Century Communities Reports Second Quarter 2025 Results

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]