CCS
Century CommunitiesDDocument history
Earnings documents stored for CCS.
Investor releaseQuarter not tagged2026-05-07Century Communities Announces Quarterly Cash Dividend
PR Newswire
Century Communities Announces Quarterly Cash Dividend
GREENWOOD VILLAGE, Colo., May 6, 2026 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), one of the nation's largest homebuilders, today announced that its Board of Directors has declared a quarterly cash dividend of $0.32 per share. This dividend is payable on June 10, 2026 to stockholders of record as of the close of business on May 27, 2026. About Century Communities: Century Communities, Inc. (NYSE: CCS) is one of the nation's largest homebuilders and a recognized industry leader in online home sales. Newsweek has named the Company one of America's Most Trustworthy Companies for four consecutive years. Century Communities has also been designated as one of U.S. News & World Report's Best Companies to Work For (2025–2026). Through its Century Communities and Century Complete brands, Century's mission is to build attractive, high-quality homes at affordable prices to provide its valued customers with A HOME FOR EVERY DREAM®. Century is engaged in all aspects of homebuilding — including the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Company operates in 16 states and over 45 markets across the U.S., and also offers mortgage, title, insurance brokerage, and escrow services in select markets through its Inspire Home Loans, Parkway Title, IHL Home Insurance Agency, and IHL Escrow subsidiaries. To learn more about Century Communities, please visit www.centurycommunities.com. Contact Information: Tyler Langton, Senior Vice President of Investor Relations and Finance 303-268-8345 [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/century-communities-announces-quarterly-cash-dividend-302764774.html
Investor releaseQuarter not tagged2026-04-24Century Communities Q1 Earnings Call Highlights
MarketBeat
Century Communities Q1 Earnings Call Highlights
Century said Q1 results “held up” but worsening macro conditions in March prompted a 5% cut to full‑year delivery guidance to 9,500–10,500 homes and lowered home sales revenue guidance to $3.5–$3.8 billion. Operations and balance‑sheet actions showed progress: finished spec inventory fell 16% sequentially (31% YoY), cycle times shortened to 114 days, the company holds nearly 60,000 owned/controlled lots and plans $1.0–$1.2 billion of land spending with flexibility, while returning capital via a ~2% share repurchase (~$40M) and a 10% dividend increase to $0.32. Margins and demand dynamics: adjusted homebuilding gross margin rose to 19.7% helped by lower incentives (averaging ~1,250 bps) and management expects similar Q2 incentives, while buyer mortgage mix shifted toward ARMs (~30% of originations) easing affordability pressures. Interested in Century Communities, Inc.? Here are five stocks we like better. 2 Real-Estate Related Stocks Showing Signs Of Being Undervalued Century Communities (NYSE:CCS) executives said first-quarter 2026 results held up amid what they described as intensifying macro pressure late in the quarter, while the homebuilder lowered its full-year delivery outlook and emphasized continued focus on balancing sales pace and pricing, managing inventory, and returning capital to shareholders. Executive Chairman Dale Francescon said demand began the quarter “roughly in line with year-ago levels,” but conditions deteriorated in early March. He cited “geopolitical issues and increased economic uncertainties, coupled with higher interest rates and gas prices,” which “further eroded consumer sentiment” and weighed most heavily on March order activity, typically the strongest sales month of the quarter. → Credo Stock Flashes Strong Bullish Signal—Upswing Just Starting 3 Undervalued Dividend Payers For Volatile Market Conditions Chief Executive Officer Rob Francescon provided more detail on sales trends, saying absorption in January was “roughly flat” year over year, with the normal seasonal step-up into February and March. However, he said March absorption declined year over year as conflict in the Middle East, along with higher gas prices and interest rates, hurt buyer sentiment. Century ended the quarter with net new orders of 2,379 homes. Despite weaker conversion in March, management highlighted improving traffic and lower cancellations. Rob Fr...
