CCS 12.31.24 Earnings Release 8-K Exhibit 99.1 Century Communities Reports Fourth Quarter and Full Year 2024 Results - Fourth Quarter Net Income Increased 13% YoY to $102.7 Million, or $3.20 Per Diluted Share - - Fourth Quarter Adjusted Net Income Increased 18% YoY to $112.0 Million, or $3.49 Per Diluted Share - - Full Year Deliveries Increased 15% YoY to a Company Record 11,007 - - Book Value per Share Increased 13% YoY to a Company Record $84.65 - - Community Count Increased 28% YoY to a Company Record 322 - - Full Year Net New Home Contracts Increased 21% YoY to 10,676 - Greenwood Village, Colorado (January 29 , 2025 ) – Century Communities, Inc. (NYSE: CCS), one of the nation’s largest homebuilders , today announced financial results for its fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Highlights · Net income of $102.7 million, or $3.20 per diluted share · Adjusted net income of $112.0 million, or $3.49 per diluted share · Pre-tax income of $135.2 million · Total revenues of $1.3 billion, a quarterly record for the Company · Community count of 322, a Company record · Deliveries of 3,198 homes, a quarterly record for the Company · Net new home contracts of 2,467 · Homebuilding gross margin of 20.6% · Adjusted homebuilding gross margin of 22.9% · Increased capacity of senior unsecured credit facility to $900.0 million Full Year 2024 Highlights · Net income of $333.8 million, or $10.40 per diluted share · Adjusted net income of $355.1 million, or $11.06 per diluted share · Pre-tax income of $440.1 million · Total revenues of $4.4 billion · Deliveries of 11,007 homes, a Company record · Net new home contracts of 10,676, a 21% year-over-year increase · Homebuilding gross margin of 21.5% · Adjusted homebuilding gross margin of 23.3% · Acquired Landmark Homes of Tennessee and Anglia Homes “Our fourth quarter deliveries of 3,198 homes were a quarterly record for the Company and a 13% sequential increase,” said Dale Francescon, Executive Chairman. “For the full year 2024, we delivered 11,007 homes, a Company record and a 15% increase versus the prior year, while our net new home contracts increased 21% year-over-year to 10,676. Direct cost controls and improved fixed cost leverage enabled us to increase our full year 2024 adjusted gross margin by 80 basis points to 23.3% and reduce our SG&A as a percentage of home sales revenues by 40 basis points. 2025 should represent another solid year of growth for Century, and we expect our deliveries to be in the range of 11,700 to 12,400 homes and home sales revenues to be in the range of $4.5 to $4.8 billion.” Rob Francescon, Chief Executive Officer and President, said, “Our total lot inventory of 80,632 increased by 9% on a year-over-year basis, with our controlled lots accounting for 56% of our total lots at the end of the fourth quarter. Our community count grew by 28% on a year-over-year basis to 322, a record for the Company. Our balance sheet remains strong with $2.6 billion of stockholders’ equity and $918 million of liquidity. In the fourth quarter, we repurchased 375,835 shares of our common stock for $30.7 million while reducing our net homebuilding leverage to 27.4%. For the full year 2024, we repurchased 1,027,702 shares of our common stock, or over 3% of shares outstanding at the beginning of the year, for $83.8 million.” Fourth Quarter 2024 Results Net income for the fourth quarter 2024 was $102.7 million, or $3.20 per diluted share. Adjusted net income, which excludes purchase price accounting and impairments on inventory and other investment, was $ 112.0 million, or $3.49 per diluted share. Total revenues were $1.3 billion, with fourth quarter home sales revenues totaling $1.2 billion. Deliveries totaled 3,198 homes. The average sales price of home deliveries for the fourth quarter 2024 was $389,800 . Net new home contracts in the fourth quarter 2024 were 2,467, and at the end of the fourth quarter 2024 , the Company had 850 homes in backlog, representing $351.2 million of backlog dollar value. Adjusted homebuilding gross margin percentage, excluding interest, inventory impairment and purchase price accounting, was 22.9% in the fourth quarter of 2024. Homebuilding gross margin percentage in the fourth quarter 2024 was 20.6%. Selling, general, and administrative expenses as a percent of home sales revenues was 11.5% in the quarter . Adjusted EBITDA and EBITDA for the fourth quarter 