Green Brick Q1 EPS $1.37 (+14% YoY); home orders up 77.5%, new $100M buyback

Green Brick Partners, Inc.

2023-Q1 EPS reported $1.37 revenue$452,061,000

Record Q1 diluted EPS $1.37 vs $1.20 YoY; net income $64.2M, up 4.2%.
Home closings revenue $449M, +24% YoY; homebuilding gross margin 27.6%.
Net new home orders 1,067 (+77.5%); cancellation rate 6.2%, lowest among peers.
Board approved new $100M stock repurchase program; total authorization $133M.
Debt to total capital 23.8%, down 500 bps YoY; net debt to capital 13.3%.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Green Brick Partners, Inc. reported first quarter ended March 31, 2023 results: revenue $452,061, net income $64,180, EPS $1.37.

Period: first quarter ended March 31, 2023
Revenue: $452,061
Net income: $64,180
EPS: $1.37
Result: reported results

Exact text from the filing

inception, as detailed below. (Dollars in thousands, except per share data) Three Months Ended March 31, 2023 2022 Increase New homes delivered 761 658 15.7 % Total revenues $ 452,061 $ 393,616 14.8 % Total cost of revenues 327,455 285,260 14.8 % Total gross profit $ 124,606 $ 108,356 15.0 % Income before income taxes $ 87,172 $ 82,633 5.5 % Net income

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Source: SEC EDGAR

accession 0001373670-23-000031

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