Investor releaseQuarter not tagged2026-04-23Century Communities Reports First Quarter 2026 Results
PR Newswire
Century Communities Reports First Quarter 2026 Results
- Deliveries of 2,013 Homes Generating $789.7 Million in Total Revenues - - Net New Home Contracts of 2,379 - - Ending Community Count Increased Sequentially to 316 - - Net Income of $24.4 Million, or $0.84 Per Diluted Share - - Adjusted Net Income of $25.6 Million, or $0.88 Per Diluted Share - - Increased Quarterly Cash Dividend 10% to $0.32 Per Share - GREENWOOD VILLAGE, Colo., April 22, 2026 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), one of the nation's largest homebuilders, today announced financial results for its first quarter ended March 31, 2026. First Quarter 2026 Highlights Net income of $24.4 million, or $0.84 per diluted share Adjusted net income of $25.6 million, or $0.88 per diluted share Total revenues of $789.7 million Community count of 316 Deliveries of 2,013 homes Net new home contracts of 2,379 Homebuilding gross margin of 17.8% Adjusted homebuilding gross margin of 19.7% Repurchased 617,087 shares of common stock for $40.0 million "We performed well in the first quarter given continued market pressures which intensified even further beginning in early March," said Dale Francescon, Executive Chairman. "While demand at the start of the quarter was roughly in line with year-ago levels, higher interest rates, gas prices, and increased weakness in consumer sentiment weighed on order activity most meaningfully in March, which typically represents the highest sales month of the quarter. Despite these headwinds, our traffic and net sales increased sequentially throughout the quarter, and our first quarter cancellation rate was below the levels we experienced throughout most of 2025, demonstrating the commitment of buyers once they have made the decision to purchase a home." Rob Francescon, Chief Executive Officer and President, said, "Our adjusted homebuilding gross margin of 19.7% increased by 140 basis points on a sequential basis, benefitting from lower incentives and direct costs, and we decreased our finished specs at the end of the first quarter by 16% sequentially and 31% versus the prior-year quarter. Our balance sheet remains strong with $2.6 billion of stockholders' equity and $886 million of liquidity, and we repurchased 617,087 shares of our common stock for $40.0 million and increased our quarterly cash dividend by 10% to $0.32 per share while continuing to position Century for future growth." First Quarter 2026 Results...
Investor releaseQuarter not tagged2026-04-23Century Communities (CCS) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Zacks
Century Communities (CCS) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Century Communities (CCS) reported $789.67 million in revenue for the quarter ended March 2026, representing a year-over-year decline of 12.6%. EPS of $0.88 for the same period compares to $1.36 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $806.37 million, representing a surprise of -2.07%. The company delivered an EPS surprise of +44.26%, with the consensus EPS estimate being $0.61. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Century Communities performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net New Home Contracts: 2,379 versus 2,578 estimated by two analysts on average. Backlog - Homes: 1,155 versus the two-analyst average estimate of 1,197. Home Deliveries - Average Sales Price: $364.70 versus $363.50 estimated by two analysts on average. Home Deliveries - Homes: 2,013 compared to the 2,169 average estimate based on two analysts. Revenues- Financial services revenues: $22.4 million compared to the $16.94 million average estimate based on two analysts. The reported number represents a change of +20.8% year over year. Revenues- Total homebuilding revenues: $767.28 million versus the two-analyst average estimate of $789.43 million. The reported number represents a year-over-year change of -13.3%. View all Key Company Metrics for Century Communities here>>> Shares of Century Communities have returned +10.8% over the past month versus the Zacks S&P 500 composite's +8.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Century Communities, Inc. (CCS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research
Investor releaseQuarter not tagged2026-04-23Century Communities Inc (CCS) Q1 2026 Earnings Call Highlights: Strategic Growth Amid Market ...
GuruFocus.com
Century Communities Inc (CCS) Q1 2026 Earnings Call Highlights: Strategic Growth Amid Market ...