2024 were $172.6 million and $160.2 million, respectively. Financial services revenues and pre-tax income were $26.2 million and $7.9 million, respectively, in the fourth quarter 2024. Our book value per share increased to a record $84.65 as of December 31, 2024. Full Year 2024 Results Net income for the full year 2024 was $333.8 million, or $10.40 per diluted share. Adjusted net income, which excludes purchase price accounting and impairments on inventory and other investment, was $355.1 million, or $11.06 per diluted share. Total revenues were $4.4 billion, with full year 2024 home sales revenues totaling $4.3 billion. Deliveries totaled 11,007 homes. The average sales price of home deliveries for the full year 2024 was $390,900 . Net new home contracts totaled 10,676 for the full year 2024, a 21% annual increase. Adjusted homebuilding gross margin percentage, excluding interest, inventory impairment and purchase price accounting, was 23.3% in 2024. Homebuilding gross margin percentage in 2024 was 21.5 % . Selling, general, and administrative expenses as a percent of home sales revenues was 12.0% in 2024 . Adjusted EBITDA and EBITDA for the full year 2024 were $550.0 million and $521.9 million, respectively. Financial services revenues and pre-tax income were $92.9 million and $26.7 million, respectively, for the full year 2024. Balance Sheet and Liquidity The Company ended the fourth quarter 2024 with a strong financial position, including $2.6 billion of stockholders’ equity and $917.5 million of total liquidity, including $153.0 million of cash. During the fourth quarter, the Company entered into a new credit agreement, which increased the capacity of our senior unsecured credit facility to $900.0 million from $800.0 million and extended the maturity to November 2028. During the fourth quarter, the Company maintained its quarterly cash dividend of $0.26 per share and repurchased 375,835 shares of its common stock for $30.7 million. For the full year 2024, the Company paid cash dividends totaling $1.04 per share and repurchased 1,027,702 shares of its common stock, representing over 3% of shares outstanding at the beginning of the year, for $83.8 million. As of December 31, 2024, homebuilding debt to capital improved to 30.3% compared to 35.8% at September 30, 2024 and net homebuilding debt to net capital improved to 27.4% compared to 32.1% at September 30, 2024 . Full Year 2025 Outlook Scott Dixon, Chief Financial Officer of the Company, commented, “ Given the growth in our lot count and community count in 2024, we expect our full year 2025 home deliveries to be in the range of 11,700 to 12,400 homes and our home sales revenues to be in the range of $4.5 to $4.8 billion .” Webcast and Conference Call The Company will host a webcast and conference call on Wednesday, January 29, 2025, at 5:00 p.m. Eastern time, 3:00 p.m. Mountain time, to review the Company’s fourth quarter and full year 2024 results, provide commentary, and conduct a question-and-answer session. To participate in the call, please dial 833-816-1103 (domestic) or 412-317-0685 (international). The live webcast will be available at www.centurycommunities.com in the Investors section. A replay of the conference call will be available through February 5, 2025, by dialing 877-344-7529 (domestic) or 412-317-0088 (international) and entering the passcode 6429888. A replay of the webcast will be available on the Company’s website for at least one year. About Century Communities Century Communities, Inc. (NYSE: CCS) is one of the nation's largest homebuilders, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2024—consecutively awarded for a second year—and Newsweek's list of the World's Most Trustworthy Companies 2024. Through its Century Communities and Century Complete brands, Century's mission is to build attractive, high-quality homes at affordable prices to provide its valued customers with A HOME FOR EVERY DREAM®. Century is engaged in all aspects of homebuilding — including the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Company operates in 17 states and over 45 markets across the U.S., and also offers title, insurance and lending services in select markets through its Parkway Title, IHL Home Insurance Agency, and Inspire Home Loans subsidiaries. To learn more about Century Communities, please visit www.centurycommunities.com . Non-GAAP Financial Measures In addition