- Century Communities (CCS, Financial) reported Q1 2025 revenue of $903.2 million with a net income of $39.4 million.
- The company delivered 2,284 homes and secured 2,692 net new home contracts.
- CCS revised its 2025 guidance due to economic uncertainty and is now expecting 10,400-11,000 home deliveries.
Century Communities, Inc. (CCS) announced its financial results for the first quarter of 2025, reporting total revenues of $903.2 million. This included the delivery of 2,284 homes and securing 2,692 net new home contracts, reflecting the company's ongoing efforts to maintain its market presence in the face of economic challenges.
The company achieved a net income of $39.4 million, translating to $1.26 per diluted share, while adjusted net income stood at $42.2 million, or $1.36 per diluted share. Century Communities' homebuilding gross margin was reported at 19.9%, with an adjusted gross margin of 21.6%, indicating resilient pricing strategies amid market pressures.
Additionally, CCS's community count saw a significant year-over-year increase of 26%, reaching a total of 318 communities. The balance sheet showed $2.6 billion in stockholders' equity and $788 million in liquidity, underscoring the company’s strong financial position. The company enhanced its credit facility, boosting its capacity to $1.0 billion.
Amidst economic uncertainties and interest rate volatility, Century Communities revised its full-year 2025 guidance, now projecting 10,400 to 11,000 home deliveries and home sales revenues ranging from $4.0 billion to $4.2 billion. The company also repurchased 753,337 shares for $55.6 million during the first quarter and increased its quarterly dividend by 12% to $0.29 per share, reflecting confidence in its financial strength despite market headwinds.