This article first appeared on GuruFocus. Revenue: Home sales revenues for the first quarter were $734 million. Net Income: Net income was $24 million or $0.84 per diluted share. Adjusted Net Income: Adjusted net income was $26 million or $0.88 per diluted share. Deliveries: Delivered 2,013 homes during the first quarter. Average Sales Price: Average sales price was $365,000. Adjusted Gross Margin: Adjusted gross margin in the first quarter was 19.7%. SG&A as a Percentage of Revenue: SG&A was 15.8% of home sales revenue in the first quarter. Community Count: Ended the quarter with 316 communities, up 4% sequentially. Cash Dividend: Increased quarterly cash dividend by 10% to $0.32 per share. Share Repurchase: Repurchased 617,000 shares for $40 million at an average price of $64.82. Net Homebuilding Debt to Net Capital Ratio: 30.5% at the end of the first quarter. Liquidity: Ended the quarter with $886 million of liquidity. Warning! GuruFocus has detected 7 Warning Signs with CCS. Is CCS fairly valued? Test your thesis with our free DCF calculator. Release Date: April 22, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Century Communities Inc (NYSE:CCS) reported a sequential increase in adjusted gross margin by 140 basis points, indicating improved operational efficiency. The company successfully grew its community count by 4% compared to the previous quarter, showcasing expansion efforts. Century Communities Inc (NYSE:CCS) effectively managed inventory levels, with finished specs down 16% sequentially and 31% year-over-year. The company repurchased approximately 2% of its shares at a 27% discount to book value, reflecting a strategic capital return to shareholders. Despite market challenges, Century Communities Inc (NYSE:CCS) maintained a low cancellation rate of 12.2%, indicating strong buyer commitment. Order activity was negatively impacted in March due to geopolitical issues and economic uncertainties, leading to a decline in net new orders. The company reduced its full-year 2026 home delivery guidance by 5% due to adverse market conditions, indicating potential revenue challenges. Higher interest rates and gas prices eroded consumer sentiment, affecting sales pace and order activity. Incentives on closed homes increased as the quarter progressed, which could pressure profit margins. The company a...
Investor releaseQuarter not tagged2026-04-23Century Communities (CCS) Q1 Earnings Top Estimates
Zacks
Century Communities (CCS) Q1 Earnings Top Estimates
Century Communities (CCS) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $1.36 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +44.26%. A quarter ago, it was expected that this single-family homebuilder would post earnings of $1.39 per share when it actually produced earnings of $1.59, delivering a surprise of +14.39%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Century Communities, which belongs to the Zacks Building Products - Home Builders industry, posted revenues of $789.67 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 2.07%. This compares to year-ago revenues of $903.23 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Century Communities shares have added about 7.5% since the beginning of the year versus the S&P 500's gain of 3.2%. While Century Communities has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Century Communities was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future....
TranscriptFY2026 Q12026-04-22FY2026 Q1 earnings call transcript
Earnings source - 53 paragraphs
FY2026 Q1 earnings call transcript
Greetings. Welcome to Century Communities' first quarter 2026 earnings conference call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during the call you require immediate assistance, please press star zero for the operator. Please note this conference call is being recorded. I will now turn the conference over to Tyler Langton, Senior Vice President of Investor Relations for Century Communities. Thank you. You may begin.
Good afternoon. Thank you for joining us today for Century Communities' earnings conference call for the first quarter 2026. Before the call begins, I would like to remind everyone that certain statements made during this call may constitute forward-looking statements. These statements are based on management's current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described or implied in the forward-looking statements. Certain of these risks and uncertainties can be found under the heading risk factors in the company's latest 10-K, as supplemented by our latest 10-Q to be filed shortly, and other SEC filings. We undertake no duty to update our forward-looking statements. Additionally, certain non-GAAP financial measures will be discussed on this conference call.
The company's presentation of this information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with GAAP. Hosting the call today are Dale Francescon, Executive Chairman, Rob Francescon, Chief Executive Officer, and Scott Dixon, Chief Financial Officer. Following today's prepared remarks, we will open up a line for questions. With that, I'll turn the call over to Dale.
Thank you, Tyler, and good afternoon, everyone. We are pleased with our first quarter results, given continued market pressures, which intensified even further beginning in early March. While demand at the start of the quarter was roughly in line with year-ago levels, geopolitical issues and increased economic uncertainties, coupled with higher interest rates and gas prices, further eroded consumer sentiment, which weighed on our order activity most meaningfully in March, typically the highest sales month of the quarter. Despite these macro challenges, our operations continued to perform well. Our first quarter adjusted gross margin increased by 140 basis points sequentially, and we grew our first quarter ending community count by 4% versus the prior quarter. We also continued to effectively manage our inventory levels with our finished specs at the end of the first quarter, down 16% sequentially and 31% year-over-year.
We also continue to be encouraged by bipartisan efforts to address the shortage of affordable housing and are still well positioned for growth when demand improves. Based on our current owned and controlled lot count, we have the ability to grow our deliveries by 10% or more annually once market conditions improve. So long as slower market conditions persist, we will continue to balance pace and price, control our costs and inventory levels, and return capital to our shareholders through dividends and opportunistically repurchasing shares at what we view as very attractive levels. In the first quarter, we repurchased approximately 2% of our shares outstanding at the beginning of the year at a 27% discount to our book value and increased our quarterly cash dividend by 10% to $0.32 per share.
