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

Issuer:     United Homes Group, Inc. (UHG)
CIK:        0001830188
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001830188-24-000022
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

United Homes Group reports Q2 EPS $0.50, revenue $109.4M; closings fall 12% YoY
-------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1830188/000183018824000022/0001830188-24-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1830188/000183018824000022/uhg-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001830188-24-000022

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