Shares of United Homes Group, Inc. (UHG) have lost 10.8% since the company reported its earnings for the quarter ended March 31, 2025. This contrasts with the S&P 500 Index’s 0.6% gain over the same period. Over the past month, UHG stock has plunged 17.2%, underperforming the S&P 500, which recorded an 11.8% gain.Revenue and Earnings OverviewFor the first quarter of 2025, UHG posted revenues of $87 million, down 13.7% from $100.8 million in the year-ago period. This decline was primarily due to an 18.9% yea ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 Delaware 85-3460766 (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) 917 Chapin Road Chapin, South Carolina 29036 (Address of principal executive offices) (844) 766-4663 (Registrant's telephone number) N/A o TRANSITION REPORT PU ...

Financial Data and Key Metrics Changes - For Q1 2025, the company reported net income of $18.2 million, which includes a fair value adjustment of $21.2 million related to contingent earn-out liability [18] - Revenue for Q1 2025 was $87 million, a decrease of $13.8 million or 13.7% from $100.8 million in Q1 2024, primarily due to lower home closings [18][19] - Home closings totaled 252 homes, down from 311 homes in the prior year period [19] - The average sales price for production built homes was approximately $345,000, a 2.9% increase compared to $335,000 in Q1 2024 [19] - Gross profit for Q1 2025 was $14.1 million, down $2 million or 12.4% from $16.1 million in the prior year [20] - Gross margin improved slightly to 16.2% from 16% [20] Business Line Data and Key Metrics Changes - The company delivered 252 homes in Q1 2025, with an average sales price of $345,000, generating home sales revenue of $87 million [4] - Net new orders for Q1 2025 were 296 homes, down from 384 homes in the prior year period [19] - The backlog as of March 31, 2025, stood at 201 homes, representing approximately $75.3 million in value [20] Market Data and Key Metrics Changes - The company noted that affordability continues to be an issue for buyers, necessitating the use of financing incentives [13] - April orders were up 6% year over year, indicating a positive trend in demand [10][13] Company Strategy and Development Direction - The company has undertaken a product refresh and direct cost reduction initiative to improve competitive positioning and profitability [5][6] - A strategic shift towards presold homes is being emphasized, moving away from a high spec home strategy [8][9] - The company plans to open 10 new communities in Q2 and 18 communities in Q3, which are expected to boost sales efforts [15][22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term prospects for markets in the Carolinas and Georgia due to favorable housing fundamentals [10] - The company is adapting to shifting market dynamics and remains focused on execution and capital allocation [22] - Management noted that the spring selling season started slowly but showed momentum exiting the quarter into April [22] Other Important Information - The company controlled approximately 7,500 lots as of March 31, 2025, positioning it for future growth [22] - Selling, general and administrative expenses for Q1 were $16.2 million, with adjusted SG&A totaling $14.2 million or 16.3% of revenue [21] Summary of Q&A Session - There were no questions during the Q&A session, and the call concluded with management expressing optimism about the future of the company [24][25]

Exhibit 99.1 UNITED HOMES GROUP, INC. REPORTS 2025 FIRST QUARTER RESULTS First Quarter 2025 Highlights COLUMBIA, SC., May 14, 2025 / United Homes Group, Inc. (the "Company") (NASDAQ: UHG) today announced results for the first quarter ended March 31, 2025. First Quarter 2025 Operating Results Gross profit percentage during the first quarter of 2025 was 16.2% compared to 16.0% during the first quarter 2024. The slight increase is attributable to a reduction in interest expense in cost of sales as a percentage ...

Core Viewpoint - United Homes Group, Inc. (UHG) reported a mixed performance in its fourth-quarter 2024 earnings, showing revenue growth but facing challenges in profitability and market conditions [2][10]. Financial Performance - UHG reported fourth-quarter 2024 revenues of $134.8 million, a 15.4% increase from $116.8 million in the prior-year quarter [2]. - The net income for the quarter was $0.7 million, or $0.01 per diluted share, compared to a net loss of $66.6 million, or $1.38 per share, in fourth-quarter 2023 [2]. - Gross profit for the quarter was $21.8 million, with a gross margin of 16.2%, up from $21.6 million and a gross margin of 18.5% in the prior-year period [4]. - Adjusted EBITDA was $7.7 million, down 23.2% from $10 million in fourth-quarter 2023 [5]. Operational Metrics - Home closings rose 6.9% year over year to 414 compared with 387 in fourth-quarter 2023 [3]. - Net new orders increased 19.4% to 351 from 294 in the prior-year period [3]. - The backlog stood at 157 homes valued at approximately $58.3 million, a decline from 189 homes valued at $57.6 million in the prior-year period [6]. Cost Management and Strategic Initiatives - Selling, general, and administrative (SG&A) expenses were $19.3 million, up 4.9% from the prior-year quarter [5]. - UHG focused on streamlining operations by rebidding direct construction costs and launching refreshed home designs, which have shown early positive sales traction [8]. - The company anticipates that product redesigns and cost optimizations will positively impact financial performance in 2025 [10]. Market Conditions - The company faced a competitive pricing environment, with builders sacrificing gross margins for volume due to higher mortgage rates affecting affordability [7]. - The cost of mortgage buydowns increased during the quarter, reaching approximately 5% of revenue [7]. Financial Restructuring - UHG refinanced its convertible notes in December, reducing leverage by $10 million and lowering annual cash interest expenses by approximately $4 million [9]. - The refinancing included a $70 million subordinated loan with a variable interest rate indexed to SOFR plus a spread of 6.75% to 7.75% [9]. Future Outlook - UHG plans to open 11 new communities in the second quarter of 2025 and another 15 in the third quarter of 2025, supporting future revenue growth [13]. - Early sales of redesigned home plans have demonstrated stronger gross margins, contributing to improved profitability as these homes become a larger share of deliveries [11].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-39936 UNITED HOMES GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 85-3460766 (State or ...

