StockNews.AI
CCS
StockNews.AI
27 days

Century Communities Reports Second Quarter 2025 Results

1. Century Communities recorded $1.0 billion in Q2 2025 revenues. 2. Net income was $34.9 million, down 58.4% YoY. 3. Community count increased 23% YoY to a record 327. 4. Adjusted net income remained strong at $42.1 million. 5. Home deliveries saw a sequential increase of 13% despite market challenges.

50m saved
Insight
Article

FAQ

Why Bullish?

Despite a drop in net income, key metrics like community count and adjusted net income show resilience. Positive historical shifts in community expansion usually correlate with future revenue growth.

How important is it?

The detailed financial performance shows potential for growth despite current headwinds, influencing investor sentiment positively. Furthermore, their strategic focus on operational efficiency can lead to stability in earnings.

Why Long Term?

The growth in community count and strategic repurchase of shares indicates a positive long-term outlook. Although immediate financial metrics show challenges, adaptations in strategy position the company for recovery.

Related Companies

- Deliveries of 2,587 Homes Generating $1.0 Billion in Total Revenues -- Net New Home Contracts of 2,546 -- Net Income of $34.9 Million, or $1.14 Per Diluted Share -- Adjusted Net Income of $42.1 Million, or $1.37 Per Diluted Share -- Community Count Increased 23% YoY to a Company record 327 –- Recognized as One of the 2025 Best Companies to Work For by U.S. News & World Report - , /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), one of the nation's largest homebuilders, today announced financial results for its second quarter ended June 30, 2025. Second Quarter 2025 Highlights Net income of $34.9 million, or $1.14 per diluted share Adjusted net income of $42.1 million, or $1.37 per diluted share Pre-tax income of $47.1 million Total revenues of $1.0 billion Community count of 327, a Company record Deliveries of 2,587 homes Net new home contracts of 2,546 Repurchased 883,602 shares of common stock, or roughly 3% of shares outstanding Book value per share of $86.39, a Company record "Our second quarter results were in line with our expectations as we continued to execute well in a challenging environment resulting from elevated mortgage rates, affordability constraints, economic uncertainty and lower consumer confidence," said Dale Francescon, Executive Chairman. "Despite the market headwinds, second quarter deliveries of 2,587 homes increased by 13% on a sequential basis as customers responded to incentives and we were able to sell and close a greater number of homes within the quarter. We continued to focus on balancing pace with price during the quarter, successfully managed our costs, and drove further improvement in our cycle times." Rob Francescon, Chief Executive Officer and President, said, "Our community count grew by 23% on a year-over-year basis to 327, a Company record, and we continue to expect our 2025 year end community count to increase in the mid-single digit percentage range. We remained disciplined on the land front and reassessed deals to ensure that they met our targets in the current environment. Our balance sheet remains strong with $2.6 billion of stockholders' equity and $858 million of liquidity, and our book value per share of $86.39 increased by 10% on a year-over-year basis. In the second quarter, we repurchased 883,602 shares of our common stock, or roughly 3% of our shares outstanding at the beginning of the quarter, for $48.0 million." Second Quarter 2025 Results Net income for the second quarter 2025 was $34.9 million, or $1.14 per diluted share. Adjusted net income, which excludes inventory impairment and purchase price accounting, was $42.1 million, or $1.37 per diluted share. Total revenues were $1.0 billion, with second quarter home sales revenues totaling $976.5 million. Deliveries totaled 2,587 homes. The average sales price of home deliveries for the second quarter 2025 was $377,500. Net new home contracts in the second quarter 2025 were 2,546, and at the end