earnings
confidence high
sentiment negative
materiality 0.65
United Homes Group reports Q2 EPS $0.50, revenue $109.4M; closings fall 12% YoY
United Homes Group, Inc.
2024-Q2 EPS reported
$0.93
revenue$210,258,282
- Net income $28.6M (diluted EPS $0.50) vs $245.4M ($4.27) a year ago; includes $32.1M derivative non-cash charge.
- Revenue $109.4M (-10% YoY from $122.1M); home closings 337 (-12% YoY); net new orders 323 (341 in Q2 2023).
- ASP of production-built homes $341k (+8.9% YoY from $313k); adjusted gross margin 20.9% vs 21.4% YoY.
- Available liquidity $80.4M ($24.9M cash + $55.5M undrawn revolver); ~9,300 lots owned/controlled.