Century Communities Earnings Call Transcripts
Fiscal Year 2026
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Higher rates and weaker confidence slowed orders and pressured margins, prompting lower FY2026 delivery and revenue guidance. Record community growth, disciplined costs and the HistoryMaker acquisition support longer-term expansion.
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Q2 2026 saw strong results with EPS up 50% sequentially and home deliveries exceeding guidance. Margins improved as incentives and costs declined, while record community count and book value were achieved. Guidance for full-year deliveries and revenue was raised.
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First quarter results showed strong operational performance despite market headwinds, with improved margins, reduced inventory, and continued capital returns. Guidance for 2026 was lowered due to macroeconomic pressures, but April trends indicate improving demand.
Fiscal Year 2025
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Delivered 10,792 units in 2025, exceeding guidance, with strong Q4 orders and reduced costs. 2026 guidance calls for 10,000-11,000 deliveries and $3.6-$4.1B in revenue, with flexibility to adjust for market conditions. Shareholder returns and liquidity remain robust.
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Q3 2025 saw strong operational execution with 2,486 homes delivered, improved gross margins, and continued cost controls. Guidance for full-year deliveries and revenue was narrowed, while incentives and market uncertainty remain key near-term challenges.
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Q2 2025 saw sequential growth in deliveries and improved absorption rates, but order activity remained challenged by high mortgage rates and affordability. Guidance for full-year deliveries and revenue was revised downward, while incentives and cost controls shaped margins.
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Q1 2025 saw lower home deliveries and sales prices amid economic uncertainty and higher incentives, with gross margins and net income declining year-over-year. Guidance for full-year deliveries and revenue was reduced, while cost-saving measures and increased incentives are expected to impact future margins.
Fiscal Year 2024
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Record 2024 results included 15% higher deliveries and 36% adjusted net income growth, with strong performance across all regions and a robust outlook for 2025. Guidance calls for 10% delivery growth, stable margins, and continued capital returns, despite mortgage rate volatility.
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Record Q3 results with 25% growth in home deliveries and 29% revenue increase year-over-year. Raised 2024 guidance, driven by acquisitions and organic growth, with strong performance in Texas and the Southeast. Margins remain stable despite higher incentives.
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Q2 2024 saw strong year-over-year and sequential growth in deliveries, revenues, and margins, with all regions contributing and affordability driving demand. Guidance for full-year deliveries and revenues was raised, and a new share repurchase program was authorized.