Green Brick Partners, Inc. Provides Earnings Guidance for the Fiscal Year Ending December 31, 2020
January 22, 2021 at 08:00 am EST
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Green Brick Partners, Inc. provided earnings guidance for the fiscal year ending December 31, 2020. For the year, the company expects diluted earnings per share between $2.21 and $2.23, an increase between 90.5% and 92.2% and net income attributable to the company between $112.5 million and $113.5 million, an increase between 91.8% and 93.5%.
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.