I'll now turn the call over to Rob to discuss our strategy, operations, and land position in more detail.
Thank you, Dale, and good afternoon, everyone. Starting with sales. While in the fourth quarter of last year, we focused more on pace versus price, we took the more balanced approach in the first quarter 2026 that we outlined on our conference call last quarter. The quarter started off on a relatively healthy basis, with our absorption rates in January roughly flat on a year-over-year basis. In line with typical seasonality, we also saw sequential increases in absorption rates in both February and March. That said, our absorption rate in March declined on a year-over-year basis as the conflict in the Middle East, as well as higher gas prices and interest rates, weighed on home buyer sentiment, and we ended the quarter with net new orders totaling 2,379 homes.
We were pleased to see our traffic increase each month during the first quarter, with March levels up 13% over January, and we continue to believe that there is solid underlying demand for new homes. We are also optimistic that any interest rate relief and improvement in consumer confidence will unlock buyer demand and drive our conversion rates higher. Additionally, our cancellation rate of 12.2% in the first quarter was below the levels we experienced throughout most of 2025, demonstrating the commitment of buyers once they have made the decision to purchase a home. Our order activity so far in April has trended better than March, with orders also improving sequentially over the past several weeks.
We delivered 2,013 homes during the first quarter, and our incentives on these homes averaged approximately 1,250 basis points, down roughly 50 basis points from fourth quarter 2025 levels. Within the first quarter, our incentives on closed homes were at the lowest level in January and increased as the quarter progressed as we look to maintain an appropriate pace as macro headwinds intensified. Assuming current market conditions, we expect incentives on closed homes in the second quarter of 2026 to be similar with first quarter levels. In the first quarter, adjustable rate mortgages accounted for roughly 30% of the mortgages that we originated by volume of principal, a further increase from fourth quarter 2025 levels of approximately 25% and well above first quarter 2025 levels of less than 5%.
Receptivity of our buyers to ARMs has been increasing, and this increased adoption of ARMs could help partially address the market's affordability challenges. While incentives are weighing on our margins, our operations continue to perform extremely well in the first quarter. Our direct construction costs on the homes we delivered declined by 2% on a sequential basis. Our cycle times averaged 114 calendar days, down 15% from 134 days in the year-ago quarter. Our finished lot costs in the first quarter decreased by 1% on a sequential basis, and we continue to expect our average finished lot costs for 2026 to be 2% to 3% higher than fourth quarter 2025 levels. In the first quarter, we started 2,749 homes in advance of the spring selling season and remained focused on managing our inventory levels, ending the quarter with less than three finished specs per community.
Our average community count was 309 communities in the first quarter, and we ended the quarter with 316 communities, up 4% on a sequential basis. For 2026, we continue to expect our average community count to increase in the low to mid single-digit percentage range on a year-over-year basis. We ended the first quarter with nearly 60,000 owned and controlled lots, with our total lot count roughly flat on a sequential basis as we continue to proactively manage our land position. In 2026, we expect our land acquisition and development expense to be in the range of $1 to 1.2 billion. We have the ability to reduce this number if market conditions warrant without impacting our near-term growth prospects or accelerate if market conditions improve, given the strength of our balance sheet.
As we have stated over the past several quarters, the attractive growth profile and cost position of our land is also underpinned by a traditional land option strategy that is both flexible and reduces risk with minimal exposure to land banking. The flexibility of our option agreements has allowed us to adjust terms in many cases and increasingly achieve lower prices as sellers have started to adjust their expectations. At the end of the first quarter, only 11 of our 316 communities, or roughly 3%, utilized a land bank. As a result, we have much more control over the pace at which we start homes rather than having fixed takedown schedules and higher interest costs influence our pace. Additionally, our current option lot count of 24,000 lots is secured by deposits that total just $97 million or less than 4% of equity.
We remain focused on controlling our costs, maintaining an appropriate sales pace, and preserving the ability of our favorable land position to drive meaningful growth so that we can take advantage of improved conditions when the market rebounds. I'll now turn the call over to Scott to discuss our financial results in more detail.
Thank you, Rob. In the first quarter, pre-tax income was $33 million, and net income was $24 million or $0.84 per diluted share. Adjusted net income was $26 million or $0.88 per diluted share. Home sales revenues for the first quarter were $734 million, with our average sales price of $365,000 roughly flat on a sequential basis. Our deliveries of 2,013 homes were impacted by the reduced order activity that we experienced in March. For the second quarter 2026, we expect our deliveries to range from 2,200 to 2,400 homes, with further sequential increases in both the third and fourth quarters. In the first quarter, land sales and other revenues totaled $33 million and generated a profit of approximately $11 million, driven primarily by a single transaction in our South East region.
Our first quarter 2026 GAAP home building gross margin of 17.8% increased by 240 basis points over fourth quarter 2025 margins of 15.4%. Our first quarter margin benefited by 90 basis points from a reduction to our warranty accrual and rebate collections in excess of previous estimates, but was impacted by 10 basis points of purchase price accounting. Our adjusted gross margin in the first quarter was 19.7%, compared to 18.3% in the fourth quarter of 2025. The sequential improvement in our adjusted gross margin was primarily driven by lower incentives. For the second quarter 2026, we expect the most significant driver of our adjusted home building gross margin to continue to be incentives needed to generate an acceptable sales pace, which as Rob noted earlier, we currently expect to be similar to first quarter levels.
SG&A as a percentage of home sales revenue was 15.8% in the first quarter and impacted by lower than expected deliveries. Assuming the midpoint of our full year 2026 home sales revenue guidance, we expect our SG&A as a percent of home sales revenue to be roughly 14% for the full year 2026, with SG&A as a percentage of home sales revenue of 14.5% for the second quarter. Revenues from financial services were $22 million in the first quarter, and the business generated pre-tax income of $8 million. Revenues benefited from a fair value adjustment associated with an increase in our locked loan pipeline and mortgage servicing rights portfolio. We currently anticipate the contribution margin percent from financial services in 2026 to be similar to 2025 levels.
Our tax rate was 26.8% in the first quarter of 2026, and we expect our full year tax rate for 2026 to be in the range of 26% to 27%. Our first quarter 2026 net home building debt to net capital ratio was 30.5%, and our home building debt to capital ratio was 32.2%, basically consistent with the prior year quarter. We ended the quarter with $2.6 billion in stockholders' equity and $886 million of liquidity. During the quarter, we increased our quarterly cash dividend by 10% to $0.32 per share and repurchased 617,000 shares of our common stock for $40 million at an average share price of $64.82 or a 27% discount to our book value per share of $88.75 as of the end of the first quarter.
Given the impact of the conflict in the Middle East with lower consumer confidence and higher interest rates and gas prices adversely affecting our order activity, we are reducing our full year 2026 home delivery guidance by 5% and now expect it to be in the range of 9,500 to 10,500 homes, and our home sales revenues to be in the range of $3.5 to 3.8 billion. In closing, we are pleased with our performance in the current environment as we effectively balance pace and price and manage our costs and inventory levels. We increased our quarterly dividend and bought back 2% of our shares outstanding in the first quarter and will continue to be opportunistic with buybacks while continuing to position the company for future growth. With that, I'll open the line for questions. Operator?
Thank you. Ladies and gentlemen, we will now begin the question and answer session. Should you have a question, please press the star followed by the one on your touch tone phone. You will hear a prompt that your hand has been raised. Should you wish to decline from the polling process, please press the star followed by the two. If you are using a speakerphone, please lift the handset before pressing any keys. One moment please for your first question. Your first question comes from Alex Rygiel with Texas Capital Securities. Please go ahead.
Thank you. Good evening, gentlemen, on a nice quarter.
Thanks, Alex.
Couple quick questions here. I appreciate the commentary with regards to sort of reducing spec inventory and whatnot sequentially and year-over-year. Can you comment on how you think your competitors in your markets have adjusted their spec inventory? How do you feel about spec inventory just broadly across all your portfolio?
Yeah, Alex. This is Scott. Generally speaking, I think we're pretty optimistic with what we see from a market perspective in terms of the level that our specs are out there, from a finished perspective, especially as we kind of compare back to maybe this quarter or mid last year. Generally speaking, I think we're comfortable with most markets with where the overall finished spec inventory is at. From our perspective, really the focus area to really ensure at a community level, we feel like we're in a pretty strong position from pricing as well as consumer demand. That's really where the focus has come from our perspective on our finished count inventory at the end of the quarter.
