Century Communities — Apr 23, 2025 release

Our balance sheet remains strong with $2.6 billion of stockholders’ equity and $788 million of liquidity, and our book value per share of $84.41 increased by 11% on a year-over-year basis. In the first quarter, we repurchased 753,337 shares of our common stock for $55.6 million and increased our quarterly cash dividend to $0.29 per share.” First Quarter 2025 Results Net income for the first quarter 2025 was $39.4 million, or $1.26 per diluted share. Adjusted net income, which excludes inventory impairment, restructuring costs and purchase price accounting, was $ 42.2 million, or $1.36 per diluted share. Total revenues were $903.2 million, with first quarter home sales revenues totaling $883.7 million. Deliveries totaled 2,284 homes. The average sales price of home deliveries for the first quarter 2025 was $386,900 . Net new home contracts in the first quarter 2025 were 2,692, and at the end of the first quarter 2025 , the Company had 1,258   homes in backlog, representing $521.1 million of backlog dollar value.   Adjusted homebuilding gross margin percentage, excluding interest, inventory impairment and purchase price accounting, was 21.6% in the first quarter of 2025. Homebuilding gross margin percentage in the first quarter 2025 was 19.9%. Selling, general, and administrative expenses as a percent of home sales revenues was 13.7% in the quarter . Adjusted EBITDA and EBITDA for the first quarter 2025 were $76.3 million and $72.5 million, respectively. Financial services re