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CENTURY COMMUNITIES Century Communities Reports Record First Quarter 2021 Results - Net Income Increased 289 % to a Company Record $ 101.7 Million or $ 3.00 Per Diluted Share - - Total Revenues Increased 67 % to a Company Record $ 1.0 Billion - - Home Deliveries Increased 50 % to a First Quarter Record 2,797 Homes - - - Record Net New Home Contracts Increased 45 % to 3,455 Homes - - Increased 2021 Outlook for Revenue and Deliveries - Greenwood Village , Colorado ( April 28 , 2021 ) - Century Communities , Inc. ( NYSE : CCS ) , a leading national homebuilder , today announced financial results for its first quarter ended March 31 , 2021 . First Quarter 2021 Highlights Compared to First Quarter 2020 • • • • Net income increased 289 % to a Company record $ 101.7 million or $ 3.00 per diluted share Home sales revenues increased 67 % to a Company record $ 959.3 million Home deliveries increased 50 % to a first quarter record of 2,797 homes Net new home contracts increased 45 % to a Company record 3,455 homes Homes in backlog improved 58 % to a Company record 4,097 homes with a value of $ 1.6 billion Pre - tax income improved 284 % to a Company record $ 131.0 million EBITDA increased 198 % to a Company record $ 152.1 million Net homebuilding debt to net capital improved to 19.9 % from 46.6 % Quarter end total liquidity of $ 1.2 billion Dale Francescon , Chairman and Co - Chief Executive Officer , stated , “ Our first quarter reflects an outstanding start to the year in which we generated over $ 1.0 billion in total revenues , our highest quarterly net sales ever , a 284 % increase in pre - tax income and a Company record $ 152 million in EBITDA . The positive momentum we are experiencing demonstrates burgeoning demand for our affordable , new homes , driven by favorable demographics , tight resale supply and low interest rates , while underscoring the strength of our competitive positioning and national footprint across 28 high - growth markets . Our recent results exhibit our success in delivering improved operational efficiencies as we achieved a 340 basis point expansion in first quarter homebuilding gross margins and attained a low - water mark for SG & A as a percent of home sales revenue , improving to 9.6 % , resulting in a 13.0 % pre - tax margin . " Rob Francescon , Co - Chief Executive Officer and President , said , “ Our expanded margins and increased profitability validate the success of our long - term strategy as we build upon our solid foundation to fuel Century's continued growth within this robust housing cycle . We ended the first quarter with our highest backlog ever of 4,097 homes valued at $ 1.6 billion , respective year - over - year increases of 58 % and 83 % . We further expanded our land pipeline to 57,536 lots while increasing the percentage of controlled lots to 64 % , in keeping with our land - light operating strategy . Our commitment to reduce leverage resulted in a net homebuilding debt to net capital ratio of 19.9 % , down significantly from 46.6 % in the prior year quarter . We remain focused on delivering strong returns to our shareholders as we benefit from an exceptional demand environment , a trend we feel confident will propel our performance throughout the balance of the year . "