Century Communities Q3 Profit Falls 66% as Mortgage Rates Cut Guidance
CCS sits 20% above its 52-week low of $47.275.
Summary
Century Communities earned $12.6 million, or $0.44 per diluted share, in Q3 2026 — down sharply from $37.4 million, or $1.25, a year earlier, while adjusted earnings per share came in at $1.01. Total revenue fell to $864.5 million from $980.3 million as deliveries slipped to 2,442 homes and the average sales price dropped to $345,000 from $384,200. Management blamed higher mortgage rates, inflation and weak first-time buyer confidence, and cut full-year 2026 guidance to 9,350-9,650 deliveries and $3.3-3.4 billion in home sales revenue. The quarter included $19.6 million of inventory impairment charges, which dragged GAAP homebuilding gross margin to 15.0% versus 17.9% a year ago; adjusted margin excluding interest, impairment and purchase accounting was 19.3% versus 20.1%. Offsetting the weak quarter: community count hit a record 343, book value per share reached a record $90.61, and the October 7 HistoryMaker Homes acquisition triples Dallas-Fort Worth deliveries to 669 homes on a trailing-twelve-month basis. The company also repurchased 169,903 shares for $11.6 million and expanded its revolver to $1.2 billion with maturity extended to November 2030. The earnings call is scheduled for 5:00 p.m. ET today.
At the time of this announcement, CCS was trading at $56.69 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $1.6B. The 52-week trading range was $47.28 to $76.00. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: PR Newswire.