Green Brick Partners(US:GRBK)2024-10-31 15:22Financial Performance - Q3 2024 - Home closings increased by 26.8% year-over-year, reaching 956 units[21] - Residential units revenue increased by 25.7% year-over-year, reaching $523 million[21] - Net income increased by 23.5% to $89 million, and diluted EPS increased by 26.9% to $1.98[23] - Homebuilding gross margin was 32.7%[23] Financial Performance - YTD 2024 - Home closings increased by 20.3% year-over-year to 2,764 units[26] - Residential units revenue increased by 14.6% year-over-year to $1.5 billion[27] - Net income increased by 31.3% to $278 million, and diluted EPS increased by 34.5% to $6.12[28] - Homebuilding gross margin was 33.6%[28] Strategic Positioning - Approximately 80% of revenues YTD24 were from supply constrained infill and infill-adjacent communities[42] - The company has over 37,000 lots owned and controlled as of 9/30/24, an increase of 41% year-over-year, with 67% allocated to Trophy[43] - Debt to total capital ratio is 16.4%, and net debt to total capital ratio is 12.5% as of 9/30/2024[45]