secwatch.observer — SEC 8-K summary
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Issuer:     Green Brick Partners, Inc. (GRBK)
CIK:        0001373670
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001373670-23-000031
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1373670/000137367023000031/0001373670-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1373670/000137367023000031/grbk-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001373670-23-000031

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer