Green Brick Partners, Inc. (GRBK) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

and is also available on the company's website at .greenbrickpartners.com. On the call today is Jim Brickman, co-founder and chief executive officer, Jed Dolson, president and chief operating officer, and myself, Jeff Cox, interim chief financial officer. Some of the information discussed on this call is forward-looking, including a discussion of the company's financial and operational expectations for 2025 and beyond. In yesterday's press release and SEC filings, the company detailed material risks that may cause its future results to differ from its expectations. The company's statements are as of today, July 31st, 2025, and the company has no obligation to update any forward-looking statement it may make. The comments also include non-GAAP financial metrics, reconciliation of these metrics, and the other information required by Regulation G can be found in the earnings release that the company issued yesterday and in the presentation available on the company's website. With that, I'll turn the call over to Jim. Thank you, Jeff. I'm pleased to announce our second quarter results, particularly given the ongoing and persistent affordability challenges faced by many consumers in this housing market. Net income attributable to GreenBrick for the second quarter was $82 million, or $1.85 per diluted share. As we exited the spring selling season, our performance remained strong despite high interest rates and decreasing consumer confidence. We were focused on balancing price and pace to maximize returns in each of our communities. Our builders and their sales teams were able to adapt quickly to changing market conditions to drive traffic and sales. As a result, we set several company records during the quarter. For one, we achieved a record for closings by delivering 1,04...