United Homes Group (UHG) Q4 2024 Earnings Call March 12, 2025 03:40 PM ET Company Participants Erin Reeves McGinnis - General CounselJames Pirrello - Interim CEO & DirectorJack Micenko - PresidentKeith Feldman - Chief Financial Officer Operator Good morning. My name is Audra, and I will be your conference operator today. At this time, I would like to welcome everyone to the United Homes Group Fourth Quarter twenty twenty four Earnings Call and Webcast. Today's conference is being recorded. All lines have be ...

United Homes Group, Inc. (NASDAQ:UHG) Q4 2024 Earnings Conference Call March 12, 2025 10:00 AM ET Company Participants Erin Reeves McGinnis - General Counsel Jamie Pirrello - Interim Chief Executive Officer Jack Micenko - President Keith Feldman - Chief Financial Officer Conference Call Participants Operator Good morning. My name is Audra, and I will be your conference operator today. At this time, I would like to welcome everyone to the United Homes Group Fourth Quarter 2024 Earnings Call and Webcast. Toda ...

Financial Performance - For Q4 2024, net income was $0.7 million, or $0.01 per diluted share, compared to a net loss of $66.6 million, or $1.38 per diluted share in Q4 2023[2]. - For the fiscal year 2024, net income was $46.9 million, or $0.90 per diluted share, down from $125.1 million, or $2.35 per diluted share in 2023[6]. - Net income for Q4 2024 was $666,718, a significant improvement from a net loss of $(66,640,834) in Q4 2023[30]. - Net income for the year ended December 31, 2024, was $46.91 million, compared to a net income of $125.06 million for the year ended December 31, 2023[24]. Revenue and Sales - Revenue for Q4 2024 was $134.8 million, a 15% increase from $116.8 million in Q4 2023[3]. - Fiscal year 2024 revenue was $463.7 million, a 10% increase from $421.5 million in 2023[7]. - Revenue for Q4 2024 reached $134.81 million, a 15.4% increase from $116.83 million in Q4 2023[24]. - Total net new orders for Q4 2024 increased by 19% year-over-year to 351, while total closings rose by 7% to 414[37]. - For the fiscal year 2024, total net new orders increased by 8% to 1,399, while total closings rose by 3% to 1,431[38]. Profitability Metrics - Gross profit percentage for FY 2024 was 17.2%, down from 18.9% in FY 2023, primarily due to increased sales incentives[8]. - Adjusted EBITDA for FY 2024 was $31.6 million, compared to $40.5 million in FY 2023[10]. - Gross profit for Q4 2024 was $21.78 million, slightly up from $21.62 million in Q4 2023, resulting in a gross profit margin of 16.2%[24][27]. - EBITDA for the year ended December 31, 2024, was $60,431,172, compared to $144,815,138 in 2023, reflecting a decrease in EBITDA margin from 34.4% to 13.0%[30]. - Adjusted EBITDA for Q4 2024 was $7,713,763, with an adjusted EBITDA margin of 5.7%, down from 8.6% in Q4 2023[30]. Assets and Liabilities - Total assets decreased to $265.38 million in 2024 from $298.65 million in 2023[22]. - Total liabilities decreased significantly from $329.83 million in 2023 to $198.51 million in 2024[22]. - The company’s cash and cash equivalents decreased to $22.63 million in 2024 from $56.67 million in 2023[22]. - Total stockholders' equity as of December 31, 2024, was $66,866,872, while adjusted book value was $96,745,405[36]. Operational Highlights - Home closings in Q4 2024 were 414, up 7% from 387 in Q4 2023, while net new orders increased by 19% to 351 from 294 in Q4 2023[3]. - The average sale price of production-built homes rose to approximately $324,000 in Q4 2024, compared to $320,000 in Q4 2023[4]. - The Coastal market saw a 258% increase in net new orders and a 136% increase in closings compared to Q4 2023[37]. - Backlog inventory as of December 31, 2024, was 157 homes valued at $58.3 million, a decrease of 17% in inventory but an increase of 1% in backlog value compared to 2023[38]. Financing Activities - The company completed a refinancing of Convertible Notes in December 2024, expected to reduce interest expense by approximately $4 million annually[3]. - The company experienced a loss on extinguishment of Convertible Notes amounting to $45.64 million in 2024[24]. - The company reported a loss on extinguishment of convertible notes amounting to $45,642,497 for the year ended December 31, 2024[30]. Expenses - Selling, general and administrative expense for Q4 2024 was $19,341,701, with adjusted SG&A at $17,666,568, representing 13.1% of revenue[33].

Core Viewpoint - An investigation has been initiated by Levi & Korsinsky, LLP regarding potential breaches of fiduciary duty by the board of directors of United Homes Group Inc (UHG), previously known as DiamondHead Holdings Corp, for shareholders who purchased stock before March 20, 2023 [1][2]. Group 1 - The investigation focuses on whether the UHG board of directors has violated its fiduciary duties to the company's stockholders [2]. - Levi & Korsinsky, LLP is a nationally recognized law firm with expertise in prosecuting securities litigation and has successfully recovered hundreds of millions of dollars for shareholders [3].