Green Brick Partners — Feb 26, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001373670-25-000005
Showing in the filing
Share repurchase authorization
“$100 million”
Period
No period stated
Measure
Declared action
Source
Prose
All guidance in this release · 1
Share repurchase authorization
“$100 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
We remain optimistic on the housing market over the long term, which is supported by demographic tailwinds and persistent housing shortages. We have a great land and lot position. On February 17, 2025, our Board approved an increase in our share repurchase authorization to $100 million. Integral to our capital allocation process, we continue to evaluate our land acquisition strategy along with our share repurchase program and other long term company goals” Results for the Quarter Ended December 31, 2024: (Dollars in thousands, except per share data) Three Months Ended December 31, 2024 2023 Change New homes delivered 1,019 825 23.5 % Total revenues $ 567,314 $ 450,382 26.0 % Total cost of revenues 373,279 308,754 20.9 % Total gross profit $ 194,035 $ 141,628 37.0 % Income before income taxes $ 138,094 $ 101,843 35.6 % Net income attributable to Green Brick Partners, Inc. $ 103,813 $ 73,020 42.2 % 1 Diluted net income attributable to Green Brick Partners, Inc. per common share $ 2.31 $ 1.58 46.2 % Residential units revenue $ 556,855 $ 448,525 24.2 % Average sales price of homes delivered $ 546.5 $ 543.5 0.6 % Homebuilding gross margin percentage 34.3 % 31.4 % 290 bps Selling, general and administrative expenses as a percentage of residential units revenue 10.9 % 11.4 % -50 bps Backlog revenue $ 495,883 $ 555,200 (10.7) % Homes under construction 2,341 2,057 13.8 % Results for the Year Ended December 31, 2024: (Dollars in thousa
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.