Green Brick Partners, Inc. reports news on its homebuilding and land development operations, including quarterly results, home deliveries, net new orders, backlog, gross margins, debt metrics, and share repurchase activity. The company operates through subsidiary homebuilders in Texas, Georgia, and Florida and participates in land acquisition, development, entitlements, design, construction, marketing, and sales for residential neighborhoods and master-planned communities.
Company updates also cover community openings, model-home launches, regional master-planned developments, and recognition of Green Brick communities. Recurring business references include Trophy Signature Homes, CB JENI Homes, Normandy Homes, Southgate Homes, Centre Living Homes, The Providence Group, GHO Homes, and related financial services platforms such as Green Brick Title, Green Brick Mortgage, and Green Brick Insurance.
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Green Brick Partners reported record third-quarter results for 2021, with revenues of $342.3 million, a 24.1% increase year-over-year. Income before taxes rose 41.9% to $65.2 million. They recorded a backlog of $1.02 billion, up 83.9%, and the average sales price of homes in backlog increased 20.8% year-over-year. The company also reported a significant rise in lots owned and controlled, now at 24,354, marking a 101.8% growth.
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Green Brick Partners, Inc. (Nasdaq: GRBK) is set to release its third-quarter financial results for the period ending September 30, 2021, after market close on November 2, 2021. An earnings conference call will follow on November 3, 2021, at 12:00 p.m. Eastern Time, hosted by CEO Jim Brickman. The call will be available via webcast on the company's website and can also be accessed through designated dial-ins. A replay of the call will be available from November 3 to December 1, 2021. Green Brick operates multiple homebuilding subsidiaries across Texas, Georgia, and Florida.
Dallas Business Journal recognized Green Brick Partners (Nasdaq: GRBK) along with Taylor Morrison and Davidson Bogel Real Estate for the 2020 Best Land Transaction award for the Madero community. This 895-acre residential development will feature 2,500 homes and extensive amenities, with the first phase expected by the end of 2021. The community is strategically located in north Fort Worth, an area experiencing rapid growth. Green Brick aims to replicate the success seen at neighboring Cibolo Hills, according to COO Jed Dolson.
Green Brick Partners, Inc. (GRBK) reported exceptional Q2 2021 results, achieving total revenues of $373.8 million, a 60.5% increase year-over-year. Income before income taxes soared 104.4% to $74.0 million, with a record backlog of $974.3 million, up 118.2%. The homebuilding gross margin improved by 360 basis points to 26.8%. New home deliveries reached 757, reflecting a 36.9% rise, and the company saw a significant increase in lots controlled, up 132.7%. CEO Jim Brickman expressed confidence in accelerating growth and returns for investors.
Green Brick Partners, Inc. (NASDAQ: GRBK) is set to announce its second quarter financial results for the period ending June 30, 2021, after market closure on August 3, 2021. CEO Jim Brickman will host a conference call on August 4, 2021, at 12:00 p.m. ET, to discuss the results, which will also be available via webcast. Interested parties can join the call using specific dial-in details provided in the release. The replay will be accessible through the company's website until September 30, 2021.
Green Brick Partners (NASDAQ: GRBK) will host a virtual investor day on August 5, 2021, from 9:00 am to 12:00 pm CST. The event will feature presentations from CEO Jim Brickman, CFO Rick Costello, and COO Jed Dolson, along with a keynote and Q&A with David Einhorn. Attendees will gain insights into the housing market and engage with subsidiary homebuilder leadership. Registration is required at greenbrickpartners.com/investorday2021. The company, involved in homebuilding and land development, owns several subsidiary builders across the U.S.
Green Brick Partners has partnered with Meritage Homes to purchase 1,838 lots in the Lake Haven subdivision, Farmersville, Texas. The project includes a 50/50 partnership, covering 453 acres, and construction is set to start in February 2022. The area will offer various lot sizes and amenities such as parks and an amenity center. Home sales are projected to begin in Fall 2023, providing affordable, energy-efficient homes designed for diverse lifestyle preferences. This development aims to meet the growing demand for quality housing near North Dallas.
Green Brick Partners, Inc. (NASDAQ: GRBK) announced its first virtual investor day set for August 5, 2021, from 9:00 am to 12:00 pm CST. CEO Jim Brickman expressed excitement about showcasing the company's strategic advantages in homebuilding and land development. The event will feature presentations from key executives, discussions on housing market trends, and a Q&A session with subsidiary builders. Interested participants can register at greenbrickpartners.com/investorday2021.
Green Brick is a national firm specializing in homebuilding and land development.