United Homes Group, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 14, 2024 at 07:01 am EDT
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United Homes Group, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 116.83 million compared to USD 115.09 million a year ago. Net loss was USD 66.64 million compared to net income of USD 10.9 million a year ago. Basic loss per share from continuing operations was USD 1.38 compared to basic earnings per share from continuing operations of USD 0.29 a year ago. Diluted loss per share from continuing operations was USD 1.38 compared to diluted earnings per share from continuing operations of USD 0.28 a year ago.
For the full year, sales was USD 421.47 million compared to USD 477.05 million a year ago. Net income was USD 125.06 million compared to USD 69.49 million a year ago. Basic earnings per share from continuing operations was USD 2.74 compared to USD 1.86 a year ago. Diluted earnings per share from continuing operations was USD 2.35 compared to USD 1.81 a year ago.
United Homes Group, Inc. is a residential builder. The Company designs, builds and sells homes in high growth markets, including South Carolina, North Carolina, and Georgia. It has 63 active communities. UHG principally builds detached single-family houses, and, to a lesser extent, attached single-family houses, including duplex houses and town houses. The Company operates through two segments: South Carolina and Other. South Carolina segment consists primarily of the Companyâs homebuilding operations in South Carolina and a small amount of operations in Georgia. Other segment consists of homebuilding operations in Raleigh, NC, as well as the Companyâs mortgage banking joint venture. It leases local offices in Myrtle Beach, South Carolina, Mauldin, South Carolina and Raleigh, North Carolina. The Company has delivered approximately 14,000 homes.
UNITED HOMES GROUP, INC. 