United Homes Swings To Profit In Q4

(RTTNews) - United Homes Group, Inc. (UHG), a publicly traded residential builder, on Wednesday announced profit in the fourth quarter on higher revenues, compared to loss last year.

In the fourth quarter, net income was $66.67 million, while the company reported loss of $0.66 million last year.

Quarterly earnings per share were $0.01 versus loss of $1.38 per share in the previous year.

Net income from operations came lower at $2.43 million compared with $3.18 million the prior year.

Revenue rose to $134.81 million from $116.83 million the previous year.

Tuesday, United Homes had closed 5.31% lower at $3.57 on the Nasdaq.