to the Company’s operating results presented in accordance with United States generally accepted accounting principles (GAAP), this press release includes the following non-GAAP financial measures: adjusted net income, adjusted diluted earnings per share, adjusted homebuilding gross margin, EBITDA, adjusted EBITDA, and ratio of net homebuilding debt to net capital. These non-GAAP financial measures should not be used as a substitute for the Company’s operating results presented in accordance with GAAP, and an analysis of any non-GAAP financial measure should be used in conjunction with results presented in accordance with GAAP. Please refer to the reconciliation of each of the above referenced non-GAAP financial measures following the historical financial information presented in this press release. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, as such, may involve known and unknown risks, uncertainties and assumptions. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “intend,” “estimate,” “plan,” “continue,” “will,” “may,” “should,” “potential,” “guidance” and “outlook” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements in this release include the Company’s operating and financial guidance for 2025. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on historical information available at the time the statements are made and are based on management’s reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company’s control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. The following important factors could cause actual results to differ materially from those expressed in the forward-looking statement: adverse changes in general economic conditions, including increased interest rates, inflation, and employment levels; the potential impact of global supply chain disruptions, labor, land and raw material or other resource shortages and delays, and municipal and utility delays on the Company’s business, industry and the broader economy; the ability to identify and acquire desirable land; availability and cost of financing; the effect of tax changes; reliance on contractors and key personnel; availability and pricing for land, labor and raw materials or other resources; the ability to pay dividends in the future; and the other factors included in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law. Century Communities, Inc. Consolidated Statements of Operations (Unaudited) (in thousands, except share and per share amounts) Three Months Ended December 31, Year Ended December 31, 2024 2023 2024 2023 Revenues Homebuilding Revenues Home sales revenues $ 1,246,697 $ 1,185,409 $ 4,302,638 $ 3,604,434 Land sales and other revenues 511 3,717 2,753 7,528 Total homebuilding revenues 1,247,208 1,189,126 4,305,391 3,611,962 Financial services revenues 26,221 16,456 92,897 80,223 Total revenues 1,273,429 1,205,582 4,398,288 3,692,185 Homebuilding Cost of Revenues Cost of home sales revenues (982,923) (927,805) (3,369,131) (2,838,436) Cost of land sales and other revenues — (1,773) (207) (2,147) Total homebuilding cost of revenues (982,923) (929,578) (3,369,338) (2,840,583) Financial services costs (18,291) (14,677) (66,185) (48,660) Selling, general, and administrative (143,436) (131,959) (516,489) (447,311) Inventory impairment (6,835) (1,877) (8,778) (1,877) Other income (expense) 13,252 (1,417) 2,562 (2,924) Income before income tax expense 135,196 126,074 440,060 350,830 Income tax expense (32,455) (34,756) (106,244) (91,606) Net income $ 102,741 $ 91,318 $ 333,816 $ 259,224 Earnings per share: Basic $ 3.29 $ 2.87 $ 10.59 $ 8.12 Diluted $ 3.20 $ 2.83 $ 10.40 $ 8.05 Weighted average common shares outstanding: Basic 31,252,028 31,774,340 31,510,282 31,918,942 Diluted 32,091,471 32,236,990 32,110,835 32,209,359 Century Communities, Inc. C onsolidated Balance Sheet s (Unaudited) (in thousands, except share amounts) December 31, December 31, 2024 2023 Assets (unaudited) (audited) Cash and cash equivalents $ 149,998 $ 226,150 Cash held in escrow 3,004 101,845 Accounts receivable 50,318 76,213 Inventories 3,454,337 3,016,641 Mortgage loans held for sale 236,926 251,852 Prepaid expenses and other assets 419,384 350,193 Property and equipment, net 155,176 69,075 Deferred tax assets, net 22,220 16,998 Goodwill 41,109 30,395 Total assets $ 4,532,472 $ 4,139,362 Liabilities and stockholders' equity Liabilities: Accounts payable $ 133,086 $ 