UHG Stock Gains Despite Q3 Earnings Decline Y/Y, Gross Margins Down
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United Homes Group (UHG) reported a decline in Q3 2024 earnings year-over-year, with gross margins also down. However, the company's overall revenues were supported by an increase in the average selling price (ASP) of production-built homes.
November 11, 2024 | 4:45 pm
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United Homes Group (UHG) experienced a year-over-year decline in Q3 earnings and gross margins, but revenues increased due to a higher average selling price of production-built homes.
Despite the decline in earnings and gross margins, the increase in ASP of production-built homes has helped boost overall revenues. This mixed performance may lead to a neutral short-term impact on UHG's stock price as investors weigh the positive revenue growth against the negative earnings and margin trends.
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