CCS · Century Communities, Inc.

Century Communities' Q1 2026 results showed revenue of $789.7 million and net income of $24.4 million ($0.84 diluted EPS), down from $903.2 million and $39.4 million ($1.26 EPS) in Q1 2025, driven by fewer deliveries (2,013 vs 2,284 homes) and lower average sales price ($364,700 vs $386,900). Home sales revenues fell to $734.1 million amid market headwinds including higher interest rates, gas prices, and weaker consumer sentiment, particularly intensifying in March. Despite this, net new contracts rose sequentially to 2,379 with traffic improving throughout the quarter and cancellation rates below 2025 levels, signaling buyer commitment. Adjusted homebuilding gross margin expanded 140 basis points sequentially to 19.7% due to lower incentives and direct costs, while SG&A held at 15.8% of home sales. Backlog stood at 1,155 homes ($438.5 million value), and community count edged to 316. Balance sheet strength persisted with $2.6 billion equity, $886 million liquidity, and controlled leverage (32.2% debt to capital). Management highlighted sequential sales growth and reduced finished specs by 16% quarter-over-quarter. Capital returns included $40 million share repurchases (617,087 shares) and a 10% dividend hike to $0.32 per share. Guidance was lowered for FY2026 to 9,500-10,500 deliveries and $3.5-3.8 billion home sales revenues, citing Middle East conflict, gas prices, and rates impacting orders.