Green Brick Partners, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 02, 2022 at 04:38 pm EDT
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Green Brick Partners, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 407.94 million compared to USD 342.34 million a year ago. Net income was USD 73.52 million compared to USD 48.51 million a year ago. Basic earnings per share from continuing operations was USD 1.58 compared to USD 0.96 a year ago. Diluted earnings per share from continuing operations was USD 1.57 compared to USD 0.95 a year ago.
For the nine months, revenue was USD 1,326.7 million compared to USD 950.63 million a year ago. Net income was USD 236.35 million compared to USD 126.74 million a year ago. Basic earnings per share from continuing operations was USD 4.86 compared to USD 2.5 a year ago. Diluted earnings per share from continuing operations was USD 4.82 compared to USD 2.48 a year ago.
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.
GREEN BRICK PARTNERS, INC. 