of the second quarter 2025, the Company had 1,217 homes in backlog, representing $466.0 million of backlog dollar value. Adjusted homebuilding gross margin percentage, excluding interest, inventory impairment and purchase price accounting, was 20.0% in the second quarter of 2025. Adjusted homebuilding gross margin percentage excluding inventory impairment in the second quarter 2025 was 18.4%, and homebuilding gross margin was 17.6%. Selling, general, and administrative expenses as a percent of home sales revenues was 13.2% in the quarter. Adjusted EBITDA and EBITDA for the second quarter 2025 were $75.9 million and $66.5 million, respectively. Financial services revenues and pre-tax income were $23.8 million and $6.2 million, respectively, in the second quarter 2025. Balance Sheet and Liquidity The Company ended the second quarter 2025 with a strong financial position, including $2.6 billion of stockholders' equity and $857.6 million of total liquidity, including $127.6 million of cash. Our book value per share was $86.39 as of June 30, 2025. During the second quarter, consistent with our disciplined capital allocation approach to enhance the long-term value of the Company and return capital to our shareholders, we maintained our quarterly cash dividend of $0.29 per share and repurchased 883,602 shares of common stock for $48.0 million. As of June 30, 2025, homebuilding debt to capital equaled 33.3% and net homebuilding debt to net capital equaled 31.0%. Full Year 2025 Outlook Scott Dixon, Chief Financial Officer of the Company, commented, "Due to current market conditions, we are revising our full year 2025 home delivery guidance to be in the range of 10,000 to 10,500 homes and our home sales revenues to be in the range of $3.8 to $4.0 billion." Webcast and Conference Call The Company will host a webcast and conference call on Wednesday, July 23, 2025, at 5:00 p.m. Eastern time, 3:00 p.m. Mountain time, to review the Company's second quarter 2025 results, provide commentary, and conduct a question-and-answer session. To participate in the call, please dial 800-549-8228 (domestic) or 646-564-2877 (international) and enter the conference ID 57087. The live webcast will be available at www.centurycommunities.com in the Investors section. A replay of the conference call will be available through July 30, 2025, by dialing 888-660-6264 (domestic) or 646-517-3975 (international) and entering conference ID 57087. A replay of the webcast will be available on the Company's website for at least one year. 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. Non-GAAP Financial Measures In addition to the Company's operating results presented in accordance with United States generally accepted accounting principles (GAAP), this press release includes the following non-GAAP financial measures: adjusted net income, adjusted diluted earnings per share, adjusted homebuilding gross margin, EBITDA, adjusted EBITDA, and ratio of net homebuilding debt to net capital. These non-GAAP financial measures should not be used as a substitute for the Company's operating results presented in accordance with GAAP, and an analysis of any non-GAAP financial measure should be used in conjunction with results presented in accordance with GAAP. Please refer to the reconciliation of each of the above referenced non-GAAP financial measures following the historical financial information presented in this press release. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, as such, may involve known and unknown risks, uncertainties and assumptions. Forward-looking statements may be identified by the use of words such as "anticipate," "believe," "expect," "intend," "estimate," "plan," "continue," "will," "may," "should," "potential," "guidance" and "outlook" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements in this release include the Company's operating and financial guidance for 2025, including without limitation anticipated home deliveries and revenues and increased community count. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on historical information available at the time the statements are made and are based on management's reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company's control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. The following important factors could cause actual results to differ materially from those expressed in the forward-looking statement: adverse changes in general economic conditions, including increased interest rates, inflation, and employment levels; lower consumer confidence; the potential impact of tariffs and increased costs, immigration reform, global supply chain disruptions, labor, land and raw material or other resource shortages and delays, and municipal and utility delays on the Company's business, industry and the broader economy; the ability to identify and acquire desirable land; availability and cost of financing; the effect of tax changes; reliance on contractors and key personnel; availability and pricing for land, labor and raw materials and other resources; home incentive levels; future impairment and restructuring charges; the ability to pay dividends in the future; and the other factors included in the Company's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law. Century Communities, Inc. Consolidated Statements of Operations (Unaudited) (in thousands, except share and per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Revenues Homebuilding Revenues Home sales revenues $ 976,467 $ 1,017,414 $ 1,860,204 $ 1,939,816 Land sales and other revenues 483 377 1,445 1,593 Total homebuilding revenues 976,950 1,017,791 1,861,649 1,941,409 Financial services revenues 23,774 21,659 42,308 46,585 Total revenues 1,000,724 1,039,450 1,903,957 1,987,994 Homebuilding Cost of Revenues Cost of home sales revenues (797,162) (787,556) (1,504,666) (1,513,127) Cost of land sales and other revenues (69) — (897) (37) Total homebuilding cost of revenues (797,231) (787,556) (1,505,563) (1,513,164) Financial services costs (17,550) (15,996) (33,724) (30,873) Selling, general, and administrative (128,837) (125,973) (249,596) (240,082) Inventory impairment (7,360) (570) (7,771) (570) Other (expense) income, net (2,663) 1,278 (7,702) (8,353) Income before income tax expense 47,083 110,633 99,601 194,952 Income tax expense (12,229) (26,909) (25,363) (46,897) Net income $ 34,854 $ 83,724 $ 74,238 $ 148,055 Earnings per share: Basic $ 1.15 $ 2.65 $ 2.43 $ 4.67 Diluted $ 1.14 $ 2.61 $ 2.40 $ 4.60 Weighted average common shares outstanding: Basic 30,366,109 31,648,130 30,582,376 31,728,544 Diluted 30,680,708 32,092,789 30,912,086 32,165,798 Century Communities, Inc. Consolidated Balance Sheets (Unaudited) (in thousands, except share amounts) June 30, December 31, 2025 2024 Assets (unaudited) (audited) Cash and cash equivalents $ 93,246 $ 149,998 Cash held in escrow 34,349 3,004 Accounts receivable 68,893 50,318 Inventories 3,509,639 3,454,337 Mortgage loans held for sale 184,390 236,926 Prepaid expenses and other assets 539,684 419,384 Property and equipment, net 86,865 155,176 Deferred tax assets, net 21,315 22,220 Goodwill 41,109 41,109 Total assets $ 4,579,490 $ 4,532,472 Liabilities and stockholders' equity Liabilities: Accounts payable $ 145,269 $ 133,086 Accrued expenses and other liabilities 283,588 302,317 Notes payable 1,135,202 1,107,909 Revolving line of credit 270,000 135,500 Mortgage repurchase facilities 181,440 232,804 Total liabilities 2,015,499 1,911,616 Stockholders' equity: Preferred stock, $0.01 par value, 50,000,000 shares authorized, none outstanding — — Common stock, $0.01 par value, 100,000,000 shares authorized, 29,679,571 and 30,961,227 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 297 310 Additional paid-in capital 414,002 526,959 Retained earnings 2,149,692 2,093,587 Total stockholders' equity 2,563,991 2,620,856 Total liabilities and stockholders' equity $ 4,579,490 $ 4,532,472 Century Communities, Inc. Homebuilding Operational Data (Unaudited) Net New Home Contracts Three Months Ended June 30, Six Months Ended June 30, 2025 2024 % Change 2025 2024 % Change West 323 376 (14.1) % 715 816 (12.4) % Mountain 336 552 (39.1) % 798 1,163 (31.4) % Texas 504 520 (3.1) % 1,003 1,034 (3.0) % Southeast 384 386 (0.5) % 771 836 (7.8) % Century Complete 999 946 5.6 % 1,951 1,797 8.6 % Total 2,546 2,780 (8.4) % 5,238 5,646 (7.2) % Home Deliveries  (dollars in thousands) Three Months Ended June 30, 2025 2024 % Change Homes Average Sales Price Homes Average SalesPrice Homes Average SalesPrice West 335 $ 602.5 325 $ 626.7 3.1 % (3.9) % Mountain 396 521.0 486 532.7 (18.5) % (2.2) % Texas 501 294.2 485 301.1 3.3 % (2.3) % Southeast 401 429.9 349 441.3 14.9 % (2.6) % Century Complete 954 260.5 972 262.2 (1.9) % (0.6) % Total / Weighted Average 2,587 $ 377.5 2,617 $ 388.8 (1.1) % (2.9) % Six Months Ended June 30, 2025 2024 % Change Homes Average SalesPrice Homes Average SalesPrice Homes Average SalesPrice West 638 $ 601.0 609 $ 617.3 4.8 % (2.6) % Mountain 825 522.6 981 523.0 (15.9) % (0.1) % Texas 958 296.5 909 304.9 5.4 % (2.8) % Southeast 704 435.7 728 433.4 (3.3) % 0.5 % Century Complete 1,746 260.5 1,748 262.1 (0.1) % (0.6) % Total / Weighted Average 4,871 $ 381.9 4,975 $ 389.9 (2.1) % (2.1) % Century Communities, Inc. Homebuilding Operational Data (Unaudited) Selling Communities As of June 30, Increase/Decrease 2025 2024 Amount % Change West 36 26 10 38.5 % Mountain 51 47 4 8.5 % Texas 75 45 30 66.7 % Southeast 43 34 9 26.5 % Century Complete 122 114 8 7.0 % Total 327 266 61 22.9 % Backlog (dollars in thousands) As of June 30, 2025 2024 % Change Homes Dollar Value Average Sales Price Homes Dollar Value Average Sales Price Homes Dollar Value Average Sales Price West 236 $ 142,012 $ 601.7 313 $ 213,931 $ 683.5 (24.6) % (33.6) % (12.0) % Mountain 122 66,572 545.7 345 198,484 575.3 (64.6) % (66.5) % (5.1) % Texas 222 67,939 306.0 293 87,826 299.7 (24.2) % (22.6) % 2.1 % Southeast 174 75,720 435.2 250 107,965 431.9 (30.4) % (29.9) % 0.8 % Century Complete 463 113,747 245.7 552 146,417 265.2 (16.1) % (22.3) % (7.4) % Total / Weighted Average 1,217 $ 465,990 $ 382.9 1,753 $ 754,623 $ 430.5 (30.6) % (38.2) % (11.1) % Lot Inventory As of June 30, 2025 2024 % Change Owned Controlled Total Owned Controlled Total Owned Controlled Total West 3,948 3,097 7,045 4,434 3,665 8,099 (11.0) % (15.5) % (13.0) % Mountain 8,905 1,344 10,249 8,651 4,987 13,638 2.9 % (73.0) % (24.8) % Texas 14,900 5,493 20,393 9,777 9,823 19,600 52.4 % (44.1) % 4.0 % Southeast 5,095 8,392 13,487 5,461 12,446 17,907 (6.7) % (32.6) % (24.7) % Century Complete 4,571 12,956 17,527 4,454 14,399 18,853 2.6 % (10.0) % (7.0) % Total 37,419 31,282 68,701 32,777 45,320 78,097 14.2 % (31.0) % (12.0) % % of Total 54.5 % 45.5 % 100.0 % 42.0 % 58.0 % 100.0 % Century Communities, Inc.Reconciliation of Non-GAAP Financial Measures(Unaudited) Adjusted net income and adjusted diluted earnings per share ("Adjusted EPS") are non-GAAP financial measures that the Company believes are useful to management, investors and other users of its financial information in evaluating its operating results and understanding its operating trends without the effect of certain non-recurring items. The Company believes excluding certain non-recurring items provides more comparable assessment of its financial results from period to period. The Company defines adjusted net income as consolidated net income before (i) income tax expense; (ii) inventory impairment; (iii) restructuring costs; (iv) impairment on other investment; (v) purchase price accounting for acquired work in process inventory; and (vi) loss on debt extinguishment; in each case, as applicable during a period, less adjusted income tax expense, calculated using the Company's estimated annual effective tax rate after discrete items for the applicable period. Adjusted EPS is calculated by dividing adjusted net income by weighted average common shares – diluted. Adjusted Net Income and Adjusted Diluted Earnings Per Share (in thousands, except share and per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Numerator Net income $ 34,854 $ 83,724 $ 74,238 $ 148,055 Denominator Weighted average common shares outstanding - basic 30,366,109 31,648,130 30,582,376 31,728,544 Dilutive