2. Reporting Segments We have identified our Financial Services operations, which provide mortgage, title, insurance and escrow services to our homebuyers, as a sixth reportable segment. Our Corporate operations are a non-operating segment, as our Corporate operations serve to support our homebuilding, and to a lesser extent our Financial Services operations, through functions, such as our executive, finance, treasury, human resources, accounting and legal departments. The following table summarizes total r ...

Century Communities Reports Increased Second Quarter 2024 Results - Increased 2024 Guidance for Home Sales Revenues and Deliveries - - Second Quarter Net Income Increased 63% YoY to $83.7 Million, or $2.61 Per Diluted Share - - Home Sales Revenues of $1.0 Billion Increased 24% YoY - - Deliveries of 2,617 Homes Increased 17% YoY - - Net New Home Contracts of 2,780 Increased 20% YoY - - J. Scott Dixon Appointed as Chief Financial Officer - Greenwood Village, Colorado (July 24, 2024) – Century Communities, Inc ...

Core Insights - Century Communities, Inc. reported a strong second quarter for 2024, with net income increasing by 63% year-over-year to $83.7 million, or $2.61 per diluted share [3][14] - The company has raised its full-year guidance for home deliveries to between 10,700 and 11,300 homes and home sales revenues to between $4.2 billion and $4.4 billion [33] Financial Performance - Home sales revenues reached $1.0 billion, marking a 24% increase year-over-year [11][15] - Deliveries of homes totaled 2,617, reflecting a 17% increase compared to the same quarter last year [14][15] - Net new home contracts were 2,780, up 20% year-over-year [4][14] - Adjusted net income, excluding certain accounting impacts, was $85.2 million, or $2.65 per diluted share, a 66% increase year-over-year [2][3] Operational Highlights - The company achieved an adjusted homebuilding gross margin of 24%, an increase of 300 basis points from the previous year [2][16] - Century Communities maintained a community count of 266, a record for the company, representing a 14% increase year-over-year [14] - The average sales price of home deliveries for the second quarter was $388,800 [15] Balance Sheet and Liquidity - As of June 30, 2024, the company reported stockholders' equity of $2.5 billion and total liquidity of $840.5 million, including $151.5 million in cash [6] - The book value per share increased to a record $78.68 [5] Leadership Changes - J. Scott Dixon was appointed as Chief Financial Officer, having previously served as Interim CFO since March 2024 [8][19]

Online homebuying leader now selling from the mid $300s at The Lakes at Rancho El Dorado MARICOPA, Ariz., July 17, 2024 /PRNewswire/ -- Century Communities, Inc.—one of the nation's largest homebuilders, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2024—revealed it's joined Maricopa's anticipated planned community: The Lakes at Rancho El Dorado. The Lakes at Rancho El Dorado by Century Communities | New Homes in Marico ...

Core Insights - Century Communities, Inc. is expanding its presence in the Jacksonville area by opening three new communities, which will collectively offer over 120 new homesites [1][2][14] - The company is recognized as one of the largest homebuilders in the U.S. and is a leader in online home sales, having been ranked as the most trustworthy homebuilder by Newsweek in 2024 [1][17] - The new communities include Nobles Crossing in Palatka, Greystone in Glen Saint Mary, and The Landing at Crooked River in Kingsland, GA, with pricing details to be announced soon [3][4][6] Company Overview - Century Communities operates under the brands Century Communities and Century Complete, focusing on building high-quality homes at affordable prices [17] - The company is involved in all aspects of homebuilding, including land acquisition, development, construction, and sales, and operates in 18 states across over 45 markets in the U.S. [17] - Century Communities also provides title, insurance, and lending services through its subsidiaries [17] Market Position - Jacksonville is identified as one of the hottest housing markets in the nation, prompting Century Communities to address the demand for quality and affordable homes [2] - The new communities are strategically located to provide residents with convenient access to local attractions, shopping, medical services, and recreational amenities [14]

Core Insights - Century Communities, Inc. is launching its Purple Tag Sales Event, offering significant savings on new homes across the nation, reinforcing its position as a leading homebuilder and innovator in online home sales [1][2][7] Group 1: Sales Event Details - The Purple Tag Sales Event features discounts of up to 25% off rates, competitive financing options, and closing cost assistance through affiliate lender Inspire Home Loans® [2][5] - The event aims to make homeownership more attainable for buyers nationwide, with a focus on an easy online homebuying experience [2][6] Group 2: Company Overview - Century Communities is recognized as one of the largest homebuilders in the U.S. and has been ranked as the most trustworthy homebuilder by Newsweek for 2024 [1][7] - The company operates in 18 states and over 45 markets, providing a range of services including title, insurance, and lending through its subsidiaries [7]

Century Communities (CCS) shares ended the last trading session 8.6% higher at $88.26. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1.8% loss over the past four weeks. For Century Communities, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to k ...

Core Insights - Century Communities is expanding its offerings in two planned communities, Twelve Bridges and SOMO Village, providing a variety of home options for buyers [1][4][6] Group 1: Community Offerings - Twelve Bridges features two-story floor plans with 3 to 4 bedrooms, up to 2,431 square feet, and 2-bay garages, with homes available for summer and fall move-ins [1] - SOMO Village offers two collections starting from the low $700s, with homes designed for modern living [1][5] - Combined, the communities present four single-family home collections starting from the mid $500s, featuring contemporary layouts and smart home technology [4][6] Group 2: Online Homebuying Experience - Century Communities provides an online homebuying platform, allowing customers to shop for homes, fill out forms, and electronically sign contracts [2][8] - The company emphasizes its industry-first online homebuying experience for all available homes in California [7] Group 3: Company Overview - Century Communities, Inc. is a leading homebuilder in the U.S., recognized for its online sales and ranked as one of America's Most Trustworthy Companies in 2024 [6] - The company operates in 18 states and over 45 markets, offering a range of services including title, insurance, and lending through its subsidiaries [6]

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