Core Viewpoint - The proposed sale of United Homes Group, Inc. to Stanley Martin Homes, LLC is under investigation to assess the adequacy of the cash offer of $1.18 per share for shareholders [1] Group 1: Transaction Details - Shareholders of United Homes Group will receive $1.18 per share in cash as part of the proposed transaction [1] - The investigation is being conducted by former Attorney General of Louisiana Charles C. Foti, Jr. and the law firm Kahn Swick & Foti, LLC [1] Group 2: Investigation Purpose - The purpose of the investigation is to determine whether the cash consideration and the process leading to the proposed sale are adequate [1]

$HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of United Homes Group, Inc. (NASDAQ: UHG) [Accessibility Statement] Skip NavigationNEW YORK, Feb. 23, 2026 /PRNewswire/ -- Class Action Attorney [Juan Monteverde] with [Monteverde & Associates PC](the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York Cit ...

Shareholder Alert: The Ademi Firm investigates whether United Homes Group, Inc. is obtaining a Fair Price for its Public Shareholders [Accessibility Statement] Skip NavigationMILWAUKEE, Feb. 23, 2026 /PRNewswire/ -- Ademi LLP is investigating United Homes (NASDAQ: UHG) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Stanley Martin Homes.Click [here] to learn how to join our investigation and obtain additional information or contact us at [[email ...

Core Viewpoint - Halper Sadeh LLC is investigating whether United Homes Group, Inc. is obtaining a fair price for its shareholders in the proposed sale to Stanley Martin Homes, LLC for $1.18 per share in cash [1] Group 1: Investigation Details - The investigation focuses on potential violations of federal securities laws and breaches of fiduciary duties by United Homes Group and its board of directors [1] - Concerns include whether the company obtained the best possible price for shareholders, conducted a fair sales process free of conflicts of interest, and disclosed all material information necessary for shareholders to evaluate the transaction [1] Group 2: Shareholder Rights - Shareholders are encouraged to contact Halper Sadeh LLC to discuss their rights and options at no cost or obligation [1] - The firm may seek increased consideration, additional disclosures, or other relief and benefits on behalf of shareholders [1]

RESTON, Va. & COLUMBIA, S.C.--(BUSINESS WIRE)--Stanley Martin Homes, LLC ("Stanley Martin†) and United Homes Group, Inc. (NASDAQ: UHG) ("United Homes†) today announced that they have entered into a definitive agreement under which Stanley Martin will acquire United Homes in an all- cash transaction that represents an enterprise value of approximately $221 million. Under the terms of the agreement, United Homes shareholders will receive $1.18 per share in cash. The transaction is expected to close in the ...

Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Trex Company, Inc., United Homes Group, Inc., and Nidec Corporation for possible violations of federal securities laws and other unlawful business practices [1] Trex Company, Inc. (NYSE:TREX) - Trex reported disappointing Q3 2025 financial results with net sales of $285 million, which was 5% below the mid-point of its guidance and a sequential decline of about 26% [5] - The company experienced a 12% decline in net income per share for the nine months ended September 30, 2025, compared to the prior year [5] - Trex revised its FY 2025 sales growth guidance down to roughly 0% compared to 2024, expecting a "muted" fourth quarter [5] - Following the announcement, Trex's share price fell by $14.61, or approximately 31.07%, from $47.04 to $32.43 [5] United Homes Group, Inc. (NASDAQ:UHG) - On October 20, 2025, six board members of UHG resigned after Executive Chairman Michael Nieri refused to step down and forgo future compensation [5] - The resignation followed a strategic review by independent directors, who concluded that continuing as an independent public company was in the best interests of UHG and its stockholders [5] - UHG's stock price fell by $2.24, or 52.46%, to close at $2.03 per share on the same day [5] Nidec Corporation (OTCMKTS:NJDCY) - Nidec established a third-party committee to investigate suspicions of improper accounting, revealing multiple documents suggesting potential improper practices involving management [5] - Following the initial disclosure, Nidec's ADR price fell by $0.81, or 16.5%, to close at $4.11 [5] - On September 26, 2025, Nidec disclosed further findings of inappropriate accounting practices, leading to a decline in ADR price by $0.29, or 6.6%, to close at $4.09 [5] - On October 23, 2025, Nidec withdrew its year-end forecast and decided not to pay a surplus dividend due to ongoing investigations, resulting in a price drop of $1.17, or 25.4%, to close at $3.43 [5] - The Tokyo Stock Exchange designated Nidec under a Special Security alert due to identified deficiencies in internal control systems [5]

