Detail akcie United Homes Rg online

Business Summary: 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 Company’s 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 Company’s 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.
Financial Summary: BRIEF: For the three months ended 31 March 2024, United Homes Group Inc revenues increased 6% to $100.8M. Net income totaled $24.9M vs. loss of $204.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects FV/Uls Adjust on Derivatives for Hedging increase from $207.1M (expense) to $26.4M (income), Stock-based Compensation in SGA decrease of 66% to $1.5M (expense).