A few years back, we were, I don't know, on a fairly regular basis, you were entering new geographies or new markets. I feel like that message has slowed a little bit here. At what point do you think Century sort of re-accelerates its geographic expansion?
Well, I think the focus, Alex, was to get a larger geographic reach in the past. We're now in over 45 markets, coast to coast. We like the markets we're in. As far as new markets, we continue to look at new markets, but candidly, our biggest focus is growing within our existing footprint. Because when you look at our size of company, we actually have, that's one of our competitive advantages is we have a large geographic reach. But the key is really to start growing deeper in each one of those markets to be in a top 10 if we're not already in a top 10 position or in a top five position or even higher than that within a market. That's really what our focus is.
We would still look at new markets, but that would come secondary to growing in our existing markets.
Thank you. Goodbye. Thank you.
Thank you. Your next question comes from Natalie Kulasekere with Zelman & Associates. Go ahead, Natalie.
Hey, good afternoon, and thank you for taking my question. Have you received any communication regarding potential cost increases or fuel surcharges from your vendors? If you have, do you think it's something that could be negotiated, or do you expect a reacceleration in cost inflation towards the latter part of this year or even heading into next year?
Well, to date, we've been able to avoid price increases, and sequentially, our costs were down 2% on our directs. With that said, of course, there's a lot of headlines on oil and petroleum products, diesel fuel, and all of that, and that runs through various channels as you know within the home building SKUs of people we use. With that, so far, we've been able to hold off on that. Is that something that's going to be a topic in Q3 and Q4? Don't know. We hope that this is short-lived and everything gets back to normal on those prices. To date, what I can tell you is we've been able to avoid price increases as it's related to oil.
All right. Thank you. Are you able to provide more detail about the land sale? I know you said it was a single transaction in the Southeast, but are there any more in the pipeline, and how should we kind of look at this line item going forward?
Sure. Natalie, really just an opportunistic item that came up in the Southeast that we went ahead and took advantage of. Much more of an opportunistic transaction that came our way in the first quarter that we went ahead and executed on. It was a community where it was a larger community. These were back-half lots that we did not need for the foreseeable future, so it made sense to pare that investment down.
Okay. Thank you.
Absolutely.
Your next question comes from Jay McCanless with Citizens. Please go ahead.
Hey, good afternoon, guys. Just wanted to kind of pick through the regions. It looks like Southeast saw a jump in closings or a gain in closings there. The West was doing a little better. Were some regions of the country affected more than others, and maybe what have you seen so far in April in terms of regional strength versus weakness?
The Southeast still remains really strong. Within that, Nashville would be one of our top markets. Austin, we're seeing some green shoots coming out of Austin. Candidly, on the West, the Bay Area has probably been the slowest or the weakest market that we're experiencing right now. Generally, the Southeast has been very good.
Okay. That's good to hear. As you think about trying to hold the line on pricing, I mean, right now, is it still pretty aggressive incentives out there? You said 12.5%, I think, this quarter. You're expecting maybe the same for second quarter. I guess, what are you seeing out of competitors? Are they still leaning in pretty aggressively on incentives as well? What's happening there?
I think that definitely the market's driven by incentives, of course. In terms of the peak on that, hopefully it was like Q4 end of last year and things are tempering slightly. We're at 50 basis points less, we think we'll be flat in Q2. Still remains to be seen. I think other builders are messaging the same thing that there is a little bit of a pullback. When you look at some buyer uncertainty out there with everything that's going on, it's a needed thing today to move houses.
Okay, got it. All right. That's all I had. Thank you.
Thanks, Jay. Good talking to you.
Your next question comes from Michael Rehaut with JPMorgan.
Thanks. Good afternoon, everyone. I wanted to kind of get a sense for sales pace in April. I'm sorry if I missed those comments earlier, but sales pace for the first quarter was down about 9% year-over-year, and it seems like it maybe got worse throughout the quarter, if I also heard that right. If you could give us any kind of sense of how April's trending, and I guess I have a follow-up as well.
Just going back to Q1. January started out kind of roughly flat year-over-year. Incrementally, we picked up pace from February versus January and from March versus February. However, March, with a lot of the things that were happening within the marketplace, our year-over-year was actually down quite significantly for March. We didn't have another way to say it. We didn't have as good of March as we had hoped for based on the Middle East conflict and all that. When you look at April's actually started out better than March, and we're trending higher in the month of April. That feels good right now.
