $0.26 per share [15] Operational Data - The total lot inventory increased by 9% year-over-year to 80,632 lots, with controlled lots making up 56% of the total [4][10] - The community count grew by 28% year-over-year to a record 322 communities [4][10] - Net new home contracts for the full year totaled 10,676, reflecting a 21% increase year-over-year [11][12]

Affordable single-story living just minutes from the coastPENSACOLA, Fla., Jan. 27, 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 its Century Complete brand is now selling cottage-style homes in Pensacola, FL. Lanier Floor Plan | New Homes in Pensacola, FL by Century Complete Carolina Floor Plan | New Homes ...

Core Insights - Century Communities, Inc. is launching a new community called Uplands in Puyallup, Washington, with a Grand Opening event scheduled for January 25, 2025, featuring the debut of the Asher model home [1][2][3] Company Overview - Century Communities is recognized as one of the largest homebuilders in the U.S. and is a leader in online home sales, having been ranked on Newsweek's lists of America's and the World's Most Trustworthy Companies for 2024 [5][8] - The company operates in 17 states and over 45 markets across the U.S., providing a range of services including title, insurance, and lending through its subsidiaries [8] Product Offering - The Uplands community will feature two-story single-family homes ranging from 3 to 5 bedrooms and 2.25 to 2.75 bathrooms, with sizes up to 2,741 square feet [6] - Homes will include luxury features such as gourmet kitchens with quartz countertops, primary suites with walk-in closets, and landscaped yards [6] Community Amenities - Uplands will offer resort-style amenities including a clubhouse with views of Mt. Rainier, a fitness center, a pool and spa, pickleball courts, parks, and urban trails [6] Pricing Information - Homes in the Uplands community are expected to start from the mid $600,000s [3]

Community and Location - The community offers more than 180 homesites in a fast-growing area near Denver, DIA, I-70, and E-470 [1] - The location is in Commerce City, CO, with the address at 9471 Biscay Court, Commerce City, CO 80022 [2] - The community is minutes away from shopping, dining, and outdoor recreation opportunities, including golfing, open space, and the Rocky Mountain Arsenal National Wildlife Refuge [6] Home Features - The homes are two-story single-family homes with 3 to 4 bedrooms, 2.5 bathrooms, and 2-bay garages [6] - The homes range from 1,497 to 2,239 square feet with open-concept layouts, spacious kitchens, versatile lofts, and studies [6] Online Homebuying Experience - The company offers an industry-first online homebuying experience for all available homes in Colorado [2] - The online homebuying process includes shopping homes on the website, clicking "Buy Now," filling out a quick Buy Online form, submitting an initial earnest money deposit electronically, and signing a purchase contract via DocuSign® [7] Company Overview - Century Communities, Inc (NYSE: CCS) is one of the nation's largest homebuilders and an industry leader in online home sales [4] - The company operates in 17 states and over 45 markets across the US, offering title, insurance, and lending services through its subsidiaries Parkway Title, IHL Home Insurance Agency, and Inspire Home Loans [4] - Century Communities is the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2024 and the World's Most Trustworthy Companies 2024 [4] Events and Marketing - The company is hosting a Grand Opening event on January 25 from 11 a.m. to 3 p.m., featuring model home tours, refreshments, and a gift card drawing [1] - Homebuyers and real estate agents are invited to tour the community's new Ponderosa model home [1]

Champions Run will offer single-family homes from the national leader in online homebuyingMEMPHIS, Ind., Jan. 15, 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—announced that its Century Complete brand will open soon at Champions Run, the company's first community in Memphis, Indiana. Gardner Floor Plan | New Homes in Memph ...

Group 1 - Century Communities, Inc. has experienced a significant decline in share price, dropping by 32.1% since late September 2024 [1] - The company's performance has been notably worse compared to broader market trends [1] Group 2 - The focus of Crude Value Insights is on cash flow and identifying companies in the oil and natural gas sector that demonstrate value and growth potential [1]

Affordable coastal living near top beach destinationsSUPPLY, N.C., Dec. 30, 2024 /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 that new homes are now selling from the company's Century Complete brand at Hewett Place, an exceptional new community in Supply, North Carolina. Offering affordably priced single-fam ...

"Whether you're looking for best-in-class new homes, a beautiful coastal setting near the beach or great amenities, Reserve East has it all," said Ryan Houck, Jacksonville Division President. "With two home collections opening soon, we're so excited to help buyers find their dream home at this stunning location." Learn more and join the interest list at www.CenturyCommunities.com/ReserveEast. MORE ABOUT RESERVE EAST:Coming soon from the $400s  217 homesites Single- and two-story floor plans 3 to 5 bedrooms, ...

GREENWOOD VILLAGE, Colo., Dec. 18, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), a leading national homebuilder, today announced that the Company will release its fourth quarter and full year 2024 financial results after the market closes on Wednesday, January 29, 2025. A conference call will be held that same day at 5:00 p.m. Eastern time, 3:00 p.m. Mountain time, to review the Company's fourth quarter and full year results, discuss recent events and conduct a question-and-answer session.Webc ...