Green Brick Partners Inc Stock Price, News & Analysis

Green Brick Partners reported strong Q3 2022 results, with a diluted EPS of $1.57, up 65.3%, and a net income of $73.5 million, reflecting a 51.6% increase year-over-year. Total revenues reached $407.9 million, a 19.2% rise, driven by residential units revenue of $396.7 million, up 17.1%. The company's homebuilding gross margin improved by 550 bps to 32.4%, the highest among public builders. Despite challenges, the strong balance sheet enables potential market share growth as peers reduce activity.

Green Brick Partners (NYSE: GRBK) will release its Q3 2022 financial results on November 2, 2022, after market close. CEO Jim Brickman will lead a conference call on November 3, 2022, at 12:00 p.m. ET to discuss the results. Green Brick, recognized as Fortune’s fastest growing public homebuilder in 2021, operates multiple subsidiary homebuilders across major markets in Texas, Atlanta, and Florida, focusing on diverse aspects of homebuilding including land acquisition and sales.

Green Brick Partners (GRBK) reported remarkable second-quarter results for 2022, achieving record home closings revenue of $510.5 million, up 53.6% year-over-year. Net income attributable to GRBK surged by 93.7% to $101.3 million, with diluted EPS reaching $2.08, marking a 103.9% increase. The homebuilding gross margin also improved significantly, rising 550 bps to 32.3%. The company repurchased 3.7 million shares for $75.7 million in Q2, enhancing shareholder value. Despite a drop in backlog by 27.1%, GRBK maintains a strong leverage ratio of 28.9%.

Green Brick Partners, Inc. (NYSE: GRBK) announced its inclusion in the S&P SmallCap 600 index effective July 20, 2022. The Company, recognized as Fortune Magazine’s fastest-growing public homebuilder in 2021, operates through eight homebuilder brands across five major markets. Its subsidiaries include CB JENI Homes and Normandy Homes in Texas, The Providence Group in Atlanta, and GHO Homes in Florida. Green Brick is involved in all aspects of homebuilding, from land acquisition to sales.

Green Brick Partners, Inc. (NYSE: GRBK), recognized as Fortune Magazine’s fastest growing public homebuilder, will release its financial results for Q2 2022 on August 3, 2022, after market close. An earnings conference call will be hosted by CEO Jim Brickman on August 4, 2022, at 12:00 p.m. ET. The company, operating across five major markets with multiple subsidiary brands, is engaged in all facets of homebuilding, including land development and sales.

Green Brick Partners (NYSE: GRBK) has acquired 152 acres in Cumming, GA, to develop a mixed-use community named Sawnee Village. The project will feature 474 homes, 250+ apartments, and 220,000 SF of senior living and commercial space, with an estimated value exceeding $400 million. Located near major highways, the development aims to address the undersupplied housing market in the Forsyth Central High School area, which currently has only 0.7 months of housing inventory. Development is expected to commence in early Summer 2022.

Green Brick Partners (GRBK) reported impressive first-quarter results for 2022, showcasing a 68% increase in home closings revenue to $363.1 million and a record net income of $61.6 million, marking a 137% rise year-over-year. The company's diluted EPS reached $1.20, a 135% increase from Q1 2021.

Homebuilding gross margin improved by 240 basis points to 27.8%. Despite a 13% decline in backlog, lots owned rose 42.5%, indicating strong market positioning.

Green Brick Partners (NYSE: GRBK) announced the appointment of Lila Manassa Murphy as an independent director to its Board of Directors, filling a new seat. With over 25 years of investment management experience and a background in real estate finance, Ms. Manassa Murphy's expertise is expected to support Green Brick's growth. She has served as CFO at Dundee Corporation and has a history of involvement with various investment firms. CEO Jim Brickman highlighted her unique perspective as vital for driving long-term success.

Green Brick Partners, Inc. (NYSE: GRBK) announced it will release Q1 2022 financial results on May 3rd, after market close. The results will be discussed in an earnings call hosted by CEO Jim Brickman on May 4th at 12:00 p.m. ET, accessible via their website or by dial-in numbers provided in the release. Green Brick operates through diverse homebuilder brands across multiple states, focusing on homebuilding processes from land acquisition to sales.