Green Brick reports Q1 EPS $1.67, consensus $1.70

Reports Q1 revenue $497.6M, consensus $491.54M. “Our strategic focus on infill and infill-adjacent locations, coupled with our self-development strategy, continued to yield strong results for Green Brick (GRBK). Driven by strong home closings, we commenced 2025 with 11.8% year-over-year growth in homebuilding revenue to $495 million, a record for any first quarter in company history. Furthermore, we maintained our leading position among our public peers with respect to homebuilding gross margins even with the affordability challenges created by the elevated interest rate environment, while experiencing only a modest year-over-year decline of 220 bps to 31.2%,” said Jim Brickman, CEO and Co-Founder. “Diluted EPS for the first quarter decreased year-over-year 8.2% to $1.67 primarily due to the sale of our 49.9% interest in Challenger Homes in Q1 2024, which benefited last year’s earnings by $0.21 per share. Excluding this one-time benefit, Diluted EPS in Q1 2024 was $1.61. Taking that into account, 2025 underlying earnings grew 3.7% in Q1 2025 compared to the prior year.”