Core Insights - Bragar Eagel & Squire, P.C. is investigating potential claims against Trex Company, Inc., United Homes Group, Inc., and Nidec Corporation for possible violations of federal securities laws and unlawful business practices [1] Trex Company, Inc. (NYSE:TREX) - Trex reported disappointing Q3 2025 financial results with net sales of $285 million, which was 5% below the mid-point of its guidance and a sequential decline of about 26% [5] - The company experienced a 12% decline in net income per share for the nine months ended September 30, 2025, compared to the prior year [5] - Trex revised its FY 2025 sales growth guidance down to roughly 0% compared to 2024, expecting a "muted" fourth quarter [5] - Following the announcement, Trex's share price fell by $14.61, or approximately 31.07%, closing at $32.43 on November 5, 2025 [5] United Homes Group, Inc. (NASDAQ:UHG) - On October 20, 2025, six board members of UHG resigned after Executive Chairman Michael Nieri refused to step down or forgo future compensation [5] - The special committee of independent directors concluded that continuing as an independent public company was in the best interests of UHG and its stockholders [5] - UHG's stock price fell by $2.24, or 52.46%, closing at $2.03 per share on October 20, 2025 [5] Nidec Corporation (OTCMKTS:NJDCY) - Nidec established a third-party committee to investigate suspicions of improper accounting, revealing multiple documents suggesting potential improper practices [5] - Following the initial disclosure, Nidec's ADR price fell by $0.81, or 16.5%, closing at $4.11 on September 4, 2025 [5] - On September 26, 2025, Nidec disclosed further findings of inappropriate accounting practices, leading to a decline in ADR price by $0.29, or 6.6%, to $4.09 [5] - Nidec withdrew its year-end forecast and decided not to pay a surplus dividend due to ongoing investigations, resulting in a price drop of $1.17, or 25.4%, to $3.43 on October 23, 2025 [5] - The Tokyo Stock Exchange designated Nidec under a Special Security alert due to identified deficiencies in its internal management systems [5][8]

Core Viewpoint - United Homes Group, Inc. (UHG) reported a significant decline in earnings for the third quarter of 2025, with a net loss widening to $31.3 million, reflecting challenges in home closings and increased non-cash losses from derivative liabilities [2][12] Financial Performance - Revenue for Q3 2025 fell 23.5% year-over-year to $90.8 million from $118.6 million, primarily due to a 28.9% decline in home closings [2][4] - The net loss for the quarter was $31.3 million, or $0.53 per diluted share, compared to a loss of $7.3 million, or $0.15 per diluted share, in Q3 2024 [2] - Gross margin contracted to 17.7% from 18.9%, while adjusted gross margin slipped to 19.6% from 20.6% [3][5] - Adjusted EBITDA for the quarter decreased 57.5% to $3.8 million from $8.9 million, with the adjusted EBITDA margin contracting to 4.2% from 7.6% [6] Operational Metrics - For the first nine months of 2025, revenue declined 13.9% to $283.3 million, and home closings dropped 19.7% to 817 [4] - Net new orders eased 4.9% to 324 from 341 a year earlier, although the average sales price of production-built homes rose about 8.1% to $346,000 [3][5] - The company reported a backlog of 264 homes valued at approximately $94.3 million, indicating a 20% increase in backlog value year-over-year [7] Market Conditions - Closings dropped broadly across key markets, with a 45.6% decline in the Midlands region and a 22.2% decline in the Raleigh region [8][11] - Management attributed the quarter's performance to affordability challenges and a choppy housing market, but noted sequential improvement in September [9][13] Strategic Developments - United Homes concluded a review of strategic alternatives, deciding to continue as an independent public company, which led to several director resignations [14] - The company is focusing on operational efficiencies, cost savings, and maintaining a disciplined approach to pricing and incentives [10][13]

