Green Brick Partners 2021 Investor Day
... Greenlight Capital and Chairman of the Board of Green Brick Partners Jim Brickman โ CEO and Co-Founder Jim Brickman Jedย ...
Co-Founder, Chief Executive Officer & Director, Green Brick Partners
Search every verified James Brickman interview, podcast appearance, and on-the-record quote โ each transcript cross-checked by AI and human review to confirm speaker identity. At Green Brick Partners' 2021 Investor Day, CEO and co-founder Jim Brickman discussed the company's financial performance and strategy. He stated that revenue had more than tripled and pre-tax earnings increased about six times over the prior five years, with compounded annual growth rates of 28 percent for revenue and 44 percent for pre-tax income since 2015. Brickman said the company expects to continue growing and leveraging SG&A so that earnings grow faster than revenues, and that its growth rate is accelerating. He noted that the company has been planning for succession and building bench strength to maintain a strong growth rate over the next five to ten years. Brickman described his personal experience with excessive debt during a prior downturn, saying he "avoided going broke or putting a single property or entity into bankruptcy" but lost much of his net worth, which he said explains why Green Brick Partners is one of the lower leveraged public builders. He stated the company expects to operate with no more than 35 percent debt to total capital. Brickman also mentioned that the company admires D.R. Horton as a competitor but now competes directly with them through its Trophy Signature Homes brand, and that Green Brick has a collaborative relationship with Meritage Homes on large transactions. He said the company has been selective in land acquisitions, saying "we've said no to a lot of deals this year" and will continue to do so until further through its lot supply.
“Unlike nearly every other Texas developer, I avoided going broke or putting a single property or entity into bankruptcy. I lost a lot of my net worth and learned the hard way the dangers of leverage. This experience with excessive debt explains why 30 years later Green Brick Partners is one of the lower leveraged publi...”
“Going forward we expect to continue to operate the business with no more than 35 percent debt to total capital and probably less.”
“Our revenue has more than tripled and pre-tax earnings are up about six times in just over five years. This growth translates into a 28 percent compounded growth in revenue and a 44 percent compounded growth in pre-tax earnings since 2015.”
“We expect to continue to grow and leverage SG&A so that earnings grow faster than revenues. Our growth rate is actually accelerating.”
... Greenlight Capital and Chairman of the Board of Green Brick Partners Jim Brickman โ CEO and Co-Founder Jim Brickman Jedย ...
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