When you say trending higher, do you mean higher sequentially or year over year or both?
Both.
Okay. Now, that's good to hear. I guess it kind of leads me to the second question with the expectation that incentives will be flat in 2Q versus 1Q, is that something that you think can hold as long as sales pace also kind of holds on a year-over-year basis? Or are there markets that you're kind of watching right now in terms of inventory levels or competitive trends that could potentially make you rethink the incentive approach if sales pace doesn't hit a certain level?
Well, of course, Michael, it's always fluid, but right now we feel fairly comfortable where the market is, that from an incentive basis, we will be flat, at worst, from where we were in Q1 to where we'll be in Q2. As far as markets, it really goes down to the subdivision level, and you could have a market that is good, but you have a subdivision that may need additional incentive or less incentive, and so that just really plays out at the individual subdivision level. All in all, we think right now incentives are going to be flat from Q2 to Q1.
Great. Thanks so much.
Thank you.
As a reminder, if you wish to ask a question, please press star followed by the one. As there are no more questions, we will now turn the line back over to Rob for some brief closing remarks.
Everyone on the call, thank you for your time today and interest in Century Communities. To our team members, thank you for your hard work, dedication to Century, and commitment to our valued home buyers.
Ladies and gentlemen, this concludes today's conference call. Thank you for your participation. You may now disconnect.
Investor releaseQuarter not tagged2026-03-20Century Communities Sets Date for First Quarter 2026 Earnings Release and Conference Call
PR Newswire
Century Communities Sets Date for First Quarter 2026 Earnings Release and Conference Call
GREENWOOD VILLAGE, Colo., March 19, 2026 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), a leading national homebuilder, today announced that the Company will release its first quarter 2026 financial results after the market closes on Wednesday, April 22, 2026. A conference call will be held that same day at 5:00 p.m. Eastern time, 3:00 p.m. Mountain time, to review the Company's first quarter results, discuss recent events and conduct a question-and-answer session. Webcast: The conference call will be available in the Investors section of the Company's website at www.centurycommunities.com. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. To Participate in the Telephone Conference Call: Dial in at least 5 minutes prior to start time Domestic: 1-800-549-8228 International: 1-646-564-2877 Conference ID: 56727 Conference Call Playback: Domestic: 1-888-660-6264 International: 1-646-517-3975 Conference ID: 56727 The playback can be accessed through April 29, 2026. About Century Communities: Century Communities, Inc. (NYSE: CCS) is one of the nation's largest homebuilders and a recognized industry leader in online home sales. Newsweek has named the Company one of America's Most Trustworthy Companies for three consecutive years, and one of the World's Most Trustworthy Companies (2025). Century Communities has also been designated as one of U.S. News & World Report's Best Companies to Work For (2025-2026). Through its Century Communities and Century Complete brands, Century's mission is to build attractive, high-quality homes at affordable prices to provide its valued customers with A HOME FOR EVERY DREAM®. Century is engaged in all aspects of homebuilding — including the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Company operates in 16 states and over 45 markets across the U.S., and also offers mortgage, title, insurance brokerage, and escrow services in select markets through its Inspire Home Loans, Parkway Title, IHL Home Insurance Agency, and IHL Escrow subsidiaries. To learn more about Century Communities, please visit www.centurycommunities.com. View original content to download multimedia:https:...
