GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Century Communities, Inc. (NYSE: “CCS”), a leading homebuilder in select U.S. markets, was extremely pleased to ring The Opening BellSM at the New York Stock Exchange (NYSE) on Tuesday, August 8, 2017, to celebrate the next phase of the Company’s growth. On hand for the ceremony were Dale Francescon, Co-Chief Executive Officer; Rob Francescon, Co-Chief Executive Officer, and Dave Messenger, Chief Financial Officer, as well as other company executives, board members and distinguished guests.
From 2012 to 2016, the Company increased home sales revenue, operating income and adjusted EBITDA each by a factor of 10 times, successfully demonstrating the strength of its diverse multi-market business strategy. On August 4, 2017, the Company added to its rapid growth trajectory through the completion of its merger with UCP, Inc. to create the 16th largest public U.S. homebuilder. Century now operates in 17 markets across 10 states, including California, Washington, Nevada, Utah, Colorado, Texas, Tennessee, Georgia, North Carolina and South Carolina, with pro forma revenues of approximately $1.5 billion and inventories of $1.3 billion (calculated on a pro forma basis as of and for the twelve months ended June 30, 2017).
Dale Francescon, Co-Chief Executive Officer of Century stated, “We are pleased that the New York Stock Exchange gave us the honor of ringing the opening bell. Since our initial public offering in June 2014, we have dramatically expanded the reach of our national footprint to a number of high-growth markets. With the completion of the recent UCP merger, we intend to further build on our goal of expanding Century into an even larger and more respected homebuilder.”
Rob Francescon, Co-Chief Executive Officer of Century noted, “This is an exciting time for Century as the now 16th largest public U.S. homebuilder and we were pleased to celebrate the occasion at the New York Stock Exchange. With our solid land portfolio of approximately 30,000 lots in 9 of the top 10 most favorable U.S. homebuilding markets, we look forward to our prospects to generate additional value for our shareholders.”
The Opening Bell rang on August 8, 2017 at 9:30 a.m. Eastern time. Photos and video of the NYSE Bell Ringing Ceremony will be available, courtesy of the NYSE, on Facebook (NYSE Euronext); Twitter (@NYSEEuronext) and on the NYSE YouTube Channel -- nysetv1.
About Century Communities
Founded in 2002, Colorado-based Century Communities is a leading builder in select major metropolitan markets across the United States. The Company offers a wide variety of product lines and is engaged in all aspects of homebuilding, including the acquisition, entitlement and development of land and the construction, marketing and sale of homes. The Company also offers title and lending services in select markets through its Parkway Title and Inspire Home Loan subsidiaries. Century Communities is the 16th largest public U.S. homebuilder based on pro forma 2016 homes delivered. To learn more about Century Communities please visit www.centurycommunities.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, as such, may involve known and unknown risks, uncertainties and assumptions. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on historical information available at the time the statements are made and are based on management’s reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company’s control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. Forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law. Investors are referred to the Company’s Annual Report on Form 10-K for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement.