earnings
confidence high
sentiment positive
materiality 0.85
Green Brick Partners reports record Q2 2022: EPS $2.08, revenue up 53.6% YoY
Green Brick Partners, Inc.
2022-Q2 EPS reported
$3.25
revenue$918,760,000
- Record diluted EPS of $2.08, up 103.9% YoY; net income $101.3M, up 93.7%.
- Total revenue $525.1M, up 40.5%; home closings revenue $510.5M, up 53.6%.
- Homebuilding gross margin 32.3%, up 550 bps YoY; SG&A as % of residential units revenue fell to 8.2%.
- Repurchased 3.7M shares for $75.7M in Q2 and through July 29; YTD repurchases $101.5M at avg <$21/share.
- Backlog $710.2M, down 27.1%; net new home orders 545, down 9.8% YoY.