other material
confidence medium
sentiment positive
materiality 0.70
GSH preliminary 2022 revenue $477M (+10% YoY); net income $69.5M (+11%)
United Homes Group, Inc.
- Home closings declined to 1,605 from 1,705 (-5.9% YoY).
- Gross profit margin improved to 24.9% from 23.2%.
- Adjusted EBITDA rose to $82.8M from $67.2M (+23.2%).
- Rising mortgage rates and higher lumber costs pressured 2H 2022 margins.
- Results are preliminary; merger with DHHC SPAC is pending stockholder vote.