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United Homes Group (UHG)
NASDAQ:UHG
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.44Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 12, 2025
|% Change Since: -39.50%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. On the positive side, United Homes reported growth in new home deliveries and orders, a successful product redesign that improved gross margins, and a beneficial capital markets transaction that reduced leverage and cash interest expenses. However, challenges were noted such as declines in new home starts and community count, decreased gross profit margins due to a competitive market, and the impact of high mortgage rates on affordability. Additionally, there was a significant non-cash loss related to convertible notes. While there are positive initiatives in place, the challenges balance out the highlights.Company Guidance
During the United Homes Group Fourth Quarter 2024 earnings call, the interim CEO, Jamie Pirrello, discussed several strategic initiatives aimed at enhancing the company's financial and operational performance. Key metrics highlighted included a 7% year-over-year growth in new home deliveries and a 19% increase in net new home orders for the fourth quarter. Despite a 26% decline in new home starts, strategic efforts such as product redesign and cost re-bidding are expected to improve gross margins, which currently stand at 16.2% for the quarter, down from 18.5% the previous year. The company also executed a capital markets transaction that reduced leverage by $10 million and lowered cash interest expense by 320 basis points. Looking ahead, UHG plans to open 26 new communities in 2025, and its backlog at year-end was 157 homes valued at approximately $58.3 million. These initiatives reflect the company's focus on maintaining competitive positioning and long-term growth prospects amid challenging market conditions.Year-Over-Year Growth in New Home Deliveries and Orders
United Homes ended 2024 with a 7% year-over-year growth in new home deliveries and a 19% increase in net new home orders in the fourth quarter.
Successful Product Redesign
The company refreshed its product lineup, leading to improved gross margins and strong sales. Over half of the early sales of the refreshed product came from pre-sales, building a backlog for future periods.
Capital Markets Transaction
In December, United Homes refinanced outstanding debt, reducing leverage by $10 million and cash interest expense by 320 basis points. The transaction also reduced potential dilution from the convertible note on share count by about 30%.
Revenue Growth
Revenue for the fourth quarter of 2024 was $134.8 million, up from $116.8 million in the fourth quarter of 2023. For the full year, revenue increased to $463.7 million from $421.5 million in 2023.
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UHG 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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UHG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 12, 2025 | $3.57 | $3.38 | -5.32% |
| Nov 08, 2024 | $6.08 | $6.34 | +4.28% |
| Aug 08, 2024 | $5.75 | $5.96 | +3.65% |
| May 10, 2024 | $6.75 | $6.80 | +0.74% |
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 United Homes Group (UHG) report earnings?
United Homes Group (UHG) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is United Homes Group (UHG) earnings time?
United Homes Group (UHG) earnings time is at May 19, 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 UHG EPS forecast?
Currently, no data Available
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