United Homes Group, Inc - UHG STOCK NEWS

United Homes Group (NASDAQ: UHG) has announced the release date for its third quarter 2024 financial results. The company will disclose the results before the market opens on Friday, November 8, 2024. Following the release, UHG will host a conference call and Q&A session at 8:30 AM Eastern Time on the same day.

Interested parties can participate in the call via phone or webcast. The dial-in numbers are: Toll Free (North America): (+1) 800 715-9871 and International: (+1) 646-307-1963. The Conference ID is 3685495. A webcast link will be available in the investor relations section of the company's website at www.unitedhomesgroup.com.

For those unable to attend live, a recording will be available. Replay numbers are: Toll Free (North America): (+1) 800-770-2030 and International: (+1) 609-800-9909. The Playback Passcode is 3685495.

United Homes Group (NASDAQ: UHG) reported Q2 2024 results with $109.4 million in revenue from closing 337 homes, averaging $341,000 per home. Net income was $28.6 million ($0.50 per diluted share), influenced by a $32.1 million change in fair value of derivative liabilities. The company had 323 net new home orders, slightly down from 341 in Q2 2023. Gross profit margin decreased to 17.9% from 19.6% due to various costs including acquisitions and workforce reduction.

SG&A expenses were 17.9% of revenues, impacted by stock-based compensation and severance costs. Adjusted EBITDA was $7.7 million, down from $13.1 million in Q2 2023. The company ended Q2 2024 with $80.4 million in liquidity, including $24.9 million in cash.

For the first six months of 2024, revenue was $210.3 million, with net income of $53.6 million ($0.93 per diluted share). Home closings and net new orders declined slightly year-over-year. A conference call for investors will be held on August 8, 2024.

United Homes Group (NASDAQ: UHG) has announced the release date for its second quarter 2024 financial results. The company will disclose the results before the market opens on Thursday, August 8, 2024. Following the release, UHG will host a conference call and Q&A session at 8:30 AM Eastern Time on the same day.

Interested parties can participate in the call via phone or webcast. The dial-in numbers are: Toll Free (North America): (+1) 800 715-9871 and International: (+1) 646-307-1963. The Conference ID is 3266426. A webcast link will be available in the investor relations section of the company's website at www.unitedhomesgroup.com. For those unable to attend, a recording replay will be accessible using the provided playback numbers and passcode.

United Homes Group (NASDAQ: UHG) announced a correction regarding the timing of their first quarter 2024 earnings call, now scheduled for Friday, May 10, at 8:30 AM Eastern Time instead of 8:00 AM as previously stated. This adjustment aims to provide accurate information to investors and stakeholders.

United Homes Group, Inc. reported their first quarter 2024 results, showing 311 homes closed with revenue of $100.8 million, an ASP of $335,000 for production-built homes, 384 net new home orders, 63 active communities, and liquidity of $92.0 million. They expanded in the Myrtle Beach market and entered into an agreement for a land fund of up to $150 million. Net income for Q1 2024 was $24.9 million, adjusted book value was $87.2 million. Revenues were $100.8 million, with 311 home closings and 384 net new home orders. ASP of production-built homes increased by 6.7% compared to Q1 2023. Gross profit percentage decreased to 16.0% due to interest rate market conditions. SG&A expenses were 16.9% of revenues, with Adjusted SG&A at 14.2%. Adjusted EBITDA was $7.3 million. The acquisition of Creekside Custom Homes, for $12.7 million expanded UHG's presence in coastal South Carolina.

United Homes Group (NASDAQ: UHG) will release its first quarter 2024 results on May 10, 2024. A conference call will be held on the same day to discuss the results. Interested parties can access the call via phone or webcast.

United Homes Group, Inc. (UHG) reported fourth-quarter and fiscal year 2023 results. In Q4 2023, 387 homes closed, generating $116.8 million in revenue. ASP of production-built homes rose to $320,000. Net new home orders increased to 294. The company acquired Rosewood Communities and Creekside Custom Homes to expand its presence. For the fiscal year, 1,383 homes closed, leading to $421.5 million in revenue. UHG saw a net loss of $66.6 million in Q4 2023 due to changes in fair value of derivative liabilities. Adjusted book value was $90.7 million as of December 31, 2023.

United Homes Group (NASDAQ: UHG) to Release Q4 and Full Year 2023 Results on March 14, 2023

United Homes Group, Inc. (UHG) has announced the acquisition of the homebuilding business and assets of Creekside Custom Homes, LLC, a home builder and land developer in the Coastal region of South Carolina. The acquisition nearly doubles UHG's presence in the Myrtle Beach market and aligns with their land-light strategy. The owner of Creekside will stay on as the Coastal Division Land Manager of UHG's associated land developer, and the Creekside team will join Great Southern Homes' Coastal division. This acquisition follows previous strategic acquisitions in the region, positioning UHG for accelerated growth in the Coastal South Carolina market.