Investor releaseQuarter not tagged2026-02-05Century Communities Increases Quarterly Cash Dividend
PR Newswire
Century Communities Increases Quarterly Cash Dividend
GREENWOOD VILLAGE, Colo., Feb. 4, 2026 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), one of the nation's largest homebuilders, today announced that its Board of Directors has declared a quarterly cash dividend of $0.32 per share, an increase of 10 percent over the previous $0.29 per share. This dividend is payable on March 11, 2026 to stockholders of record as of the close of business on February 25, 2026. About Century Communities: Century Communities, Inc. (NYSE: CCS) is one of the nation's largest homebuilders and a recognized industry leader in online home sales. Newsweek has named the Company one of America's Most Trustworthy Companies for three consecutive years, and Century Communities has also been designated as one of U.S. News & World Report's Best Companies to Work For (2025-2026). Through its Century Communities and Century Complete brands, Century's mission is to build attractive, high-quality homes at affordable prices to provide its valued customers with A HOME FOR EVERY DREAM®. Century is engaged in all aspects of homebuilding — including the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Company operates in 16 states and over 45 markets across the U.S., and also offers mortgage, title, insurance brokerage, and escrow services in select markets through its Inspire Home Loans, Parkway Title, IHL Home Insurance Agency, and IHL Escrow subsidiaries. To learn more about Century Communities, please visit www.centurycommunities.com. Contact Information: Tyler Langton, Senior Vice President of Investor Relations and Finance 303-268-8345 [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/century-communities-increases-quarterly-cash-dividend-302679443.html
Investor releaseQuarter not tagged2026-01-29Century Communities (CCS) Q4 Earnings and Revenues Surpass Estimates
Zacks
Century Communities (CCS) Q4 Earnings and Revenues Surpass Estimates
Century Communities (CCS) came out with quarterly earnings of $1.59 per share, beating the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $3.49 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +14.80%. A quarter ago, it was expected that this single-family homebuilder would post earnings of $0.86 per share when it actually produced earnings of $1.52, delivering a surprise of +76.74%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Century Communities, which belongs to the Zacks Building Products - Home Builders industry, posted revenues of $1.23 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 15.63%. This compares to year-ago revenues of $1.27 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Century Communities shares have added about 6.9% since the beginning of the year versus the S&P 500's gain of 1.9%. While Century Communities has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Century Communities was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near futu...
Investor releaseQuarter not tagged2026-01-29Century Communities: Q4 Earnings Snapshot
Associated Press Finance
Century Communities: Q4 Earnings Snapshot
GREENWOOD VILLAGE, Colo. (AP) — GREENWOOD VILLAGE, Colo. (AP) — Century Communities Inc. (CCS) on Wednesday reported profit of $36 million in its fourth quarter. The Greenwood Village, Colorado-based company said it had profit of $1.21 per share. Earnings, adjusted for one-time gains and costs, were $1.59 per share. The single-family homebuilder posted revenue of $1.23 billion in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $1.07 billion. For the year, the company reported profit of $147.6 million, or $4.86 per share. Revenue was reported as $4.12 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CCS at https://www.zacks.com/ap/CCS
Investor releaseQuarter not tagged2026-01-29Century Communities Q4 Earnings Call Highlights
MarketBeat
Century Communities Q4 Earnings Call Highlights
Record net orders and stronger sales pace: Century reported a record 2,702 net orders in Q4, delivered 3,435 residential units (3,030 new homes) and saw net new contracts up 10% year‑over‑year while using incentives and greater ARM uptake (≈25% of originations) to support closings. Operational and financial improvement offset margin pressure: direct construction costs fell (≈$13,000 per start average in 2025), cycle times improved to a company‑record 114 days, finished spec inventory was reduced nearly 30%, and balance‑sheet metrics improved with net homebuilding debt to net capital down to 25.9% and $1.1 billion in liquidity. 2026 outlook and shareholder returns: management guided 2026 deliveries of 10,000–11,000 and home sales revenue of $3.6–$4.1 billion, expects modest community growth, maintained a $0.29 quarterly dividend, repurchased $20 million of stock in Q4 (2.3M shares for the year), and ended with ~61,000 owned/controlled lots and flexible option lots to manage risk. Interested in Century Communities, Inc.? Here are five stocks we like better. 2 Real-Estate Related Stocks Showing Signs Of Being Undervalued Century Communities (NYSE:CCS) executives said the homebuilder finished 2025 ahead of its recent guidance across most operating and financial metrics, citing a record fourth-quarter order performance, improved build efficiency, and continued balance sheet de-leveraging despite a “challenging year for the new home market.” Executive Chairman Dale Francescon said the company delivered 3,435 residential units in the fourth quarter, including 3,030 new homes, 105 previously leased rental homes, and 300 multifamily units through Century Living, bringing full-year residential units delivered to 10,792. → Trump Triggers Buying Opportunity in UnitedHealth Group 3 Undervalued Dividend Payers For Volatile Market Conditions Management highlighted that fourth-quarter results benefited from a deliberate focus on increasing sales pace in older, higher-cost communities and communities in closeout, supported by pricing and financing incentives. The approach helped drive fourth-quarter net orders of 2,702 homes, which the company described as a record. CEO Rob Francescon added that net new contracts were up 10% versus the prior year and up 13% sequentially—an improvement compared with the company’s historical average sequential fourth-quarter decline of about 6...