147,265 Accrued expenses and other liabilities 302,317 303,392 Notes payable 1,107,909 1,062,471 Revolving line of credit 135,500 — Mortgage repurchase facilities 232,804 239,298 Total liabilities 1,911,616 1,752,426 Stockholders' equity: Preferred stock, $0.01 par value, 50,000,000 shares authorized, none outstanding — — Common stock, $0.01 par value, 100,000,000 shares authorized, 30,961,227 and 31,774,615 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively 310 318 Additional paid-in capital 526,959 592,989 Retained earnings 2,093,587 1,793,629 Total stockholders' equity 2,620,856 2,386,936 Total liabilities and stockholders' equity $ 4,532,472 $ 4,139,362 Century Communities, Inc. Homebuilding Operational Data (Unaudited) Net New Home Contracts Three Months Ended December 31, Year Ended December 31, 2024 2023 % Change 2024 2023 % Change West 309 310 (0.3) % 1,490 1,159 28.6 % Mountain 379 440 (13.9) % 2,005 1,614 24.2 % Texas 499 378 32.0 % 1,987 1,630 21.9 % Southeast 387 351 10.3 % 1,619 1,296 24.9 % Century Complete 893 861 3.7 % 3,575 3,129 14.3 % Total 2,467 2,340 5.4 % 10,676 8,828 20.9 % Home Deliveries (dollars in thousands) Three Months Ended December 31, 2024 2023 % Change Homes Average Sales Price Homes Average Sales Price Homes Average Sales Price West 465 $ 612.3 395 $ 585.1 17.7 % 4.6 % Mountain 525 $ 557.9 567 $ 495.2 (7.4) % 12.7 % Texas 638 $ 298.2 458 $ 291.4 39.3 % 2.3 % Southeast 499 $ 411.6 519 $ 435.3 (3.9) % (5.4) % Century Complete 1,071 $ 255.4 1,218 $ 258.0 (12.1) % (1.0) % Total / Weighted Average 3,198 $ 389.8 3,157 $ 375.5 1.3 % 3.8 % Year Ended December 31, 2024 2023 % Change Homes Average Sales Price Homes Average Sales Price Homes Average Sales Price West 1,437 $ 627.2 1,133 $ 588.6 26.8 % 6.6 % Mountain 2,019 $ 533.4 1,892 $ 508.7 6.7 % 4.9 % Texas 2,077 $ 301.8 1,617 $ 285.2 28.4 % 5.8 % Southeast 1,654 $ 423.8 1,370 $ 434.2 20.7 % (2.4) % Century Complete 3,820 $ 260.9 3,556 $ 258.5 7.4 % 0.9 % Total / Weighted Average 11,007 $ 390.9 9,568 $ 376.7 15.0 % 3.8 % Century Communities, Inc. Homebuilding Operational Data (Unaudited) Selling Communities As of December 31, Increase/Decrease 2024 2023 Amount % Change West 30 27 3 11.1 % Mountain 49 51 (2) (3.9) % Texas 78 43 35 81.4 % Southeast 42 27 15 55.6 % Century Complete 123 103 20 19.4 % Total 322 251 71 28.3 % Backlog (dollars in thousands) As of December 31, 2024 2023 % Change Homes Dollar Value Average Sales Price Homes Dollar Value Average Sales Price Homes Dollar Value Average Sales Price West 159 $ 100,306 $ 630.9 106 $ 67,425 $ 636.1 50.0 % 48.8 % (0.8) % Mountain 149 83,915 $ 563.2 163 92,785 $ 569.2 (8.6) % (9.6) % (1.1) % Texas 177 54,314 $ 306.9 168 53,044 $ 315.7 5.4 % 2.4 % (2.8) % Southeast 107 49,778 $ 465.2 131 57,165 $ 436.4 (18.3) % (12.9) % 6.6 % Century Complete 258 62,849 $ 243.6 502 130,362 $ 259.7 (48.6) % (51.8) % (6.2) % Total / Weighted Average 850 $ 351,162 $ 413.1 1,070 $ 400,781 $ 374.6 (20.6) % (12.4) % 10.3 % Lot Inventory As of December 31, 2024 2023 % Change Owned Controlled Total Owned Controlled Total Owned Controlled Total West 4,211 4,286 8,497 4,036 3,259 7,295 4.3 % 31.5 % 16.5 % Mountain 9,037 4,052 13,089 8,615 5,025 13,640 4.9 % (19.4) % (4.0) % Texas 12,632 8,935 21,567 8,647 11,027 19,674 46.1 % (19.0) % 9.6 % Southeast 5,173 12,270 17,443 5,486 10,941 16,427 (5.7) % 12.1 % 6.2 % Century Complete 4,703 15,333 20,036 3,839 12,845 16,684 22.5 % 19.4 % 20.1 % Total 35,756 44,876 80,632 30,623 43,097 73,720 16.8 % 4.1 % 9.4 % % of Total 44.3% 55.7% 100.0% 41.5% 58.5% 100.0% Century Communities, Inc. Reconciliation of Non-GAAP Financial Measures (Unaudited) Adjusted net income and adjusted diluted earnings per share (which we refer to as “Adjusted EPS”) are non-GAAP financial measures that the Company believe s are useful to management, investors and other users of its financial information in evaluating its operating results and understanding its operating trends without the effect of certain non-recurring items. The Company believe s excluding certain non-recurring items provides more comparable assessment of its financial results from period to period. The Company define s adjusted net income as consolidated net income before (i) income tax expense, (ii) inventory impairment, if applicable (iii) restructuring costs, if applicable, (iv) loss on debt extinguishment, if applicable, (v) purchase price accounting