effect of stock-based compensation awards 314,599 444,659 329,710 437,254 Weighted average common shares outstanding - diluted 30,680,708 32,092,789 30,912,086 32,165,798 Earnings per share: Basic $ 1.15 $ 2.65 $ 2.43 $ 4.67 Diluted $ 1.14 $ 2.61 $ 2.40 $ 4.60 Adjusted earnings per share Numerator Net income $ 34,854 $ 83,724 $ 74,238 $ 148,055 Income tax expense 12,229 26,909 25,363 46,897 Income before income tax expense 47,083 110,633 99,601 194,952 Inventory impairment 7,360 570 7,771 570 Restructuring costs — — 1,505 — Impairment on other investment — — — 7,722 Purchase price accounting for acquired work in process inventory 2,041 973 3,933 2,553 Adjusted income before income tax expense 56,484 112,176 112,810 205,797 Adjusted income tax expense(1) (14,384) (26,985) (28,727) (49,506) Adjusted net income $ 42,100 $ 85,191 $ 84,083 $ 156,291 Denominator - Diluted 30,680,708 32,092,789 30,912,086 32,165,798 Adjusted diluted earnings per share $ 1.37 $ 2.65 $ 2.72 $ 4.86 (1) The tax rates used in calculating adjusted net income for the three and six months ended June 30, 2025 were 25.5%, respectively, which are reflective of our GAAP tax rates for the six months ended June 30, 2025. The tax rates used in calculating adjusted net income for the three and six months ended June 30, 2024 were 24.1%, respectively, which are reflective of our GAAP tax rates for the six months ended June 30, 2024. Century Communities, Inc.Reconciliation of Non-GAAP Financial Measures(Unaudited) Adjusted homebuilding gross margin excluding inventory impairment (if applicable), interest in cost of home sales revenues, and purchase price accounting for acquired work in process inventory (if applicable), is not a measurement of financial performance under GAAP; however, the Company's management believes that this information is meaningful as it isolates the impact that inventory impairment, indebtedness, and acquisitions have on homebuilding gross margin and permits the Company's stockholders to make better comparisons with the Company's competitors, who adjust gross margins in a similar fashion.  This non-GAAP financial measure should not be used as a substitute for the Company's GAAP operating results.  An analysis of any non-GAAP financial measure should be used in conjunction with results presented in accordance with GAAP. Adjusted Homebuilding Gross Margin (in thousands) Three Months Ended June 30, 2025 % 2024 % Home sales revenues $ 976,467 100.0 % $ 1,017,414 100.0 % Cost of home sales revenues (797,162) (81.6) % (787,556) (77.4) % Inventory impairment (7,360) (0.8) % (570) (0.1) % Homebuilding gross margin 171,945 17.6 % 229,288 22.5 % Add: Inventory impairment 7,360 0.8 % 570 0.1 % Adjusted homebuilding gross margin excluding inventory impairment 179,305 18.4 % 229,858 22.6 % Add: Interest in cost of home sales revenues 14,204 1.5 % 13,592 1.3 % Add: Purchase price accounting for acquired work in process inventory 2,041 0.2 % 973 0.1 % Adjusted homebuilding gross margin excluding interest, inventory impairment and purchase price accounting for acquired work in process inventory $ 195,550 20.0 % $ 244,423 24.0 % Six Months Ended June 30, 2025 % 2024 % Home sales revenues $ 1,860,204 100.0 % $ 1,939,816 100.0 % Cost of home sales revenues (1,504,666) (80.9) % (1,513,127) (78.0) % Inventory impairment (7,771) (0.4) % (570) (0.0) % Homebuilding gross margin 347,767 18.7 % 426,119 22.0 % Add: Inventory impairment 7,771 0.4 % 570 0.0 % Adjusted homebuilding gross margin excluding inventory impairment 355,538 19.1 % 426,689 22.0 % Add: Interest in cost of home sales revenues 26,989 1.5 % 25,625 1.3 % Add: Purchase price accounting for acquired work in process inventory 3,933 0.2 % 2,553 0.1 % Adjusted homebuilding gross margin excluding interest, inventory impairment and purchase price accounting for acquired work in process inventory $ 386,460 20.8 % $ 454,867 23.4 % Century Communities, Inc.Reconciliation of Non-GAAP Financial Measures(Unaudited) EBITDA and Adjusted EBITDA  EBITDA and adjusted EBITDA are non-GAAP financial measures the Company uses as supplemental