Green Brick Partners, Inc. (NYSE:GRBK) Q3 2024 Earnings Conference Call October 31, 2024 12:00 PM ET

Company Participants

Rick Costello – Chief Financial Officer
Jim Brickman – Co-Founder and Chief Executive Officer
Jed Dolson – President and Chief Operating Officer

Conference Call Participants

Alex Rygiel – B. Riley
Carl Reichardt – BTIG
Jay McCanless – Wedbush

Operator

Hello, everyone. My name is Jessica, and I will be your conference operator today. At this time, I would like to welcome everyone to the Green Brick Partners, Inc. Third Quarter 2024 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

I would now like to turn the call over to Rick Costello, Chief Financial Officer. Please go ahead.

Rick Costello

Good afternoon, and welcome to Green Brick Partners earnings call for the third quarter ended September 30, 2024. Following today’s remarks, we will hold a Q&A session. As a reminder, this call is being recorded and will be available for playback. In addition, a presentation will accompany today’s webcast and is also available on the company’s website at investors.greenbrickpartners.com. On the call today is Jim Brickman, Co-Founder and Chief Executive Officer; Jed Dolson, President and Chief Operating Officer; and myself, Rick Costello, Chief Financial Officer.

Some of the information discussed on this call is forward-looking, including the company’s financial and operational expectations for 2024 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, October 31, 2024, and the company has no obligation to update any forward-looking statement it may make. Our comments also include non-GAAP financial metrics. The 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 the presentation available on the company’s website.

With that, I’ll turn the call over to Jim. Jim?

Jim Brickman

Thank you, Rick. Before we dive into the financial results today, I would like to take a moment to acknowledge a significant milestone for Green Brick. This week marks the tenth anniversary since Green Brick became a public company. Over the past decade, we have prided ourselves on our ability to navigate turbulent environments while maintaining a focus on our long-term growth objectives. 10 years ago, in 2014, we had fewer than 600 closings and $246 million in total revenues.