Welcome to our dedicated page for Safe & Green Holdings news (Ticker: SGBX), a resource for investors and traders seeking the latest updates and insights on Safe & Green Holdings stock.
Safe & Green Holdings Corp. (NASDAQ: SGBX) is a pioneering company in modular construction solutions. Leveraging the structural integrity and sustainability of code-engineered cargo shipping containers, the company provides innovative building modules that serve both residential and commercial markets. These modules can be used as permanent or temporary structures, making them ideal for a wide range of applications, including health care facilities, real estate development, and environmental projects.
Safe & Green Holdings operates through four primary segments: construction services, medical, real estate development, and environmental. The majority of the company's revenue comes from its construction segment, which includes the manufacturing unit SG ECHO and various modular projects. The company's technology enables faster construction, lower costs, and more sustainable building practices, making it a leader in green construction.
Since its inception in 2007, Safe & Green Holdings has focused on repurposing shipping containers to meet safe and sustainable housing needs, particularly in hurricane and earthquake-prone areas. The company recently received recertification from the International Code Council (ICC) for its shipping containers, ensuring they meet stringent safety and performance standards. This achievement underscores the company's commitment to quality and innovation in modular construction.
Safe & Green Holdings' projects are designed to exceed typical building code requirements, offering developers, architects, and builders a high-value, eco-friendly construction option. The company's dedication to reducing the global carbon footprint is evident through its sustainable building practices and use of recycled materials. Partnering with industry leaders and constantly evolving its technology, Safe & Green Holdings continues to set new benchmarks in the modular construction industry.
For more information, visit the company's investor relations page or contact Crescendo Communications, LLC at (212) 671-1020 or via email at SGBX@crescendo-ir.com.
SG Blocks, Inc. (NASDAQ: SGBX) has announced the acquisition of over 50 acres in Lago Vista, Texas, for upscale condominium development, including amenities like a health club and marina. The project, anticipated to yield revenue of approximately $20 million, aligns with the booming Austin market's demand for eco-friendly housing. Groundbreaking is slated for Q2 2022, with projected condominium sales between $80 and $90 million. The units will be manufactured in Oklahoma, emphasizing sustainable, USA-made construction.
SG Blocks (Nasdaq: SGBX) will host a conference call on May 17, 2021, at 4:30 p.m. ET to discuss its Q1 2021 financial results. The call features CEO Paul Galvin and will be accessible via a toll-free dial-in. A live webcast will also be available on the company's website, with a replay option until May 31, 2021. SG Blocks specializes in container-based structures and promotes sustainable construction using code-engineered cargo shipping containers. Further information can be found at www.sgblocks.com.
SG Blocks (Nasdaq: SGBX) reported remarkable financial results for Q4 2020, achieving record revenues of approximately $7.4 million, compared to $337,000 in Q4 2019. This growth stemmed from a significant increase in construction and medical revenues. The Company's gross profit in Q4 was approximately $1.6 million, reflecting a margin of 21.8%. By year-end, SG Blocks had 21 projects under contract, with a construction backlog of $25.1 million. Despite challenges, the company launched SGB Development Corp. to co-develop residential properties, further enhancing its pipeline for 2021.
SG Blocks (Nasdaq: SGBX) will hold a conference call on April 15, 2021, at 4:30 p.m. ET to discuss financial results for Q4 and the full year ended December 31, 2020. Expected revenue for Q4 is approximately $6.2 million, while the total revenue for 2020 is around $8.2 million. The call will be hosted by CEO Paul Galvin, and interested participants can dial in using specified numbers or join via the company’s website for a live broadcast. The company emphasizes its innovative approach to sustainable construction using code-engineered shipping containers.
SG Blocks, Inc. (Nasdaq: SGBX) has announced a rescheduling of its financial results release for the fourth fiscal quarter ending December 31, 2020. Details regarding the new date for the Fourth Quarter and Full Year 2020 earnings conference call will be shared ahead of the announcement. SG Blocks is known for its innovative use of code-engineered shipping containers for construction, offering sustainable and compliant building solutions. Their unique GreenSteel™ core promotes faster, greener, and more resilient buildings.
SG Blocks, Inc. (NASDAQ: SGBX) has launched a new website featuring upgraded branding and a dedicated section for SG Home™, its line of affordable, eco-friendly homes. These homes, built at the SG Echo Factory in Durant, Oklahoma, will start at about $87,000, emphasizing durability and resistance to natural disasters. CEO Paul Galvin highlighted the initiative as a response to a market gap for quality affordable housing. The new site also provides insights into SG Blocks' diverse sectors, including commercial and healthcare.
SG Blocks, Inc. (SGBX) has rescheduled its fourth fiscal quarter financial results release to March 25, 2021, due to COVID-19 cases within its finance department. The Company anticipates revenue for Q4 2020 to exceed $5 million, a significant increase from approximately $337,000 for Q4 2019. Annual revenue for 2020 is projected to be at least $6.5 million compared to $3.0 million in 2019. The Annual Report on Form 10-K will also be filed on the same date. CEO Paul Galvin will host a conference call for shareholders.
SG Blocks, Inc. (NASDAQ: SGBX) announced a successful sub-lease agreement for a site designated for COVID-19 vaccinations in Des Plaines, Illinois, with Cook County. This facility features 200,000 square feet of space and will support a mass vaccination program. Paul Galvin, Chairman and CEO, expressed satisfaction in aiding Cook County's vaccination efforts. The site will also allow Chicago Airport Testing to transition to a new location while expanding their program with remote collection units. This initiative reflects SG Blocks' commitment to community health and innovative use of their space.
SG Blocks, Inc. (NASDAQ: SGBX) has announced plans to acquire a 7-acre site in Austin, Texas, for the development of up to 225 condo units to be sold at market rates. The project is expected to begin in Q3 2021, following planning and approvals. Funding will come from third-party debt and equity sources, with estimated net profits exceeding $20 million from the sale of the condos. The units aim to attract young professionals and millennials looking for waterfront living.
SG Blocks (NASDAQ: SGBX) has launched SGB Development Corp. to enhance low- and moderate-income housing. The new arm will collaborate with financial partners to create affordable housing across the U.S. A 19-acre site in Durant, OK, has been acquired for a 60,000 SF manufacturing facility, with plans for an additional 350,000 SF. SG Blocks aims to reduce construction time by 50%, lowering costs and expediting occupancy. CEO Paul Galvin highlighted the importance of local partnerships in delivering safe, green, and affordable homes.
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