for acquired work in process inventory, if applicable, and (vi) impairment on other investments, if applicable, less adjusted income tax expense, calculated using the Company’s estimated annual effective tax rate after discrete items for the applicable period. Adjusted EPS is calculated by dividing adjusted net income by weighted average common shares – diluted. Adjusted Net Income and Adjusted Diluted Earnings Per Share (in thousands, exce pt share and per share amounts) Three Months Ended December 31, Year Ended December 31, 2024 2023 2024 2023 Numerator Net income $ 102,741 $ 91,318 $ 333,816 $ 259,224 Denominator Weighted average common shares outstanding - basic 31,252,028 31,774,340 31,510,282 31,918,942 Dilutive effect of stock-based compensation awards 839,443 462,650 600,553 290,417 Weighted average common shares outstanding - diluted 32,091,471 32,236,990 32,110,835 32,209,359 Earnings per share: Basic $ 3.29 $ 2.87 $ 10.59 $ 8.12 Diluted $ 3.20 $ 2.83 $ 10.40 $ 8.05 Adjusted earnings per share Numerator Net income $ 102,741 $ 91,318 $ 333,816 $ 259,224 Income tax expense 32,455 34,756 106,244 91,606 Income before income tax expense 135,196 126,074 440,060 350,830 Inventory impairment 6,835 1,877 8,778 1,877 Impairment on other investment 2,180 — 9,902 — Purchase price accounting for acquired work in process inventory 3,444 — 9,443 — Adjusted income before income tax expense 147,655 127,951 468,183 352,707 Adjusted income tax expense (1) (35,648) (33,410) (113,034) (92,096) Adjusted net income $ 112,007 $ 94,541 $ 355,149 $ 260,611 Denominator - Diluted 32,091,471 32,236,990 32,110,835 32,209,359 Adjusted diluted earnings per share $ 3.49 $ 2.93 $ 11.06 $ 8.09 (1) The tax rates used in calculating adjusted net income for the years ended December 31, 2024 and 2023 w ere 24.1 % and 26.1%, respectively, which are reflective of the Company’s GAAP tax rates for the applicable periods. For the three months ended December 31, 2024 and 2023, the Company’s adjusted income tax expense is reflective of its full year effective tax rate of approximately 24.1 % and 26.1% , respectively, applied to adjusted income before income tax expense. C entury Communities, Inc. Reconciliation of Non-GAAP Financial Measures (Unaudited) Adjusted homebuilding gross margin excluding inventory impairment (if applicable), interest in cost of home sales revenues, and purchase price accounting for acquired work in process inventory (if applicable) , is not a measurement of financial performance under GAAP ; however, the Company’s management believes that this information is meaningful as it isolates the impact that inventory impairment , indebtedness , and acquisitions have on homebuilding gross margin and permits the Company’s stockholders to make better comparisons with the Company’s competitors, who adjust gross margins in a similar fashion. This non-GAAP financial measure should not be used as a substitute for the Company’s GAAP operating results. An analysis of any non-GAAP financial measure should be used in conjunction with results presented in accordance with GAAP . Adjusted Homebuilding Gross Margin (in thousands) Three Months Ended December 31, 2024 % 2023 % Home sales revenues $ 1,246,697 100.0 % $ 1,185,409 100.0 % Cost of home sales revenues (982,923) (78.8) % (927,805) (78.3) % Inventory impairment (6,835) (0.5) % (1,877) (0.2) % Homebuilding gross margin 256,939 20.6 % 255,727 21.6 % Add: Inventory impairment 6,835 0.5 % 1,877 0.2 % Add: Interest in cost of home sales revenues 18,169 1.5 % 15,198 1.3 % Add: Purchase price accounting for acquired work in process inventory 3,444 0.3 % — — % Adjusted homebuilding gross margin excluding interest, inventory impairment and purchase price accounting for acquired work in process inventory $ 285,387 22.9 % $ 272,802 23.0 % Year Ended December 31, 2024 % 2023 % Home sales revenues $ 4,302,638 100.0 % $ 3,604,434 100.0 % Cost of home sales revenues (3,369,131) (78.3) % (2,838,436) (78.7) % Inventory impairment (8,778) (0.2) % (1,877) (0.1) % Homebuilding gross margin 924,729 21.5 % 764,121 21.2 % Add: Inventory impairment 8,778 0.2 % 1,877 0.1 % Add: Interest in cost of home sales revenues 60,286 1.4 % 45,927 1.3 % Add: Purchase price accounting for acquired work in process inventory 9,443 0.2 % — — % Adjusted homebuilding gross margin excluding interest, inventory impairment and purchase price accounting for acquired