Sector: Consumer Cyclicals | Industry: Homebuilding |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 5501 HEADQUARTERS DR, SUITE 300W PLANO TX 75024 |
Tel: | N/A |
Website: | https://www.greenbrickpartners.com |
IR: | See website |
Key People | ||
David M. Einhorn Chairman of the Board | Jed Dolson President, Chief Operating Officer | James R. Brickman Chief Executive Officer, Director |
Richard A. Costello Chief Financial Officer | Neal J. Suit Executive Vice President, General Counsel, and Chief Risk and Compliance Officer |
Business Overview |
Green Brick Partners, Inc. is a diversified homebuilding and land development company. The Company is engaged in all aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, title and mortgage services, marketing and sales and the creation of brand images at its residential neighborhoods and master planned communities. The Company operates through three segments: Builder operations Central, Builder operations Southeast, and Land development. The Builder operations Central segment represents operations by its builders in Texas. The Builder operations Southeast segment represents operations by its builders in Georgia and Florida. The Land Development segment acquires land for the development of residential lots that are transferred to its controlled builders or sold to third party homebuilders. The Company owns or controls approximately 28,700 home sites in high-growth submarkets. |
Financial Overview |
For the three months ended 31 March 2024, Green Brick Partners Inc revenues decreased 1% to $447.3M. Net income applicable to common stockholders increased 30% to $82.6M. Revenues reflect Builder operations Central segment decrease of 8% to $315.3M. Net income reflects Other income, net increase from $4.3M to $15.4M (income). Basic Earnings per Share excluding Extraordinary Items increased from $1.38 to $1.84. |
Employees: | 600 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $2,686M as of Mar 31, 2024 |
Annual revenue (TTM): | $1,773M as of Mar 31, 2024 |
EBITDA (TTM): | $378.15M as of Mar 31, 2024 |
Net annual income (TTM): | $300.87M as of Mar 31, 2024 |
Free cash flow (TTM): | $49.61M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $163.71M as of Mar 31, 2024 |
Shares outstanding: | 44,930,656 as of Apr 26, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |