United Homes Q1 net income $24.9M; home closings down 5% YoY

United Homes Group, Inc.

2024-Q1 EPS reported $0.44 revenue$100,838,245

Net income $24.9M ($0.44/diluted) vs net loss $204.5M in Q1 2023; includes $26.4M non-cash derivative expense.
Revenue $100.8M (+6% YoY); 311 home closings vs 328; production-built ASP ~$335K (+6.7%).
Net orders 384 (flat YoY); active communities 63; available liquidity $92M.
Entered up-to-$150M land fund agreement with Developers Capital Fund LLC.

item 2.02 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

United Homes Group, Inc. reported three months ended March 31, 2024 results: revenue $100.8 million, net income $24.9 million, or $0.44 per diluted share, EPS $0.44 per diluted share.

Period: three months ended March 31, 2024
Revenue: $100.8 million
Net income: $24.9 million, or $0.44 per diluted share
EPS: $0.44 per diluted share
Result: reported results

Exact text from the filing

(EX-99.1) --- UNITED HOMES GROUP, INC. REPORTS 2024 FIRST QUARTER RESULTS First Quarter 2024 Highlights • 311 homes closed, resulting in revenue, net of sales discounts, of $100.8 million • Average sale price ("ASP") of production-built homes was approximately $335,000 compared to $314,000 in Q1 2023 • 384 net new home orders in Q1 2024 compared to 389 net new

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Source: SEC EDGAR

accession 0001830188-24-000014

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