UHG
United Homes Group, Inc.1.3400
+0.0500+3.88%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
78.81MP/E (TTM)
-Basic EPS (TTM)
-0.33Dividend Yield
0%Recent Filings
10-K
FY2025 results
United Homes Group posted FY2025 revenue of $406.7M, down 12% y/y from $463.7M, with closings dropping 17% to 1,192 homes yet average sales price rising 4% to $341K. Q4 saw backlog surge 22% to 192 units valued at $68.1M, signaling momentum despite 13% cancellation rate versus 11.4% prior year; Rosewood segment accelerated with 33% more closings while GSH South Carolina softened 19%. Gross margin edged up to 17.6% on cost cuts offsetting discounts, but $16.3M net loss reflected $20.4M tax valuation allowance. Debt stood at $145.6M with $56.4M Syndicated Line availability. Merger with Stanley Martin Homes at $1.18/share awaits Q2 2026 close. Merger failure risks operational disruptions.
8-K
Q4 revenue down, merger announced
United Homes Group reported Q4 2025 revenue of $123.4 million from 375 closings, down 8% year over year, yet gross margin rose to 17.5% on construction savings and $329,000 ASP. Full-year revenue fell 12% to $406.7 million with net loss of $16.3 million. Signed February 22 merger with Stanley Martin Homes for $1.18 per share cash; Q2 2026 close expected, but risks termination.
8-K
Stanley Martin acquires UHG for $1.18/share
United Homes Group signed a merger agreement on February 22, 2026, to be acquired by Stanley Martin Homes for $1.18 per share in cash, valuing the enterprise at $221 million. The deal, backed by a Special Committee and 70% stockholder consent, targets Q2 2026 close but faces customary conditions and a $4M termination fee risk. Shares delist post-merger.
8-K
2026 exec comp approved
United Homes Group approved its 2026 executive compensation framework on January 13, 2026, setting base salaries at $650,000 for CEO Jack Micenko, $608,000 for Executive Chairman Michael Nieri, and $400,000 for CFO Keith Feldman. Micenko and Feldman qualify for target cash bonuses of 100% of base salary, tied equally to pretax profit, revenue, and closings—with payouts from 50% at threshold to 125% at maximum. Nieri gets no bonus. Framework mirrors 2025 structure.
8-K
Board resignations, exec retention
United Homes Group directors Nikki Haley and James M. Pirrello resigned effective November 7, 2025, as previously announced, while three others agreed to stay past November 14 for a smooth transition. The company locked in CEO Jack Micenko, CFO Keith Feldman, and General Counsel Erin Reeves McGinnis with retention bonuses equal to their 2025 base salaries, repayable pro rata if they leave early without good reason before March 31, 2026. Board turnover demands steady leadership.
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