secwatch.observer — SEC 8-K summary
======================================

Issuer:     United Homes Group, Inc. (UHG)
CIK:        0001830188
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001628280-23-038324
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United Homes Group Q3 net income $150.8M includes $149.7M non-cash gain; orders up 55%
--------------------------------------------------------------------------------

- Net income $150.8M ($2.35 diluted EPS) includes $149.7M non-cash derivative gain; adjusted book value $93.3M.
- Revenue $87.7M, down 21% YoY; home closings 283 vs 343; ASP $316k flat.
- Net new home orders 272 (+55% YoY); October 2023 orders 118.
- Gross margin 19.8% (adj. 22.1%) vs 26.1% (adj. 27.5%) YoY due to incentives and higher lumber costs.
- Acquired Herring Homes (Raleigh, NC) and post-Q3 Rosewood Communities (Greenville, SC); available liquidity $130.0M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830188/000162828023038324/0001628280-23-038324-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830188/000162828023038324/uhg-20231109.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-038324

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