Green Brick Q1 EPS $1.20 (up 135%), revenue $394M; board authorizes $100M buyback

Green Brick Partners, Inc.

2022-Q1 EPS reported $1.20 revenue$393,616,000

Diluted EPS $1.20, up 135% YoY on $393.6M total revenue (up 67.9%) and record home closings revenue of $363.1M (up 68.0%).
Homebuilding gross margin improved 240 bps to 27.8%; SG&A leverage improved 420 bps to 9.4% of residential revenue.
Board authorized $100M share repurchase; $49.5M already spent in Q1+April at avg $20.63 per share, exhausting prior authorization.
New homes delivered up 27.5% to 658; average sales price $551.8k, up 31.7% from $418.9k.
Backlog dollar value down 13.0% to $866.6M; units down 29.9% to 1,423, but ASP in backlog up 24.1% to $609k.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.