work in process inventory $ 1,003,236 23.3 % $ 811,925 22.5 % C entury Communities, Inc. Reconciliation of Non-GAAP Financial Measures (Unaudited) EBITDA and Adjusted EBITDA EBITDA and adjusted EBITDA are non-GAAP financial measures the Company use s as supplemental measure s in evaluating operating performance. The Company define s EBITDA as net income before (i) income tax expense, (ii) interest in cost of home sales revenues, (iii) other interest expense (income), and (iv) depreciation and amortization expense. The Company define s adjusted EBITDA as EBITDA before loss on debt extinguishment (if applicable), inventory impairment (if applicable), purchase price accounting for acquired work in process inventory (if applicable), and impairment on other investments (if applicable). The Company believe s EBITDA and adjusted EBITDA provide an indicator of general economic performance that is not affected by fluctuations in interest rates or effective tax rates, levels of depreciation or amortization, and items considered to be non-recurring. Accordingly, the Company’s management believes that these measurements are useful for comparing general operating performance from period to period. Neither EBITDA n or adjusted EBITDA should be considered in addition to, and not as a substitute for, consolidated net income in accordance with GAAP as a measure of performance. The presentation of a djusted EBITDA should not be construed as an indication that the Company’s future results will be unaffected by unusual or non-recurring items. Each of EBITDA and adjusted EBITDA is limited as an analytical tool, and should not be considered in isolation or as a substitute for analysis of the Company’s results of operations as reported under GAAP. (in thousands) Three Months Ended December 31, Year Ended December 31, 2024 2023 % Change 2024 2023 % Change Net income $ 102,741 $ 91,318 12.5 % $ 333,816 $ 259,224 28.8 % Income tax expense 32,455 34,756 (6.6) % 106,244 91,606 16.0 % Interest in cost of home sales revenues 18,169 15,198 19.5 % 60,286 45,927 31.3 % Interest income (40) (791) (94.9) % (2,733) (7,222) (62.2) % Depreciation and amortization expense 6,849 4,755 44.0 % 24,286 15,774 54.0 % EBITDA $ 160,174 $ 145,236 10.3 % $ 521,899 $ 405,309 28.8 % Inventory impairment 6,835 1,877 264.1 % 8,778 1,877 367.7 % Impairment on other investment 2,180 — NM 9,902 — NM Purchase price accounting for acquired work in process inventory 3,444 — NM 9,443 — NM Adjusted EBITDA $ 172,633 $ 147,113 17.3 % $ 550,022 $ 407,186 35.1 % NM – Not Meaningful Century Communities, Inc. Reconciliation of Non-GAAP Financial Measures (Unaudited) Ratio of Net Homebuilding Debt to Net Capital The following table presents the Company’s ratio of net homebuilding debt to net capital, which is a non-GAAP financial measure. The Company calculates this by dividing net homebuilding debt ( homebuilding debt less cash and cash equivalents , and cash held in escrow ) by net capital (net homebuilding debt plus total stockholders’ equity). Homebuilding debt is total debt minus outstanding borrowings under construction loan agreement and mortgage repurchase facilities. The most directly comparable GAAP measure is the ratio of debt to capital. The Company believes the ratio of net homebuilding debt to net capital is a relevant and useful financial measure to investors in understanding the leverage employed in its operations and as an indicator of the Company’s ability to obtain external financing . (in thousands) December 31, December 31, 2024 2023 Notes payable $ 1,107,909 $ 1,062,471 Revolving line of credit 135,500 — Construction loan agreements (102,436) (44,895) Total homebuilding debt 1,140,973 1,017,576 Total stockholders' equity 2,620,856 2,386,936 Total capital $ 3,761,829 $ 3,404,512 Homebuilding debt to capital 30.3% 29.9% Total homebuilding debt $ 1,140,973 $ 1,017,576 Cash and cash equivalents (149,998) (226,150) Cash held in escrow (3,004) (101,845) Net homebuilding debt 987,971 689,581 Total stockholders' equity 2,620,856 2,386,936 Net capital $ 3,608,827 $ 3,076,517 Net homebuilding debt to net capital 27.4% 22.4% Contact Information: Tyler Langton, Senior Vice President of Investor Relations 303-268-8345 Investorrelations @CenturyCommunities.com Category: Earnings

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other guidance in this release

Text is the filed exhibit, verbatim.