(Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-36491 Century Communities, Inc. (Exact name of registrant as specified in its charter) Delaware 68-0521411 (State or other jurisdiction of incorporation or organi ...

Core Viewpoint - Century Communities reported quarterly earnings of $1.37 per share, exceeding the Zacks Consensus Estimate of $1.16 per share, but down from $2.65 per share a year ago, indicating a significant earnings surprise of +18.10% [1] Financial Performance - The company posted revenues of $1 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 7.03%, compared to year-ago revenues of $1.04 billion [2] - Over the last four quarters, Century Communities has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - Century Communities shares have declined approximately 13.1% since the beginning of the year, while the S&P 500 has gained 7.3% [3] - The current status of estimate revisions translates into a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the coming quarter is $1.93 on revenues of $1.07 billion, and for the current fiscal year, it is $6.76 on revenues of $4.16 billion [7] - The outlook for the industry, particularly the Building Products - Home Builders sector, is currently in the bottom 21% of Zacks industries, which may impact stock performance [8]

Financial Data and Key Metrics Changes - In Q2 2025, the company reported a pretax income of $47 million and a net income of $35 million, translating to $1.14 per diluted share. Adjusted net income was $42 million or $1.37 per diluted share [14] - Home sales revenues for Q2 2025 were $976 million, up 10% sequentially due to higher deliveries, with deliveries of 2,587 homes, which was flat year over year [14][15] - The average sales price decreased by 3% year over year to $378,000, primarily due to increased incentives [16] - The company’s book value per share increased by 10% year over year to $86.39, a record for the company [7] Business Line Data and Key Metrics Changes - Net new contracts totaled 2,546 homes in Q2 2025, with both orders and absorption rates increasing sequentially in May and June [9] - The company started 2,485 homes in Q2 2025, maintaining a focus on matching starts with sales [12] - Adjusted homebuilding gross margin was 20% compared to 21.6% in Q1 2025, driven by increased incentive levels [16][17] Market Data and Key Metrics Changes - The company’s community count increased to 327 communities at the end of Q2 2025, a record for the company [9] - The company expects its year-end 2025 community count to increase in the mid-single-digit percentage range [6][10] - The Southeast market, particularly Atlanta, Charlotte, and Nashville, has shown strong performance, while California and Colorado are experiencing some challenges [28][30] Company Strategy and Development Direction - The company is focused on a disciplined approach to land investment, having reduced its controlled lot count by 12,000 lots in Q2 2025 [13][23] - The company aims to balance pace and price at the community level to optimize returns, rather than pursuing growth for its own sake [6] - The company is taking a balanced approach towards capital allocation, having repurchased $48 million of its shares in Q2 2025 [6][20] Management's Comments on Operating Environment and Future Outlook - Management noted that order activity for new homes has been impacted by elevated mortgage rates, affordability constraints, and economic uncertainty, but they see underlying demand for affordable new homes [4][5] - The company anticipates that incentives will continue to be the largest driver of changes to gross margins in the near term [11] - Management expressed confidence in the company’s ability to manage costs and maintain a solid balance sheet despite market headwinds [13][20] Other Important Information - The company maintained its quarterly cash dividend of $0.29 per share and has no senior debt maturities until June, providing flexibility in leverage management [19][20] - The company was recognized as one of the best companies to work for by U.S. News and World Report [7] Q&A Session Summary Question: How is the company thinking about land investment in the second half of the year? - The company plans to reduce land investment and has already dropped about 12,000 lots in Q2 2025, focusing on more disciplined underwriting [23][24] Question: Can you discuss the mortgage products buyers are using? - The company reports that about 70% of buyers are using governmental loans and 30% are using conventional loans, with an increasing acceptance of adjustable-rate mortgages (ARMs) [26] Question: What are the drivers behind lowering the 2025 deliveries guidance? - The revision was driven by the expectation of slower demand in the third quarter, particularly in July and August, which are typically slower months [27][28] Question: What is the company's exposure to Canadian lumber and potential tariffs? - The company sources between 20% to 30% of its lumber from Canada and is monitoring the situation regarding potential tariffs [50] Question: Can you provide details on the community count and orders? - The community count increased significantly in June, which did not benefit orders in the earlier months of the quarter [58] Question: What is the current average build time and potential for improvement? - The average build time is currently around four months, with ongoing improvements expected [69][70] Question: What types of incentives are being offered for finished spec inventory? - The company is using a mix of rate buy-downs and price cuts to incentivize buyers [71]

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," "should," "would," "could," "appro ...

- Deliveries of 2,587 Homes Generating $1.0 Billion in Total Revenues - - Net New Home Contracts of 2,546 - Century Communities Reports Second Quarter 2025 Results - Community Count Increased 23% YoY to a Company record 327 – - Recognized as One of the 2025 Best Companies to Work For by U.S. News & World Report - Greenwood Village, Colorado (July 23, 2025) – Century Communities, Inc. (NYSE: CCS), one of the nation's largest homebuilders, today announced financial results for its second quarter ended June 30 ...

