PLANO, TX – (November 5, 2020) – Green Brick Partners, Inc. (Nasdaq: GRBK) (“Green Brick”) is pleased to announce that it has been named to Fortune’s 2020 list of 100 Fastest Growing Companies in the world for the second consecutive year.
To qualify for the list, companies must meet a rigorous set of qualifying factors and are then ranked by revenue growth rate, EPS (earnings per share) growth rate, and three-year annualized total return for the period ended June 30, 2020. Overall rankings are then determined based on the sum of the three rankings.
The prestigious honor was awarded to Green Brick due in part to a 3-year annual revenue growth rate of 27%, placing the company 55th overall, up from 93rd place in 2019. The company also reported a 40% EPS 3-year annual growth rate.
“We are exceedingly pleased to be included in Fortune’s list for the second year in a row,” said Jim Brickman, Chief Executive Officer and co-founder of Green Brick Partners. “We are seeing unprecedented demand for our homes as many people adapt to a post-COVID lifestyle. Our neighborhoods offer homes with floorplans designed to meet these evolving needs including ample outdoor space and separate home offices, at reasonable price points in some of the best and most diversified growth markets in the country.”
With demand for new homes at the highest levels in more than a decade, Green Brick has successfully continued to expand its community count, growing 18% from the prior year.
“Green Brick still has a long pathway towards future growth,” said Jed Dolson, Chief Operating Officer and Executive Vice President of Green Brick Partners. “With our dramatic growth in lots owned and controlled and record starts of over 700 units in Q3 2020, we are confident that we have the necessary inventory levels to achieve significant growth in 2021 and beyond.”
The company recently announced its record third quarter 2020 results, which included quarterly basic earnings per share of $0.69, an increase of 122.6% over the prior year. For more information on Green Brick Partners, please visit www.greenbrickpartners.com.