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NASDAQ:GRBK

Green Brick Partners 3/1/2024 Earnings Report

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$65.08 +0.34 (+0.53%)
As of 10:17 AM Eastern
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Green Brick Partners EPS Results

Actual EPS
$1.58
Consensus EPS
$1.67
Beat/Miss
Missed by -$0.09
One Year Ago EPS
$1.18

Green Brick Partners Revenue Results

Actual Revenue
$450.38 million
Expected Revenue
$478.10 million
Beat/Miss
Missed by -$27.72 million
YoY Revenue Growth
+4.50%

Green Brick Partners Announcement Details

Quarter
Time
After Market Closes
Conference Call Date
N/A
Conference Call Time
N/A

Green Brick Partners Earnings Headlines

Green Brick Partners Inc Share Price (GRBK.A.US)
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About Green Brick Partners

Green Brick Partners (NASDAQ:GRBK) is an integrated residential homebuilding and land development company focused on the acquisition, entitlement, development and construction of single-family homes and residential lots. The company operates through three primary segments: homebuilding, lot development and building products. Its homebuilding segment offers a broad portfolio of community-based single-family homes, townhomes and paired villas across various price points, while its lot development arm entitles and prepares land for sale to third-party builders or internal homebuilding operations. The building products segment provides select materials used in the company’s construction activities.

Since its founding in 1985, Green Brick Partners has grown through strategic land acquisitions, joint ventures and carefully managed build-for-sale initiatives. The company’s disciplined approach to land entitlement and community development allows it to maintain a diversified land bank, with a focus on high-demand markets and master-planned communities. Green Brick’s operational expertise extends from raw land sourcing and zoning approvals to vertical construction and final home delivery, enabling it to capture value at multiple stages of the residential development cycle.

Geographically, Green Brick Partners serves several fast-growing regions in the United States. Its primary markets include Texas (Dallas–Fort Worth, Houston, Austin and San Antonio metropolitan areas), Florida’s Gulf and Atlantic coasts, North Carolina’s Carolinas corridor and Georgia’s metro Atlanta area. The company tailors its product offerings and community amenities to local demographics and market trends, addressing the needs of first-time buyers, move-up purchasers and active adult homeowners alike.

Green Brick Partners is led by David R. Brady, who serves as Chairman and Chief Executive Officer, and a seasoned executive team with deep experience in real estate development and construction. The company emphasizes prudent financial management, strategic partnerships and operational efficiency as core tenets of its growth strategy. Over the years, Green Brick has leveraged both equity and joint-venture structures to expand its footprint, with a commitment to quality craftsmanship, sustainable community design and customer satisfaction.

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