United Homes Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 04:05 pm EDT
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United Homes Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 122.09 million compared to USD 142.47 million a year ago. Net income was USD 245.36 million compared to USD 25.9 million a year ago. Basic earnings per share from continuing operations was USD 5.1 compared to USD 0.69 a year ago. Diluted earnings per share from continuing operations was USD 4.27 compared to USD 0.69 a year ago.
For the six months, sales was USD 216.92 million compared to USD 250.91 million a year ago. Net income was USD 40.86 million compared to USD 42.92 million a year ago. Basic earnings per share from continuing operations was USD 0.95 compared to USD 1.15 a year ago. Diluted earnings per share from continuing operations was USD 0.89 compared to USD 1.15 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. 
