Century Communities, Inc. (NYSE:CCS) Q3 2023 Earnings Conference Call October 25, 2023 5:00 PM ET
Company Participants
Tyler Langton - Senior Vice President, Investor Relations
Dale Francescon - Chairman and Co-Chief Executive Officer
Robert Francescon - Co-Chief Executive Officer and President
David Messenger - Chief Financial Officer
Conference Call Participants
Carl Reichardt - BTIG
Jay McCanless - Wedbush
Alex Rygiel - B. Riley FBR
Alan Ratner - Zelman & Associates
Alex Barron - Housing Research
Andrew Hassen - JP Morgan
Operator
Greetings. Welcome to Century Communities' Third Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note this conference is being recorded.
I will now turn the conference over to Tyler Langton, Senior Vice President of Investor Relations for Century Communities. Thank you. You may begin.
Tyler Langton
Good afternoon. Thank you for joining us today for Century Communities earnings conference call for the third quarter 2023.
Before the call begins, I would like to remind everyone that certain statements made during this call may constitute forward-looking statements. These statements are based on management's current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described or implied in the forward-looking statements.
Certain of these risks and uncertainties can be found in the heading Risk Factors in the company's latest 10-K, as supplemented by our latest 10-Q and other SEC filings. We undertake no duty to update our forward-looking statements.
Additionally, certain non-GAAP financial measures will be discussed on this conference call. The company's presentation of this information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with GAAP.
Hosting the call today are Dale Francescon, Chairman and Co-Chief Executive Officer; Rob Francescon, Co-Chief Executive Officer and President; and David Messenger, Chief Financial Officer. Following today's prepared remarks, we'll open-up line for questions.
With that, I'll turn the call over to Dale.
Dale Francescon
Thank you, Tyler and good afternoon, everyone. I want to start by saying that we are very pleased with our solid third quarter results, especially within the context of a challenging overall housing market. Despite rising interest rates, our sales activity performed in line with our expectations and typical seasonality, demonstrating the strong underlying demand that remains for affordable new homes. Our deliveries of 2,264 homes increased on a quarter-over-quarter basis and benefited from improved cycle times.