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Green Brick Partners, Inc. is a diversified homebuilding and land development company operating primarily in high-growth U.S. metropolitan areas. The company builds homes through its subsidiary homebuilders in Texas, Georgia, and Florida, and engages in land development for residential lots. Green Brick also provides related financial services, including title, mortgage, and insurance services.
- Builder Operations Central - Conducts homebuilding activities in Texas, contributing significantly to the company's revenue.
- Builder Operations Southeast - Engages in homebuilding activities in Georgia and Florida, providing a substantial portion of the company's revenue.
- Land Development - Acquires and develops land for residential lots, which are either transferred to controlled builders or sold to third-party homebuilders.
- Financial Services - Offers title, mortgage, and insurance services to homebuyers, enhancing the home purchasing process.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
James R. Brickman ExecutiveBoard | Chief Executive Officer | CEO of Green Brick Partners since October 2014. A co-founder and experienced director with over 40 years in real estate development and finance. | View Report → | |
Jed Dolson Executive | President and Chief Operating Officer | Jed Dolson currently serves as President and Chief Operating Officer of GRBK since October 27, 2023. He previously held executive roles including Executive Vice President and Chief Operating Officer since September 2020 and served as President of Texas Region starting in October 2017. | ||
Jeffery D. Cox Executive | Interim Chief Financial Officer (CFO) | Jeffery D. Cox is the Interim Chief Financial Officer and Principal Accounting Officer at GRBK since March 17, 2025. He previously served as Senior Vice President of Finance starting in June 2023 and held roles at Richmond American Homes and Lennar. | ||
Neal Suit Executive | Executive Vice President, General Counsel, and Chief Risk and Compliance Officer | Neal Suit has been serving as Executive Vice President, General Counsel, and Chief Risk and Compliance Officer at GRBK since October 31, 2022, leveraging over 20 years of legal experience. Previously, he served as General Counsel and Chief Risk Officer at GRBK. | ||
David Einhorn Board | Chairman of the Board | President and Co-Founder of Greenlight Capital, Inc.; Chairman of Greenlight Capital Re, Ltd. | David Einhorn has been a director of GRBK since May 2006 and currently serves as Chairman of the Board, providing governance and leadership to the company. He is also the President and Co-Founder of Greenlight Capital, Inc. and Chairman of Greenlight Capital Re, Ltd., which underscores his extensive expertise in investment management. | |
Elizabeth K. Blake Board | Lead Independent Director | Elizabeth K. Blake is the Lead Independent Director at GRBK since September 2007 and brings extensive expertise in corporate governance and risk management, supported by a long history in legal counsel and executive leadership roles. | ||
Harry Brandler Board | Director | Harry Brandler has served as a Director at GRBK since October 2014 with over 23 years of finance, accounting, and management experience, and he also holds roles as Chair of the Compensation Committee and as a member of the Governance & Sustainability Committee. | ||
Kathleen Olsen Board | Director | Private Investor since 2011 ; Adjunct Professor at Fordham Gabelli School of Business since 2021 ; Board of Trustees of Lockwood-Mathews Mansion Museum and Saint Catherine Center for Special Needs | Kathleen Olsen is an independent director at GRBK since October 2014. She brings over two decades of financial leadership experience, having previously served as CFO of Eminence Capital, LLC (1999–2011) and as an audit manager at Anchin, Block & Anchin LLP (1993–1999) while also being an adjunct professor since 2021. | |
Lila Manassa Murphy Board | Director | EVP and CFO at Dundee Corporation; Founder at Intrinsic Value Partners, LLC | Lila Manassa Murphy has served as a Director at GRBK since April 2022 and is currently the Chair of the Audit Committee and a member of the Compensation Committee. Previously, she held executive positions including EVP and CFO at Dundee Corporation since May 2021. | |
Richard S. Press Board | Director | Director at Millwall Holdings PLC and Millwall Football Club (documents ) | Richard S. Press has served as an independent director at GRBK since October 2014, providing broad expertise in finance, insurance, and risk management (documents ). |
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In light of the current uncertainty around tariffs mentioned during the Q&A, how much impact do you expect these to have on your overall cost structure, and what specific steps are you taking to mitigate potential margin pressure?
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With Trophy incentives aligning closely with overall company incentives yet differing by location, can you detail how incentive variations are affecting your profitability and whether any adjustments are planned to sustain margins?
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Given your dominant position in Texas and the observed softening in C locations where lots are harder to move, what strategies are in place to leverage declining land prices without compromising your high-quality asset standards?
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Can you explain your decision-making process for deploying capital between significant land acquisitions, such as the recent $40 million deal, and share buybacks, particularly in terms of balancing short-term liquidity with long-term growth?
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With record net new home orders accompanied by a lower average sales price for new orders, how do you plan to offset the revenue dilution, and what impact do you foresee on your gross margins moving forward?
Recent press releases and 8-K filings for GRBK.
- Record Q1 Performance: Reported 910 home closings, a record $495M in first quarter revenue with 11.8% YoY growth, net income of $75M, and diluted EPS of $1.67 (adjusted up 3.7% excluding a $0.21 impact)
- Operational Excellence & Leadership: Maintained a strong homebuilding gross margin of 31.2% (down 220 bps yet highest among public homebuilders) and achieved a record 1,106 net new home orders; also announced interim CFO Jeff Cox and Bobby Samuel’s promotion to EVP of Land
- Strategic Capital Allocation: Repurchased approximately 668K shares for $38.3M and bolstered liquidity with a net debt to total capital ratio of 9.8%, emphasizing high-quality land investments
- Record Q1 performance with home closings revenue of $495M and record net new home orders of 1,106, reflecting 11.8% year-over-year revenue growth.
- Reported diluted EPS of $1.67 and a homebuilding gross margin of 31.2%, indicating steady operational performance despite challenges.
- Executed a share buyback of approximately 668,000 shares for $38.3M and ended the quarter with $103M in cash, underscoring strong liquidity.
- Announced a dividend for Series A Preferred shareholders scheduled for June 2025, providing additional shareholder value.
- Richard A. Costello resigned as Chief Financial Officer and Principal Accounting Officer effective March 17, 2025 after serving since 2014.
- Jeffery Cox has been named Interim Chief Financial Officer, leveraging his extensive finance experience and prior role as Senior Vice President of Finance.
- Q4 2024 Highlights: Closed 1,019 homes with $557 million in revenue, achieving record diluted EPS of $2.31 and net income up 42% to $104 million
- Full-Year Achievements: Delivered 3,783 homes with a historic diluted EPS of $8.45 and record home closing revenue of $2.07 billion
- Operational Strength: Posted industry-leading full-year gross margins of 33.8% while Q4 diluted EPS increased 46.2% year-over-year
- Capital & Growth Initiatives: Board approved a $100 million share repurchase plan, maintained a low debt-to-total capital ratio of 17.2%, expanded land inventory nearly eightfold, and emphasized the Trophy brand in key markets (DFW, Atlanta, Houston)
- Record Q4 performance: Achieved home closings revenue of $557M, with diluted EPS of $2.31 and 1,019 homes delivered, reflecting substantial year-over-year gains.
- New home orders: Recorded 878 net new home orders, up 29.3% YoY, signaling strong market demand.
- Full-year highlights: Delivered record full-year diluted EPS of $8.45 and total revenues of $2.1B, with a homebuilding gross margin of 33.8%.
- Capital allocation move: The Board increased the share repurchase authorization to $100M as part of the company's strategic capital management.