Core Insights - The Ridge at Twin Rivers is set to begin sales in mid-May, featuring single-family homes with modern designs and an online homebuying experience [1][2] - The community is located in Covington, GA, just outside the Atlanta Metro area, appealing to homebuyers with its small-town charm and quality home designs at competitive prices [2][3] 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 for 2025 and the World's Most Trustworthy Companies for 2024 [9] - 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 [9] Product Offering - The Ridge at Twin Rivers will offer nearly 100 single-family homes with options for up to 5 bedrooms and 3 bathrooms, featuring open-concept floor plans and modern amenities [7] - Homes are priced from the low $300s, with convenient access to Atlanta via I-20 and proximity to local attractions [3][7] Online Homebuying Experience - Century Complete offers an industry-first online homebuying process, allowing buyers to shop for homes and complete purchases at their convenience while still working with local real estate agents [4][8] - The online process includes steps such as filling out a Buy Online form, submitting an earnest money deposit, and electronically signing contracts [8]

Top national builder offering new townhomes from the $400s, with three models now open for tourJURUPA VALLEY, Calif., April 30, 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 it's now selling at Ivory in Jurupa Valley. The Company hosted a Grand Opening event last weekend at the community, showcasing three two-story to ...

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 ...

Core Insights - Century Communities, Inc. 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 [1][2][3] - The company is the only representative in the Real Estate & Housing category and one of only two homebuilders selected this year [2] - Century Communities is among 14 Colorado-based companies recognized out of 700 nationwide [2] Company Overview - Century Communities is a leading homebuilder and an industry pioneer in online home sales, operating in 17 states and over 45 markets across the U.S. [6] - The company aims to build attractive, high-quality homes at affordable prices, encapsulated in their mission of "A Home For Every Dream®" [6] - Century Communities engages in all aspects of homebuilding, including land acquisition, development, construction, and innovative marketing [6] Trust Evaluation - The evaluation for the Newsweek list involved a survey of approximately 25,000 U.S. residents and an extensive social listening analysis of over 304,000 online mentions [3] - Companies involved in significant scandals or lawsuits were excluded from the list, ensuring a focus on trustworthiness [3] Online Homebuying Experience - Century Communities offers an industry-first online homebuying experience, allowing buyers to find and secure their dream home easily [4] - The online process includes filling out a quick form, electronically submitting a deposit, and signing a purchase contract via DocuSign® [8]

Group 1 - Century Communities, Inc. (CCS) is experiencing significant activity in the options market, particularly with the Jun 20, 2025 $130.00 Call option showing high implied volatility, indicating expectations of a substantial price movement [1][3] - The company currently holds a Zacks Rank of 4 (Sell) within the Building Products - Home Builders industry, which is positioned in the bottom 28% of the Zacks Industry Rank [3] - The Zacks Consensus Estimate for Century Communities' earnings per share for the current quarter has slightly decreased from $2.37 to $2.36 [3] Group 2 - High implied volatility in options trading often suggests that traders anticipate a significant price movement, which could be due to an upcoming event that may lead to either a rally or a sell-off [2][4] - Seasoned options traders may look to sell premium on options with high implied volatility, aiming to benefit from the decay of the option's value if the underlying stock does not move as much as expected [4]

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 ...

Financial Data and Key Metrics Changes - In Q1 2025, pre-tax income was $53 million and net income was $39 million, translating to $1.26 per diluted share, while adjusted net income was $42 million or $1.36 per diluted share [23] - Home sales revenues for Q1 were $884 million, down 4% year-over-year due to lower deliveries and average sales price [24] - The average sales price in Q1 was $387,000, a decrease of 1% year-over-year [24] - Adjusted homebuilding gross margin was 21.6%, down from 22.9% in Q4 2024, while GAAP homebuilding gross margin was 19.9%, compared to 20.6% in the prior quarter [26] Business Line Data and Key Metrics Changes - Deliveries totaled 2,284 homes in Q1, a decline of 3% year-over-year, while net new contracts totaled 2,692 homes, a 6% decline versus the previous year but a 33% increase over Q1 2023 [10][24] - The absorption pace averaged 2.8% in Q1 2025, with a sequential increase in February and March, but was trending below Q1 levels in April [10][11] Market Data and Key Metrics Changes - The company experienced a slower than typical spring selling season due to economic uncertainty, interest rate volatility, and eroding consumer confidence [7] - The absorption rate in Texas was particularly low at 2.1%, impacting overall performance [40] Company Strategy and Development Direction - The company aims to balance pace and price at the community level to optimize returns, focusing on monetizing and completing homes while managing starts [11][12] - The community count increased by 26% year-over-year, ending Q1 with 318 communities, and the company expects mid-single-digit percentage growth in community count for year-end 2025 [18] Management's Comments on Operating Environment and Future Outlook - Management noted that while there is underlying demand for affordable new homes, current headwinds are affecting sales cycles and consumer confidence [7][8] - The company is proactively managing costs and targeting incentives to drive sales, while also preparing for potential supply chain disruptions due to tariffs [12][66] Other Important Information - The company increased its quarterly cash dividend to $0.29 per share and repurchased 753,000 shares for $56 million at an average price of $73.76, representing a 13% discount to book value [31] - Full-year home delivery guidance was reduced to a range of 10,400 to 11,000 homes due to ongoing economic uncertainty [32] Q&A Session Summary Question: Absorption rate differences between Century Complete and regional businesses - Management explained that Century Complete performed better due to less direct competition in certain markets, while Texas had the lowest absorption rate impacting overall performance [36][39] Question: Future pricing strategies for moving product - Management indicated that they are using both price reductions and interest rate buy downs to move unsold homes, anticipating a potential increase in incentives [41][42] Question: Guidance for closings in the back half of the year - Management stated that community count growth will support higher closings in the second half of the year, despite current headwinds [47][48] Question: SG&A savings from workforce reductions - Management confirmed that cost savings from layoffs and other initiatives are incorporated into the SG&A guidance for the full year [49][50] Question: Pricing and buy down strategies - Management noted that the average rate for buy downs has been consistent in the mid-fives, with a mix of price cuts and incentives being used [54][55] Question: Timing of incentive increases - Management clarified that recent incentives were implemented in response to market volatility and aimed at achieving desired absorption rates [60][61] Question: Concerns about supply chain disruptions - Management acknowledged the potential for supply chain disruptions but stated that no significant impacts have been observed to date [66]

