earnings
confidence high
sentiment positive
materiality 0.80
Green Brick Q3 EPS $1.57 beats, revenue $408M, record gross margin 32.4%
Green Brick Partners, Inc.
2022-Q3 EPS reported
$4.82
revenue$1,326,704,000
- Diluted EPS $1.57 vs $0.95 YoY (+65%); net income $73.5M (+52%).
- Total revenue $408M (+19%); homebuilding gross margin 32.4% (record, +550 bps).
- Net new home orders 404 (-41%); cancellation rate 17.6% vs 6.9%.
- Backlog $564M (-45%); homes under construction 2,276.
- Debt-to-capital 28.0%; plans to increase community count 20-30% over 4-5 quarters.