Green Brick Partners, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 01:52 am IST
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Green Brick Partners, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 456.29 million compared to USD 525.14 million a year ago. Net income was USD 75.27 million compared to USD 101.26 million a year ago. Basic earnings per share from continuing operations was USD 1.64 compared to USD 2.09 a year ago. Diluted earnings per share from continuing operations was USD 1.63 compared to USD 2.08 a year ago.
For the six months, revenue was USD 908.35 million compared to USD 918.76 million a year ago. Net income was USD 139.45 million compared to USD 162.83 million a year ago. Basic earnings per share from continuing operations was USD 3.02 compared to USD 3.27 a year ago. Diluted earnings per share from continuing operations was USD 3 compared to USD 3.25 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. 
