secwatch.observer — SEC 8-K summary
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Issuer:     Green Brick Partners, Inc. (GRBK)
CIK:        0001373670
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001373670-22-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1373670/000137367022000020/0001373670-22-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1373670/000137367022000020/grbk-20220503.htm
  HTML page:      https://secwatch.observer/filing/0001373670-22-000020

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