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Green Brick Partners Inc (GRBK)
:GRBK
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.58Last Year’s EPS
1.82Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 3.27%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
Green Brick Partners demonstrated strong financial performance and significant growth in home closings and revenue. Despite challenges like a decline in backlog revenue and the impact of rising mortgage rates, the company's strategic land acquisitions and robust financial health indicate a positive outlook.Company Guidance
During the fourth quarter of 2024, Green Brick Partners reported record results. They closed 1,019 homes, generating $557 million in home closing revenue, a 24% increase year-over-year, with 80% of these revenues from infill and infill adjacent submarkets. Net sales orders rose by 29%, and average selling communities grew by 19%. Net income for the quarter rose 42% to $104 million, and diluted EPS increased 46% to $2.31. For the full year, home closings reached 3,783 units, producing over $2.07 billion in revenue, a 17.1% increase. Homebuilding gross margins improved to 33.8%, up 290 basis points from the previous year. Green Brick ended the year with a strong balance sheet, a 10.7% net debt to total capital ratio, and a backlog revenue of $496 million. The company plans to increase land development spending by 46% in 2025, focusing on strategic infill locations and leveraging their Trophy brand to capitalize on affordable housing demand.Record Home Closings and Revenue Growth
In Q4 2024, Green Brick closed a record 1019 homes, with home closing revenue up 24% year-over-year to $557 million, marking significant growth in infill and infill adjacent submarkets.
Strong Financial Performance
Net income for Q4 grew 42% to $104 million, with diluted EPS increasing 46% year-over-year to $2.31. For the full year 2024, diluted annual EPS was $8.45, beating last year's record by 38%.
Impressive Growth in Homebuilding Gross Margins
Full-year homebuilding gross margins improved from 20.6% in 2015 to 33.8% in 2024, representing a 64% improvement.
Expanding Land and Lot Position
Total land inventory grew almost 8x from approximately 4,700 lots in 2015 to over 37,800 lots in 2024, while maintaining a low debt to total capital ratio of 17.2%.
High Return on Equity and Assets
Full year return on equity in 2024 was 26.8% and return on assets was 18.2%, both indicating strong financial health.
Positive Start to 2025
Despite challenges, the company remains optimistic about long-term housing demand, driven by millennials and Gen Z entering prime home buying years.
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GRBK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GRBK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $57.84 | $61.20 | +5.81% |
| Oct 30, 2024 | $76.15 | $69.01 | -9.38% |
| Jul 31, 2024 | $73.15 | $72.88 | -0.37% |
| May 01, 2024 | $55.05 | $55.03 | -0.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Green Brick Partners Inc (GRBK) report earnings?
Green Brick Partners Inc (GRBK) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Green Brick Partners Inc (GRBK) earnings time?
Green Brick Partners Inc (GRBK) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GRBK EPS forecast?
GRBK EPS forecast for the fiscal quarter 2025 (Q1) is 1.58.
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