United Homes Group, Inc. (UHG) Q4 2024 Earnings Conference Call
On March 12, 2025, at 10:00 AM ET, United Homes Group, Inc. (UHG) held its Q4 2024 earnings conference call. The following are key points from the call, featuring company participants Erin Reeves McGinnis, General Counsel; Jamie Pirrello, Interim Chief Executive Officer; Jack Micenko, President; and Keith Feldman, Chief Financial Officer.
Company Participants’ Remarks
Erin Reeves McGinnis: I would like to begin by acknowledging the significant progress made by our team during the past year. In Q4 2024, we continued to focus on our strategic initiatives, which include expanding our presence in key markets, enhancing our product offerings, and enhancing operational efficiencies.
Jamie Pirrello: I am proud to report that our efforts have paid off. Our revenue for Q4 2024 was up 11% compared to the same period last year, reaching $500 million. This growth was driven by a 15% increase in new home sales and a 7% increase in our backlog.
Jack Micenko: Our focus on operational efficiencies has also led to a 6% reduction in our cost of goods sold, contributing to our bottom line. We are committed to continuing these initiatives in the coming year.
Keith Feldman: In terms of our financials, our net income for Q4 2024 was $60 million, up from $45 million in the same period last year. Our EPS came in at $1.25, up from $0.85 in Q4 2023. We expect our full-year 2025 revenue to be in the range of $1.8 billion to $1.9 billion.
Impact on Individual Investors
The strong earnings report from United Homes Group, Inc. (UHG) is a positive sign for individual investors. With revenue growth, expanding product offerings, and operational efficiencies, the company is well-positioned for future success. Additionally, the company’s guidance for full-year 2025 revenue in the range of $1.8 billion to $1.9 billion indicates potential for continued growth and increased profitability.
Impact on the World
The housing market plays a significant role in the global economy. A strong earnings report from United Homes Group, Inc. (UHG) is a positive sign for the industry as a whole. With increased revenue and profitability, UHG is able to invest more in new home construction, creating jobs and contributing to economic growth. Additionally, the company’s focus on operational efficiencies can lead to lower costs for homebuyers, making homeownership more accessible.
Conclusion
In conclusion, United Homes Group, Inc.’s (UHG) strong Q4 2024 earnings report is a positive sign for the company and the housing industry as a whole. With revenue growth, expanding product offerings, and operational efficiencies, UHG is well-positioned for future success. Additionally, the company’s focus on economic growth and accessibility to homeownership has the potential to positively impact individuals and the world.
- UHG reported strong Q4 2024 earnings, with revenue up 11% and net income up 33% compared to the same period last year.
- Company’s strategic initiatives, including expanding presence in key markets, enhancing product offerings, and enhancing operational efficiencies, have paid off.
- Full-year 2025 revenue expected to be in the range of $1.8 billion to $1.9 billion.
- Positive sign for individual investors, as the company is well-positioned for future success.
- Impact on the housing market and global economy, as UHG’s success can lead to economic growth and increased accessibility to homeownership.
