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Century Reports Q3 Revenue of $864.5M, Acquires HistoryMaker Homes
Reports Q3 revenue $864.5M vs. $980.3M. last year. Rob Francescon, Chief Executive Officer and President, said, "In early October, we acquired substantially all of the assets of HistoryMaker Homes in support of our strategy of deepening our share in existing markets to drive improved margins and returns. This acquisition will accelerate our growth in the largest housing market in the country and one we believe will benefit from solid long-term fundamentals. Specifically, the transaction will increase Century's Dallas division's active communities from 12 to 41 communities as of September 30, 2026 and triple deliveries from 211 to 669 homes on a trailing-twelve-month basis through the third quarter 2026."
Company Expects 2026 Home Deliveries Between 9,350 and 9,650
Scott Dixon, Chief Financial Officer of the company, commented, "Given the impact of increased mortgage rates on our orders and deliveries, we now expect our full year 2026 home deliveries to be in the range of 9,350 to 9,650 homes, including 100 deliveries from HistoryMaker in the fourth quarter, and our home sales revenues to be in the range of $3.3 billion to $3.4 billion."
Century Communities Raises 2026 Home Delivery Guidance to 9,750-10,500 Homes
Century Communities raised the midpoint and low end of 2026 home delivery guidance to 9,750-10,500 homes, with home sales revenues expected to be $3.5B-$3.8B."
Century Communities Reports Q2 Revenue of $927.2M, Net Orders Up 3%
Reports Q2 revenue $927.2M vs. $1.00B last year. "We delivered strong Q2 results despite continued headwinds from macro challenges and weak consumer sentiment, with earnings per diluted share of $1.26 increasing by 11% on a year-over-year basis and 50% sequentially," said Dale Francescon, Executive Chairman. "We continued to invest in our business and ended the quarter with 330 open communities, a company record. Our balance sheet remains strong with $2.6B of stockholders' equity and $802M of liquidity, and we repurchased 352,811 shares of our common stock for $19.6M at a 38% discount to our company record book value per share of $90.24 while maintaining our quarterly cash dividend of $0.32 per share and continuing to position Century for future growth." CEO Rob Francescon said, "Our deliveries of 2,506 homes grew by 25% on a sequential basis and exceeded our guidance on stronger order activity, with our net orders of 2,615 homes increasing by 3% on a year-over-year basis and 10% sequentially. Our net orders were relatively stable throughout the quarter, with our traffic posting a sequential gain of 9% in Q2. Our adjusted homebuilding gross margin of 20.0% increased by 30 basis points on a sequential basis, benefitting from lower incentives and direct costs as we controlled our costs and inventory levels."
Century Reports Q1 Revenue of $789.7M
Reports Q1 revenue $789.7M vs. $903.23M last year. Rob Francescon, Chief Executive Officer and President, said, "Our adjusted homebuilding gross margin of 19.7% increased by 140 basis points on a sequential basis, benefitting from lower incentives and direct costs, and we decreased our finished specs at the end of the first quarter by 16% sequentially and 31% versus the prior-year quarter. Our balance sheet remains strong with $2.6 billion of stockholders' equity and $886 million of liquidity, and we repurchased 617,087 shares of our common stock for $40.0 million and increased our quarterly cash dividend by 10% to $0.32 per share while continuing to position Century for future growth."
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