Century Communities, Inc.: Initiation Of Coverage – A Story Of Expansion Through Mergers & Acquisitions! 

Century Communities reported a strong performance for the second quarter of 2024, showcasing significant
improvements in key financial metrics and operational achievements that underline the company’s robust
position in the homebuilding industry. The company delivered 2,617 homes, marking a 17% increase year-overyear
and an 11% sequential increase. Home sales revenues also saw a notable rise, reaching $1 billion, a 24%
increase year-over-year and a 10% increase sequentially. Additionally, adjusted homebuilding gross margin
improved substantially by 300 basis points year-over-year to 24%, and adjusted earnings per diluted share
increased by 66% year-over-year to $2.65.