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Century Communities Reports Second Quarter 2025 Results
Prnewswire· 2025-07-23 20:05
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]
Century Complete Announces New Community Coming Soon in Jacksonville
Prnewswire· 2025-07-22 16:03
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]
Century Complete Announces New Home Phase in Celebrated Central Florida Development
Prnewswire· 2025-07-17 15:15
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]
Century Communities Hosts July Grand Opening for New Homes in Sultan, WA
Prnewswire· 2025-07-16 17:27
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].
CF Advances Decarbonization Through Donaldsonville CCS Start-Up
ZACKS· 2025-07-15 14:45
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]
Century Communities Launches Sales at Windler in Aurora, CO
Prnewswire· 2025-07-10 15:35
Company Overview - Century Communities, Inc. is one of the nation's largest homebuilders, operating in 17 states and over 45 markets across the U.S. [5][7] - The company is recognized for its online homebuying experience and has been consecutively awarded as one of America's Most Trustworthy Companies by Newsweek for three years [7]. Product Offerings - Century Communities offers four distinct floor plan collections at Windler: The Boulevard I Collection, The Boulevard II Collection, The Haven Collection, and The Contemporary Collection, featuring modern layouts and smart home technology [2][5]. - Homes range from 1,305 to 2,365 square feet and include amenities such as a community center, pool, parks, trails, and more [5]. Location and Accessibility - Windler is strategically located on the edge of east Denver and Aurora, providing quick access to Denver International Airport, downtown Denver, and major employment hubs [3]. Online Homebuying Process - The company has pioneered an online homebuying process that allows customers to shop for homes, fill out forms, and electronically sign contracts [4][6].
Century Complete Reveals New Townhomes Coming Soon to Greenville, NC
Prnewswire· 2025-07-03 15:31
Core Insights - Century Communities, Inc. is launching affordable new townhomes at Cobblestone starting from the low $230s, targeting local demand for affordable housing near downtown Greenville and East Carolina University [1][2][9] - The company emphasizes its innovative online homebuying experience, allowing buyers to purchase homes 24/7 while still having access to local real estate agents [4][9] Group 1: Product Offering - Cobblestone will feature nearly 100 townhomes with open-concept, two-story layouts, including 3 bedrooms, 3 bathrooms, and a 1-bay garage, covering 1,648 square feet [6] - Included features in the townhomes will consist of Whirlpool® stainless-steel appliances, Kohler® fixtures, quartz countertops, and luxury vinyl plank flooring [6] Group 2: Location and Accessibility - The Cobblestone community is conveniently located between Raleigh and the Outer Banks, with close proximity to downtown Greenville's dining, shopping, recreation, and East Carolina University [6][2] Group 3: Online Homebuying Process - The online homebuying process allows potential buyers to shop for homes, click "Buy Now," fill out a quick form, electronically submit an earnest money deposit, and sign a purchase contract via DocuSign® [7][11] - This streamlined process is designed to enhance the homebuying experience, making it easier for buyers to find and purchase their ideal home [4][9]
Century Complete Announces New Homes Now Selling in Prescott Valley, Arizona
Prnewswire· 2025-07-01 16:42
Core Insights - Century Communities, Inc. has launched a new collection of single-family homes named Point of View in Prescott Valley, Arizona, with prices starting from the $370s, featuring up to 4 bedrooms and designer-selected finishes [1][5]. Company Overview - Century Communities, Inc. is recognized as a top 10 national homebuilder and an industry leader in online home sales, having been ranked as one of America's Most Trustworthy Companies by Newsweek for 2025 [1][7]. - The company operates in 17 states and over 45 markets across the U.S., providing a range of services including mortgage, title, insurance brokerage, and escrow through its subsidiaries [7]. Product Offering - The homes at Point of View include single-story floor plans with 3 to 4 bedrooms, 2 bathrooms, and 2-bay garages, ranging from 1,267 to 1,803 square feet [5]. - Key features of the homes include quartz countertops, Whirlpool® stainless-steel appliances, white cabinets, and Shaw® wood-look flooring, all designed with open-concept layouts [5]. Location and Community - Point of View is strategically located near Highway 89A, providing easy access to Prescott and historic Jerome, as well as outdoor recreational areas like Prescott National Forest and Mingus Mountain [5]. Online Homebuying Experience - Century Complete offers an industry-first online homebuying experience, allowing buyers to find and purchase homes easily while still working with their local real estate agents [3][6]. - The online process includes steps such as filling out a Buy Online form, electronically submitting an earnest money deposit, and signing a purchase contract via DocuSign® [6].
Century Communities Sets June Grand Opening for New Homes in Southwest Las Vegas
Prnewswire· 2025-06-26 18:03
Core Insights - Century Communities, Inc. is launching a new community named Ironwood in Southwest Las Vegas, with a Grand Opening celebration scheduled for June 28, 2025 [1][2] - The new community will feature modern one- and two-story homes, with quick access to local amenities and outdoor destinations [1][4] Company Overview - Century Communities is one of the largest homebuilders in the U.S., recognized for its online home sales and ranked among America's and the World's Most Trustworthy Companies by Newsweek [1][4] - The company operates in 17 states and over 45 markets, providing a range of services including mortgage, title, insurance brokerage, and escrow services [6] Product Offering - Ironwood will offer over 100 single-family homesites with floor plans ranging from 1,742 to 2,114 square feet, featuring 2 to 6 bedrooms and 2 to 3 bathrooms [4] - Included features in the homes will consist of quartz countertops, stainless-steel appliances, and the Century Home Connect® smart home package [4] Location and Accessibility - The community is strategically located near UnCommons, Durango Casino & Resort, Rhodes Ranch Golf Club, and various hiking and biking trails [4] - It provides easy access to Blue Diamond Road, I-15, and I-215, facilitating quick commutes to the Las Vegas Strip and Harry Reid International Airport [4]
Century Communities Now Selling Near Fort Worth at MiraVerde
Prnewswire· 2025-06-25 15:45
Core Insights - Century Communities, Inc. has launched sales at MiraVerde in Crowley, Texas, featuring single- and two-story homes designed for modern lifestyles, with sizes up to 2,260 square feet [1][6] - The community is strategically located 17 miles from downtown Fort Worth, providing easy access to the larger Metroplex [1][2] - The company emphasizes its industry-leading online homebuying experience, allowing customers to purchase homes conveniently [3][4] Company Overview - Century Communities is recognized as one of the largest homebuilders in the U.S. and a leader in online home sales, consistently ranked among the most trustworthy companies by Newsweek [5][8] - The company operates in 17 states and over 45 markets, offering a range of services including mortgage, title, insurance brokerage, and escrow [5][8] - The mission of Century Communities is to build high-quality homes at affordable prices, catering to a diverse range of homebuyers [5] Product Offerings - The homes at MiraVerde include single- and two-story floor plans with 3 to 4 bedrooms, 2 to 3 bathrooms, and 2-bay garages [6] - Each home comes with the Century Home Connect® smart home package and is located near shopping and dining options in Crowley [6]