earnings
confidence high
sentiment positive
materiality 0.75
Green Brick Q3 record: revenue $523M, EPS $1.98; orders up 11.3% YoY
Green Brick Partners, Inc.
2024-Q3 EPS reported
$6.12
revenue$1,531,629,000
- Home closings revenue $522.9M (+25.7% YoY); diluted EPS $1.98 (+26.9% YoY), both Q3 records.
- Net new home orders 877 units, a Q3 record, up 11.3% YoY; absorption rate 8.4 per community.
- Homebuilding gross margin 32.7% (-60 bps YoY); YTD homebuilding gross margin 33.6% (record).
- Debt-to-total-capital 16.4%; net debt-to-total-capital 12.5%; weighted average pay rate 3.4%.
- Series A preferred quarterly dividend of $0.35938 per depositary share payable Dec 13, 2024.