Green Brick Partners Inc (N:GRBK)

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
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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

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