Sign in

Rohit Seth

Senior Research Analyst at B. Riley Financial, Inc.

Rohit Seth is a Senior Research Analyst at B. Riley Securities, specializing in the coverage of building materials, homebuilders, building products, and diversified industrials. He currently covers public companies including Beazer Homes USA, Century Communities, Green Brick Partners, Legacy Housing Corporation, Tecnoglass, and Trex Company, and has achieved a 57.89% success rate with an average return of +39.65% per recommendation, with his top stock call generating a 119.3% return. Seth brings over 13 years of sell-side equity research experience, previously holding senior research roles at Seaport Research Partners, Deutsche Bank, and Truist Securities before joining B. Riley Securities in April 2025. He holds an M.S. in finance from Baruch College at CUNY and a B.S. in management from York University.

Rohit Seth's questions to Century Communities (CCS) leadership

Question · Q3 2025

Rohit Seth inquired about Century Communities' community count guidance, specifically the mid-single-digit increase by year-end, which implies a significant ramp-up in the fourth quarter. He also asked for color on consumer behavior and absorption rates, noting the company's expectation of higher incentives in Q4 despite needing fewer in Q3.

Answer

Scott Dixon, Chief Financial Officer, confirmed the year-over-year ending community count target of around 5%, clarifying it's an ending count, not an average, and consistent with expectations. He described the consumer as 'very uncertain,' particularly at the entry-level, and anticipates higher incentives in Q4 as builders compete for year-end closings.

Ask follow-up questions

Question · Q2 2025

Rohit Seth from B. Riley Securities asked for color on the revised 2025 delivery guidance, July sales trends, performance across different geographic markets, and the outlook for gross margins.

Answer

CFO J. Scott Dixon explained the guidance revision was driven by the current backlog and typical Q3 seasonality, with July and August being slower months. He detailed market performance, noting the West has been strong, Texas is working through affordability issues, and the Southeast has been the strongest region. Dixon stated that incentives will be the largest driver of gross margins, partially offset by direct cost reductions.

Ask follow-up questions

Rohit Seth's questions to Legacy Housing (LEGH) leadership

Question · Q2 2025

Rohit Seth of B. Riley Securities asked about the momentum of order flow into July and August, the development timeline for the Falcon Ranch project in Bastrop, and the reasons for the increase in SG&A expenses.

Answer

President & CEO Duncan Bates responded that the strong dealer-driven revenue growth from Q2 has continued, but landing large community orders is crucial for further growth. Regarding the Bastrop development, he stated the goal is to begin selling lots in 2025, pending the completion of a bridge currently under construction. Bates explained that the SG&A increase was due to unusual year-over-year accrual comparisons for items like warranty and legal expenses, and he expects it to normalize.

Ask follow-up questions

Rohit Seth's questions to Tecnoglass (TGLS) leadership

Question · Q2 2025

Rohit Seth of B. Riley Securities asked about order trends in July, requested a status update on the new vinyl window product line, and inquired about the current market dynamics for window replacement in Florida.

Answer

CFO Santiago Giraldo described July as a record revenue month with continued strong order flow. CEO José Manuel Daes reported that the new vinyl and legacy lines are selling well in western states, with the complete lines expected by year-end, setting up for a significant ramp-up next year. He also characterized the Florida market as very strong, with developers indicating a comeback in residential construction.

Ask follow-up questions

Question · Q2 2025

Rohit Seth from B. Riley Securities inquired about order trends seen so far in July, the status of new vinyl window product certifications, and the current state of the window replacement market in Florida.

Answer

CFO Santiago Giraldo described July as a very strong month with record revenue and robust orders. CEO José Manuel Daes confirmed that the new vinyl and legacy product lines will be fully ready by year-end, with strong market reception in western states fueling excitement for a sales ramp-up next year. Daes also characterized the Florida market as 'really strong' across all segments.

Ask follow-up questions

Question · Q2 2025

Rohit Seth asked about order trends observed in July, the status of the new vinyl window product line, and the current condition of the window replacement market in Florida.

Answer

CFO Santiago Giraldo described July as a very strong month, marking the highest revenue month in the company's history with robust order flow. CEO José Manuel Daes confirmed that the new vinyl and legacy product lines will be fully available by year-end and have been well-received in western states. He also characterized the Florida market as strong, with residential activity picking up as customers adjust to current mortgage rates.

Ask follow-up questions

Question · Q2 2025

Rohit Seth asked about order trends observed in July, the status of the new vinyl window product line certifications, and the current market conditions for window replacement in Florida.

Answer

CFO Santiago Giraldo described July as the highest revenue month in company history with robust order flow. CEO José Manuel Daes reported that new vinyl lines are already selling in western states, with the full line expected by year-end, anticipating a sales 'catapult' next year. He also affirmed that the Florida market remains very strong, with signs of a residential pickup as consumers adapt to interest rates.

Ask follow-up questions

Rohit Seth's questions to Green Brick Partners (GRBK) leadership

Question · Q2 2025

Rohit Seth from B. Riley Securities asked about the recent trajectory of sales incentives and the primary drivers behind the decline in gross margins during the quarter.

Answer

CEO James Brickman noted that while incentives are generally leveling out, market conditions remain inconsistent across different neighborhoods. Interim CFO Jeffery Cox explained that the gross margin decline was predominantly caused by increased mortgage rate buy-downs. He specified that of the approximate 5% drop in average sales price, less than 2% was due to a product mix shift towards Trophy homes, with the remainder attributed to incentives.

Ask follow-up questions

Rohit Seth's questions to SUM leadership

Question · Q3 2024

Asked for details on the two recent M&A deals, including the markets and dynamics, and requested a status update on the realization of cement synergies.

Answer

The two acquisitions were aggregates-focused bolt-ons in their Florida and Phoenix growth platforms, consistent with their strategy. On synergies, they are on track to realize $40 million or more in 2024 and are confident in delivering the committed $80 million over 2024-2025 and $130 million over time. The synergy focus in 2025 will shift more towards operational improvements.

Ask follow-up questions

Best AI for Equity Research

Performance on expert-authored financial analysis tasks

Fintool-v490%
Claude Sonnet 4.555.3%
o348.3%
GPT 546.9%
Grok 440.3%
Qwen 3 Max32.7%