Financial Performance - Century Communities, Inc. reported net income of $34.9 million, or $1.14 per diluted share, for the second quarter of 2025, with adjusted net income of $42.1 million, or $1.37 per diluted share [4][11][29] - Total revenues for the quarter were $1.0 billion, with home sales revenues accounting for $976.5 million, and deliveries totaled 2,587 homes [4][11][29] - The average sales price of home deliveries was $377,500, reflecting a 1.1% decrease from the previous year [4][19] Operational Highlights - The company achieved a 13% increase in home deliveries on a sequential basis, driven by customer incentives [3][11] - The community count grew by 23% year-over-year to a record 327 communities, with expectations for mid-single digit percentage growth by year-end 2025 [3][11] - Net new home contracts for the quarter were 2,546, with a backlog of 1,217 homes valued at $466 million [5][11] Cost Management - Adjusted homebuilding gross margin percentage was 20.0%, while the gross margin was 17.6% for the quarter [6][11] - Selling, general, and administrative expenses represented 13.2% of home sales revenues [6] Balance Sheet and Liquidity - The company ended the quarter with $2.6 billion in stockholders' equity and $858 million in liquidity, including $127.6 million in cash [8][9] - Book value per share increased by 10% year-over-year to $86.39 [3][8] Shareholder Returns - Century Communities maintained a quarterly cash dividend of $0.29 per share and repurchased 883,602 shares of common stock for $48 million, representing approximately 3% of shares outstanding at the beginning of the quarter [9][11] Market Outlook - The company revised its full-year 2025 home delivery guidance to a range of 10,000 to 10,500 homes, with home sales revenues expected between $3.8 billion and $4.0 billion [12]

Core Insights - Century Communities, Inc. is launching Park Grove, a new community in Jacksonville, Florida, featuring modern homes and a prime location near key amenities [1][5][11] Group 1: Community Overview - Park Grove will offer new construction homes with two versatile floor plans: Auburn and Berkshire, designed with modern features such as stainless-steel appliances and quartz countertops [3][4] - The community is strategically located near Jacksonville International Airport and major highways, providing easy access to urban conveniences and coastal areas [1][5] Group 2: Home Features - Homes will feature open-concept layouts with up to 4 bedrooms, 3 bathrooms, and a maximum of 1,965 square feet, emphasizing quality and comfort [8] - The design includes sunlit great rooms, owner's suites with walk-in closets, and luxury vinyl-plank flooring [8] Group 3: Accessibility and Amenities - Park Grove is located within four miles of River City Marketplace and is close to attractions like the Jacksonville Zoo and Botanical Gardens, as well as Fernandina Beach and Jacksonville Beach [5][8] - The community will also benefit from the innovative online homebuying process offered by Century Complete, allowing buyers to purchase homes conveniently [9][11]

Core Insights - Century Communities has launched a new phase at Scenic Terrace, introducing two additional home collections, The Cottages and The Enclave, while continuing sales of The Grove and The Meadows [1][2] - The community features a range of amenities including a clubhouse, pool, dog park, and playground, and is strategically located for easy access to major highways and attractions [2][5] - The company offers an innovative online homebuying experience, allowing buyers to purchase homes easily while working with their local real estate agents [3][6] Company Overview - Century Communities, Inc. is one of the largest homebuilders in the U.S., recognized for its leadership in online home sales and ranked among America's Most Trustworthy Companies [7] - The company operates in 17 states and over 45 markets, providing a comprehensive range of services including mortgage and insurance through its subsidiaries [7] - The mission of Century Communities is to build high-quality homes at affordable prices, catering to a diverse range of homebuyers [7]

Core Insights - Century Communities, Inc. has launched sales at Daisy Heights in Sultan, WA, offering new two-story homes starting from the $500s, located near the Cascade Mountains and Monroe [1][3]. Group 1: Company Overview - Century Communities, Inc. is recognized as one of the largest homebuilders in the U.S. and a leader in online home sales, featured on Newsweek's lists of America's and the World's Most Trustworthy Companies [5][7]. - The company operates in 17 states and over 45 markets, providing a range of services including mortgage, title, insurance brokerage, and escrow through its subsidiaries [7]. Group 2: Product Offering - The homes at Daisy Heights are two-story single-family residences, ranging up to 2,745 square feet, with options for 3 to 5 bedrooms and 2.25 to 3 bathrooms [5]. - Features include spacious gourmet kitchens with quartz countertops, expansive primary suites with walk-in showers and closets, and 2-bay garages [5]. Group 3: Location and Community - Daisy Heights is strategically located for quick access to outdoor recreational areas such as the Skykomish River, Osprey Park, and Wallace Falls State Park, as well as attractions in Monroe like The Reptile Zoo and Evergreen State Fairgrounds [5][3]. - The community offers a blend of small-town charm and proximity to larger urban areas like Seattle [3]. Group 4: Online Homebuying Experience - Century Communities provides an industry-first online homebuying experience, allowing customers to shop for homes, fill out forms, and electronically sign contracts [4][6].

Core Insights - CF Industries Holdings, Inc. has initiated the carbon dioxide dehydration and compression facility at its Donaldsonville Complex in Louisiana, marking a significant advancement in its decarbonization efforts [1][8] - The facility is designed to enable the transportation and permanent geological sequestration of up to 2 million metric tons of CO2 annually, which would otherwise contribute to atmospheric emissions [2][8] - ExxonMobil, CF's partner in carbon capture and sequestration, plans to establish a permanent storage facility, starting with the Rose CCS project, which has received a draft permit from the U.S. Environmental Protection Agency [3] Company Developments - The Donaldsonville facility's start-up is a historic milestone for CF Industries, allowing the company to produce approximately 1.9 million tons of low-carbon ammonia each year and qualify for tax credits under Section 45Q of the Internal Revenue Code [4][8] - CF's stock has increased by 36.2% over the past year, outperforming the industry average rise of 28.7% [6] Industry Context - CF Industries currently holds a Zacks Rank of 3 (Hold), while other companies in the Basic Materials sector, such as Royal Gold, Inc. and Coeur Mining, Inc., have higher rankings, indicating stronger buy signals [7]