secwatch.observer — SEC 8-K summary
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Issuer:     Green Brick Partners, Inc. (GRBK)
CIK:        0001373670
Form:       8-K
Filed at:   2023-02-27T23:59:59+00:00
Accession:  0001373670-23-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Green Brick Q4 home closings revenue record $428.6M; FY22 EPS up 61.8% to $6.02
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- Q4 home closings revenue $428.6M, record for any Q4; total gross profit $112.4M, also a Q4 record.
- Diluted EPS $1.18, down 4.8% YoY; FY22 diluted EPS $6.02, up 61.8% YoY on revenue of $1.76B.
- Net new home orders fell 11.1% to 423; December sales up 43% over prior six-month average; cancellation rate improved to 12% in Dec, single digits in early 2023.
- Debt-to-total capital ratio improved to 25.7%; homebuilding gross margin for FY22 was 29.8%, up 340 bps YoY.
- Construction cost savings of ~$40,000 per home in Dallas from lower lumber and labor; cycle time reduced 30 days from peak.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1373670/000137367023000005/0001373670-23-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1373670/000137367023000005/grbk-20230227.htm
  HTML page:      https://secwatch.observer/filing/0001373670-23-000005

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