Century munities(US:CCS)2022-10-28 12:46Company Overview - Century Communities is a geographically diverse Top 10 U S Homebuilder, operating in over 45 markets across 17 states[9] - The company focuses on attractive entry-level buyers, with 80% of sales targeting this segment[9, 10] - Century Communities has a land-light operating strategy and a strong balance sheet with $817 million in liquidity[9] Financial Performance - The company reported total revenues of $4.5 billion and delivered 10,606 homes[10, 13] - Century Communities boasts a high return on equity of 33%[9, 10] - The company has a consistent track record of revenue and net income growth, with a revenue increase of 1,122%[18] - Homebuilding gross margins have improved significantly, reaching 26.7% in the last twelve months (LTM) 3Q 2022[19] - The company's net income increased 27% year-over-year to $144 million[23] Business Strategy - A significant portion of Century Communities' home deliveries are spec builds, enhancing efficiency and profitability[14, 15] - The company maintains a low-risk, land-light business strategy, with 45% of lots controlled and 55% owned[16] - Century Communities has a robust backlog valued at $1.4 billion, consisting of 3,455 homes[10, 17]