A Brief History of Century Communities, Inc. (CCS)

Founding and Early Years

Century Communities, Inc. was founded in 2002 by Dale Francescon and Robert C. Francescon in the state of Colorado. The company initially focused on building single-family homes in the Denver metropolitan area.

Initial Public Offering (IPO)

In 2017, Century Communities went public, raising approximately $120 million through its IPO. The shares were offered at a price of $12.00 per share on the New York Stock Exchange under the ticker symbol CCS.

Acquisitions and Expansion

Century Communities expanded its footprint through strategic acquisitions. Notable acquisitions include:

• In 2018, acquisition of Georgetown Homes, increasing its market presence in Texas.
• In 2019, acquisition of Classic Homes, further expanding its reach in Colorado.

Financial Performance

For the fiscal year 2021, Century Communities reported revenues of $1.55 billion, marking an increase from $1.26 billion in 2020. The company's net income for 2021 was approximately $150 million.

Recent Developments

As of mid-2023, Century Communities had delivered over 5,000 homes in various markets across the United States, showcasing its growth trajectory.

Market Presence

Century Communities operates in several significant markets, including:

Stock Performance

As of October 2023, Century Communities' stock price hovered around $47.20, with a market capitalization of approximately $1.5 billion. The company's shares have shown a fluctuation in value, with a 52-week range between $37.30 and $59.50.

Commitment to Sustainability

Century Communities has implemented various sustainability initiatives, including energy-efficient home designs, reducing construction waste, and promoting environmentally friendly materials. The company aims to have at least 70% of its homes built to Energy Star standards by 2025.

Community Engagement

Century Communities is actively involved in community development and charitable activities. In 2022, the company contributed approximately $500,000 to local organizations focused on housing and education.

Future Outlook

The company aims to continue its expansion into new markets, targeting a goal of delivering over 7,000 homes annually by 2025, reflecting its commitment to growth and market share enhancement.

A Who Owns Century Communities, Inc. (CCS)

Ownership Structure

As of September 2023, Century Communities, Inc. (CCS) has a diverse ownership structure that includes institutional investors, individual shareholders, and company executives. The breakdown of ownership is as follows:

Major Institutional Investors

The major institutional investors in Century Communities, Inc. include some of the largest asset management firms in the world. Key institutional shareholders and their respective ownership percentages as of September 2023 are:

Executive Leadership Ownership

Company executives also hold a significant portion of shares. As of the latest filings, the following executives have notable ownership:

Stock Performance

As of the end of the third quarter 2023, Century Communities, Inc. has shown a strong stock performance:

• Current Share Price: $51.32
• Market Capitalization: $1.75 billion
• 52-week Range: $36.54 - $56.70
• Dividend Yield: 0.8%

Recent Financial Results

Recent financial results indicate strong revenues and profitability as of Q2 2023:

Conclusion of Ownership Dynamics

The ownership dynamics of Century Communities, Inc. reflect a robust interest from institutional investors and a solid foundation led by capable executives. This combination of diverse ownership points to a stability in its governance and potential for future growth.

Century Communities, Inc. (CCS) Mission Statement

Overview

The mission statement of Century Communities, Inc. emphasizes their commitment to delivering quality homes and exceptional customer service. The company strives to enhance the homebuying experience through innovation and sustainability, aiming to fulfill the needs of diverse customers across various markets.

Core Values

• Integrity: Upholding transparency and ethical behavior in all interactions.
• Customer Focus: Prioritizing the needs and satisfaction of homebuyers.
• Innovation: Utilizing advanced technologies and building practices to create modern homes.
• Community Engagement: Investing in the communities where they build.
• Sustainability: Committing to environmentally friendly practices in construction.

Market Position

As of 2023, Century Communities reported revenues of approximately $1.71 billion. The company has expanded significantly, with home closings numbering around 7,400 in the fiscal year 2022.

Financial Performance

Strategic Goals

Century Communities aims to achieve the following strategic goals:

• Increase market share by expanding operations into new geographical areas.
• Enhance product offerings by integrating smart home technology.
• Achieve a 25% reduction in construction waste by 2025.
• Improve customer satisfaction scores by implementing a new feedback system.
• Develop 20 new communities over the next three years.

Community Development Initiatives

Century Communities engages in several community development initiatives, focusing on:

• Affordable Housing: Providing options for first-time homebuyers.
• Local Partnerships: Collaborating with local organizations to enhance community services.
• Environmental Sustainability: Committing to LEED certification for new developments.

Conclusion

Century Communities, Inc. continues to solidify its position in the homebuilding industry, guided by its mission statement that focuses on quality, integrity, and sustainable growth. With a strong financial trajectory and commitment to customer satisfaction, Century Communities is poised for continued success.

How Century Communities, Inc. (CCS) Works

Company Overview

Century Communities, Inc. (CCS) is a publicly traded company focused on residential homebuilding and related activities. As of 2023, CCS operates in various markets across the United States, specializing in single-family homes, townhomes, and active adult communities. The company is headquartered in Greenwood Village, Colorado.

Business Model

CCS generates revenue primarily through:

• Home Sales
• Land Development
• Management Services

Financial Performance

As of Q3 2023, Century Communities reported the following financial metrics:

Market Presence

CCS has a significant presence in several key states:

Homebuilding Process

The homebuilding process at CCS typically involves:

• Land Acquisition
• Site Development
• Construction
• Marketing and Sales
• Customer Service

Recent Developments

In 2023, Century Communities announced several strategic moves:

• Acquisition of land parcels in Texas valued at $150 million.
• Launch of a new line of sustainable homes featuring energy-efficient technologies.
• Partnership with local governments to develop affordable housing initiatives.

Stock Performance

As of October 2023, the stock performance of CCS is as follows:

Employee Overview

Century Communities employs approximately 1,200 individuals across various roles:

How Century Communities, Inc. (CCS) Makes Money

Revenue Streams

Century Communities, Inc. (CCS) primarily generates revenue through the following streams:

• Homebuilding
• Land development
• Mortgage services
• Insurance services

Homebuilding

The largest revenue source for Century Communities comes from homebuilding. In 2022, CCS reported home sales revenue of approximately $1.3 billion.

Land Development

Land development also contributes significantly to the company’s revenue model. In 2022, CCS derived about $200 million from land sales.

Mortgage Services

Through Century Mortgage, the company provides mortgage services and has recorded revenues of around $50 million in 2022.

Insurance Services

CCS also offers insurance services that contribute a smaller but significant portion of its revenue, estimated at $10 million in 2022.

Geographic Diversification

The company operates in several regions, allowing for a diversified revenue base. The breakdown of home sales by region in 2022 is as follows:

Profitability and Financial Performance

CCS has shown impressive profitability metrics in recent years. The company's gross margin for homebuilding was approximately 20% in 2022, reflecting its efficient operations.

Stock Performance

Century Communities is publicly traded, providing an additional dimension to its financial performance analysis. As of October 2023, the stock price was approximately $45 per share, reflecting an increase of around 25% year-to-date.

Future Outlook

CCS anticipates continued growth driven by demand in the housing market, with projections estimating revenues to reach approximately $1.7 billion by 2025.