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Mar 31, 2022
Green Brick Q1 2022 Earnings Report
Reported record results for the first quarter ended March 31, 2022.
Key Takeaways
Green Brick Partners reported record first-quarter results with home closings revenue up 68.0% to $363.1 million and income before income taxes up 134.3% to $82.6 million. The homebuilding gross margin increased by 240 bps to 27.8%.
Achieved an annualized Q1 2022 return on equity of 28.8%.
Diluted EPS was $1.20 per share, up 135% from Q1 2021.
Home closings revenue and EPS are expected to accelerate into Q2 2022.
Gross margin reached 27.8%, up 240 basis points from the prior year.
Green Brick
Green Brick
Green Brick Revenue by Segment
Revenue by Segment
Residential Units Revenue
CapyFin.comLand and Lots Revenue
CapyFin.com Forward Guidance
The company expects industry-leading margins and strong financial performance to continue through the remainder of 2022 due to their ability to increase price over pace.
Revenue & Expenses
Visualization of income flow from segment revenue to net income