United Homes Group Q4 net income $0.7M, revenue up 15%; full-year closings up 3%

United Homes Group, Inc.

Q4 2024 net income $0.7M ($0.01 diluted EPS) vs net loss $66.6M ($1.38 loss) in Q4 2023.
Q4 revenue $134.8M (+15% YoY) on 414 home closings (+7% YoY); net new orders 351 (+19% YoY).
Full-year 2024 revenue $463.7M (+10%), closings 1,431 (+3%), net new orders 1,399 (+8%).
Average sale price of production-built homes $324K in Q4 (vs $320K in Q4 2023); full-year ASP $329K (vs $316K).
Refinancing of convertible notes expected to reduce annual interest expense by ~$4M and reduce future dilution.

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