Revenue and Profitability - UHG's revenue for the three months ended September 30, 2025, was approximately $90.8 million, a decrease of 23.5% from $118.6 million in the same period of 2024[118][125]. - For the nine months ended September 30, 2025, UHG generated revenue of approximately $283.3 million, down from $328.9 million in the same period of 2024, reflecting a decrease of 13.9%[119][120]. - Revenue for the nine months ended September 30, 2025 was $283.3 million, a decrease of $45.6 million, or 13.9%, from $328.9 million for the same period in 2024[145]. - Gross profit for the three months ended September 30, 2025 was $16.0 million, a decrease of $6.4 million, or 28.6%, from $22.4 million for the same period in 2024[128]. - Gross profit for the nine months ended September 30, 2025, was $50.1 million, down 13.8% from $58.1 million in 2024, with a gross margin of 17.7%[150]. - Adjusted gross profit for the three months ended September 30, 2025 was $17.8 million, a decrease of $6.7 million, or 27.4%, compared to $24.5 million for the same period in 2024[129]. - Adjusted gross profit decreased to $56.6 million for the nine months ended September 30, 2025, down 16.6% from $67.9 million in 2024, with an adjusted gross margin of 20.0%[151]. - The company reported a net loss of approximately $31.3 million for the three months ended September 30, 2025, compared to a net loss of $7.3 million in the prior year, representing an increase in net loss of 326.4%[118][124]. - Net (loss) income for the nine months ended September 30, 2025 was $(19.5) million, compared to $46.2 million for the same period in 2024, representing a decrease of $65.7 million, or 142.1%[145]. Orders and Closings - The company had 324 net new orders for the three months ended September 30, 2025, a decrease of 5.0% compared to 341 net new orders in the same period of 2024[113][115]. - Net new orders for the three months ended September 30, 2025 were 324 units, a decrease of 17 units, or 5.0%, from 341 units for the same period in 2024[140]. - Net new orders for the nine months ended September 30, 2025, were 924 units, a decrease of 124 units from 1,048 units in the same period of 2024[161]. - The cancellation rate for the three months ended September 30, 2025 was 14.3%, an increase of 1.5%, from 12.8% for the same period in 2024[141]. - The cancellation rate increased to 12.8% for the nine months ended September 30, 2025, up from 11.6% in the prior year[162]. - The company experienced a 29.0% decrease in home closings, with 262 closings in the three months ended September 30, 2025, down from 369 closings in the prior year[118][125]. - Home closings decreased by 19.7% to 817 units in the nine months ended September 30, 2025, compared to 1,017 units in the prior year[148]. Backlog and Sales Price - UHG's backlog increased by 20.0% to 264 homes as of September 30, 2025, compared to 220 homes in the prior year[124]. - Backlog as of September 30, 2025 was 264 units, an increase of 44 units, or 20.0%, from 220 units as of September 30, 2024[143]. - The average sales price of homes closed increased by 8.0% to $345,920 for the three months ended September 30, 2025, compared to $320,199 in the same period of 2024[124][126]. Operational Improvements and Strategy - UHG's operational improvements include refreshing the portfolio of house plans and expanding customization options for buyers to enhance sales and gross margins[117]. - The company plans to grow organically and through the expansion of its mortgage joint venture, Homeowners Mortgage, LLC, to improve revenue and EBITDA growth[114]. Expenses and Cash Flow - Selling, general and administrative expense for the three months ended September 30, 2025 was $17.6 million, a decrease of $1.1 million, or 5.9%, from $18.7 million for the same period in 2024[129]. - Selling, general and administrative expenses decreased to $51.7 million for the nine months ended September 30, 2025, down from $55.4 million in 2024[151]. - Net cash flows used in operating activities for the nine months ended September 30, 2025, were $21.0 million, an increase of $9.0 million compared to $12.0 million for the same period in 2024[181]. Financial Position and Liquidity - As of September 30, 2025, UHG had approximately $25.6 million in cash and cash equivalents, an increase of $3.0 million from $22.6 million as of December 31, 2024[170]. - The Syndicated Line of credit had outstanding borrowings of $79.7 million as of September 30, 2025, with $57.5 million available under the facility[174]. - The term loan had an outstanding balance of $67.4 million as of September 30, 2025, with a weighted average interest rate of 11.59%[177]. - UHG's liquidity and profitability could be adversely impacted by continued operational headwinds[171]. Tax and Derivative Liabilities - The effective tax rate for the full fiscal year as of September 30, 2025 is estimated at 11.7%, compared to 17.0% as of September 30, 2024[139]. - The estimated annual effective tax rate for the Company as of September 30, 2025, is 11.7%, compared to 17.0% as of September 30, 2024[155]. - Change in fair value of derivative liabilities for the three months ended September 30, 2025 was a loss of $27.2 million, compared to a loss of $7.8 million for the same period in 2024, representing an increase in loss of $19.4 million, or 249.5%[132]. - The change in fair value of derivative liabilities resulted in a loss of $12.2 million for the nine months ended September 30, 2025, compared to a gain of $50.7 million in the prior year[154]. Interest Rate Impact - A 100 basis point increase in overall interest rates would negatively affect the Company's net income by approximately $1.5 million[191].

Core Points - United Homes Group held its Third Quarter 2025 Earnings Call, indicating a focus on financial performance and future outlook [1][2] - The call included forward-looking statements, which are subject to various assumptions and uncertainties [2][3] - The company cautioned that these forward-looking statements should not be relied upon as definitive views, as they may change over time [3][4] Financial Performance - The earnings call is part of the company's regular reporting process, highlighting its financial results for the third quarter of 2025 [1][2] - The company will provide reconciliations of non-GAAP financial measures to GAAP measures, accessible through its website and SEC filings [4]