measures in evaluating operating performance. The Company defines EBITDA as net income before (i) income tax expense, (ii) interest in cost of home sales revenues, (iii) other interest expense (income), and (iv) depreciation and amortization expense. The Company defines adjusted EBITDA as EBITDA before inventory impairment, restructuring costs, impairment on other investment, purchase price accounting for acquired work in process inventory and loss on debt extinguishment, in each case as applicable during a period. The Company believes EBITDA and adjusted EBITDA provide an indicator of general economic performance that is not affected by fluctuations in interest rates or effective tax rates, levels of depreciation or amortization, and items considered to be non-recurring. Accordingly, the Company's management believes that these measurements are useful for comparing general operating performance from period to period. Neither EBITDA nor adjusted EBITDA should be considered in addition to, and not as a substitute for, consolidated net income in accordance with GAAP as a measure of performance. The presentation of adjusted EBITDA should not be construed as an indication that the Company's future results will be unaffected by unusual or non-recurring items. Each of EBITDA and adjusted EBITDA is limited as an analytical tool, and should not be considered in isolation or as a substitute for analysis of the Company's results of operations as reported under GAAP. (in thousands) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 % Change 2025 2024 % Change Net income $ 34,854 $ 83,724 (58.4) % $ 74,238 $ 148,055 (49.9) % Income tax expense 12,229 26,909 (54.6) % 25,363 46,897 (45.9) % Interest in cost of home sales revenues 14,204 13,592 4.5 % 26,989 25,625 5.3 % Interest income (1,229) (810) 51.7 % (431) (2,324) (81.5) % Depreciation and amortization expense 6,434 5,689 13.1 % 12,862 11,165 15.2 % EBITDA $ 66,492 $ 129,104 (48.5) % $ 139,021 $ 229,418 (39.4) % Inventory impairment 7,360 570 1,191.2 % 7,771 570 1,263.3 % Restructuring costs — — NM 1,505 — NM Impairment on other investment — — NM — 7,722 NM Purchase price accounting for acquired work in process inventory 2,041 973 109.8 % 3,933 2,553 54.1 % Adjusted EBITDA $ 75,893 $ 130,647 (41.9) % $ 152,230 $ 240,263 (36.6) % Century Communities, Inc.Reconciliation of Non-GAAP Financial Measures(Unaudited) Ratio of Net Homebuilding Debt to Net Capital The following table presents the Company's ratio of net homebuilding debt to net capital, which is a non-GAAP financial measure.  The Company calculates this by dividing net homebuilding debt (homebuilding debt less cash and cash equivalents, and cash held in escrow) by net capital (net homebuilding debt plus total stockholders' equity). Homebuilding debt is total debt minus outstanding borrowings under construction loan agreement and mortgage repurchase facilities. The most directly comparable GAAP measure is the ratio of debt to capital. The Company believes the ratio of net homebuilding debt to net capital is a relevant and useful financial measure to investors in understanding the leverage employed in its operations and as an indicator of the Company's ability to obtain external financing. (in thousands) June 30, December 31, 2025 2024 Notes payable $ 1,135,202 $ 1,107,909 Revolving line of credit 270,000 135,500 Construction loan agreements (127,687) (102,436) Total homebuilding debt 1,277,515 1,140,973 Total stockholders' equity 2,563,991 2,620,856 Total capital $ 3,841,506 $ 3,761,829 Homebuilding debt to capital 33.3 % 30.3 % Total homebuilding debt $ 1,277,515 $ 1,140,973 Cash and cash equivalents (93,246) (149,998) Cash held in escrow (34,349) (3,004) Net homebuilding debt 1,149,920 987,971 Total stockholders' equity 2,563,991 2,620,856 Net capital $ 3,713,911 $ 3,608,827 Net homebuilding debt to net capital 31.0 % 27.4 % Contact Information: Tyler Langton, Senior Vice President of Investor Relations303-268-8345[email protected] Category: Earnings SOURCE Century Communities, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News