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 Communities (CCS) came out with quarterly earnings of $1.36 per share, missing the Zacks Consensus Estimate of $1.74 per share. This compares to earnings of $2.22 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -21.84%. A quarter ago, it was expected that this single- family homebuilder would post earnings of $3.21 per share when it actually produced earnings of $3.49, delivering a surprise of 8.72%. Over the last fou ...

Financial Data and Key Metrics Changes - In Q1 2025, the company reported a pretax income of $53 million and a net income of $39 million, translating to $1.26 per diluted share, with adjusted net income at $42 million or $1.36 per diluted share [18] - Home sales revenues for Q1 were $884 million, down 4% year-over-year, primarily due to lower deliveries and average sales price [19] - The average sales price in Q1 was $387,000, a 1% decrease year-over-year, attributed to higher incentives [19] - The adjusted homebuilding gross margin was 21.6%, down from 22.9% in Q4 2024, while GAAP gross margin was 19.9%, compared to 20.6% in the previous quarter [20] Business Line Data and Key Metrics Changes - Deliveries in Q1 totaled 2,284 homes, a 3% decline from the previous year, influenced by a strategy to manage starts at a lower level [19] - Net new contracts for Q1 were 2,692 homes, a 6% decline compared to the previous year but a 33% increase over Q1 2023 [8] - The company maintained stable homebuilding gross margins of 20.1%, easing by only 80 basis points sequentially [7] Market Data and Key Metrics Changes - The absorption rate averaged 2.8 in Q1 2025, with a sequential increase in February and March, but April's rate is trending below Q1 levels [8] - The company noted that Texas had the lowest absorption performance at 2.1, impacting overall results [30] Company Strategy and Development Direction - The company aims to balance pace and price while managing construction costs and incentives, targeting a growth in deliveries of approximately 10% annually over the next several years [9] - The company is focused on maintaining an appropriate level of spec inventory and matching starts with sales pace [9] - The land strategy involves low-risk, land-light agreements with landowners, minimizing upfront costs and risk exposure [15][16] Management's Comments on Operating Environment and Future Outlook - Management acknowledged increased economic uncertainty, interest rate volatility, and eroding consumer confidence affecting the spring selling season [6] - The company expects to see further sequential increases in deliveries in the latter half of 2025, supported by community count growth [24] - Management remains optimistic about long-term demand, despite current market challenges, and is taking steps to address headwinds [24] Other Important Information - The company was recognized on Newsweek's list of America's most trustworthy companies for the third consecutive year [10] - The company increased its quarterly cash dividend by 12% to $0.29 per share and repurchased 753,000 shares for $56 million at a discount to book value [23] Q&A Session Summary Question: Absorption rate differences between Century Complete and regional businesses - Management noted that Century Complete operates in markets with less direct competition, leading to a more stable absorption profile compared to regional businesses [29] Question: Pricing strategies for moving product - Management indicated that they are using both interest rate buy downs and price reductions to move unsold homes, anticipating a potential margin impact in Q2 [32] Question: Guidance for the back half of the year - Management expects community count growth to support higher closings in the latter half of the year, despite current headwinds [38] Question: SG&A savings from workforce reductions - Management stated that cost savings from various initiatives, including workforce reductions, are incorporated into the full-year SG&A guidance [39] Question: Pricing and incentive strategies - Management explained that pricing decisions are made based on individual subdivisions and market conditions, balancing between price cuts and incentives [85]