| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 789.67 | 12.6% |
| Total Income | 789.67 | 12.6% |
| Expenditure | 756.34 | 11.1% |
| PBT | 33.33 | 36.5% |
| Net Profit | 24.41 | 38.0% |
| OPM | — | |
| NPM | 3.09% | 1.27pp |
| EPS | 0.84 | 34.4% |
Century Communities Reports Q1 2026 Revenue $789.7 Million
23 Apr 2026 · 23 Apr, 1:44 am
Summary
Century Communities reported first quarter 2026 results, with total revenues of $789.7 million driven by 2,013 home deliveries. Net income was $24.4 million, or $0.84 per diluted share, while adjusted net income reached $25.6 million, or $0.88 per diluted share. The adjusted homebuilding gross margin was 19.7%. The company repurchased shares and increased the quarterly cash dividend. Due to market conditions, the company reduced its full year 2026 home delivery guidance to be in the range of 9,500 to 10,500 homes and home sales revenues to be in the range of $3.5 billion to $3.8 billion.
Key Highlights
- 1
Century Communities reported total revenues of $789.7 million from deliveries of 2,013 homes in the first quarter of 2026.
- 2
Net new home contracts for the first quarter of 2026 totaled 2,379.
- 3
The company's net income for the first quarter of 2026 was $24.4 million, or $0.84 per diluted share.
- 4
Adjusted net income for the first quarter of 2026 reached $25.6 million, or $0.88 per diluted share.
- 5
The adjusted homebuilding gross margin was 19.7% for the first quarter of 2026.
- 6
Century Communities repurchased 617,087 shares of common stock for $40.0 million during the quarter.
- 7
The quarterly cash dividend increased by 10% to $0.32 per share.
Management Comments
Dale Francescon
We performed well in the first quarter given continued market pressures which intensified even further beginning in early March. While demand at the start of the quarter was roughly in line with year-ago levels, higher interest rates, gas prices, and increased weakness in consumer sentiment weighed on order activity most meaningfully in March, which typically represents the highest sales month of the quarter. Despite these headwinds, our traffic and net sales increased sequentially throughout the quarter, and our first quarter cancellation rate was below the levels we experienced throughout most of 2025, demonstrating the commitment of buyers once they have made the decision to purchase a home.
Rob Francescon
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.
Scott Dixon
Given the impact of the conflict in the Middle East as well as higher gas prices and interest rates on our order activity, we are reducing our full year 2026 home delivery guidance to be in the range of 9,500 to 10,500 homes and our home sales revenues to be in the range of $3.5 billion to $3.8 billion.
Informational and educational content only. Not investment advice.