CCS · Century Communities, Inc.

Century Communities delivered strong second quarter results despite macro headwinds, with net income of $36.1 million ($1.26 per diluted share) improving 11% year-over-year and 50% sequentially. Total revenues of $927.2 million were driven by 2,506 home deliveries, which grew 25% sequentially and exceeded the company's guidance on stronger order activity. Net new home contracts of 2,615 increased 3% year-over-year and 10% sequentially, supported by a 9% sequential gain in traffic. The company's ending community count reached a record 330, up from 327 a year ago, positioning it for future growth. Adjusted homebuilding gross margin of 20.0% improved 30 basis points sequentially, benefiting from lower incentives and controlled costs. The balance sheet remains robust with $2.6 billion of stockholders' equity and $802 million of liquidity. Management raised the full-year 2026 home delivery guidance to a range of 9,750 to 10,500 homes, with home sales revenues expected between $3.5 billion and $3.8 billion. The company also maintained its quarterly cash dividend of $0.32 per share and repurchased 352,811 shares at a 38% discount to book value, reflecting disciplined capital allocation.