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Sep 30, 2022
Green Brick Q3 2022 Earnings Report
Green Brick delivered record third quarter results with increased EPS, revenues, and net income.
Key Takeaways
Green Brick Partners reported a record third quarter with a 65.3% increase in diluted EPS to $1.57, a 19.2% increase in total revenues to $407.9 million, and a 51.6% increase in net income attributable to Green Brick Partners to $73.5 million. The company also achieved a record homebuilding gross margin of 32.4%.
Diluted EPS increased by 65.3% to $1.57.
Net income attributable to Green Brick Partners increased by 51.6% to $73.5 million.
Homebuilding gross margin reached a record 32.4%.
Total revenues increased by 19.2% to $407.9 million.
Green Brick
Green Brick
Green Brick Revenue by Segment
Revenue by Segment
Residential Units Revenue
CapyFin.comLand and Lots Revenue
CapyFin.com Forward Guidance
Green Brick Partners anticipates managing pace versus price decisions effectively, increasing market share, and growing the count of active selling communities.
Positive Outlook
- Flexibility to manage pace versus price decisions.
- Opportunity to increase market share.
- Potential to increase active selling communities by 20% to 30%.
- New communities with favorable land/lot basis.
- Optionality of pricing aggressively.
Challenges Ahead
- Challenging market conditions going forward.
- Peers pulling back.
- Potential impact of market conditions.
- Competition in the homebuilding industry.
- Macroeconomic conditions, including increasing interest rates and inflation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income