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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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