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On June 12, 2025, United Homes Group, Inc., a Delaware-incorporated operative builder with a market capitalization of $200 million and annual revenue of $450 million, conducted its Annual Meeting of Shareholders. Two key proposals were decided upon by the company’s shareholders. According to InvestingPro analysis, the company maintains strong financial health with a "GOOD" overall rating.
Proposal 1 concerned the election of directors. The shareholders voted to elect Class II directors Robert Dozier and Alan Levine to the company’s board. Dozier received 81,002,528 votes for, 1,028,099 against, and 106 abstained or withheld, with 5,662,672 broker non-votes. Levine garnered 80,934,590 votes for, 1,096,038 against, and 105 abstained or withheld, with 5,662,672 broker non-votes. These directors will serve until the 2028 annual meeting of stockholders.
Proposal 2 was the ratification of Forvis Mazars, LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The appointment was ratified with 87,689,191 votes for, 2,364 against, and 1,850 abstained or withheld.
The company’s securities, including Class A Common Shares and Warrants, are registered on The Nasdaq Stock Market LLC under the symbols UHG and UHGWW, respectively. The stock has experienced significant volatility, declining over 50% in the past year, though InvestingPro analysis suggests the shares are currently undervalued. Discover more insights and detailed valuations in the comprehensive Pro Research Report, available with an InvestingPro subscription.
The 8-K filing, which serves as the source of this information, was submitted in accordance with the Securities Exchange Act of 1934. United Homes Group’s Chief Financial Officer, Keith Feldman, signed off on the report on June 13, 2025. The company is identified by the Central Index Key number 0001830188 and has its principal executive offices located at 917 Chapin Road, Chapin, South Carolina.
In other recent news, United Homes Group reported a 13.7% decline in revenue for Q1 2025, totaling $87 million, alongside a drop in home closings from 311 to 252 compared to the previous year. Despite these declines, the company achieved a net income of $18.2 million, with the average sales price of homes increasing by 2.9% to $345,000. Gross margin saw a slight improvement to 16.2%. United Homes Group also announced leadership changes, appointing John G. Micenko, Jr. as the new CEO and Jeremy Pyle as co-Chief Operating Officer. The company is exploring strategic alternatives, including potential asset sales or refinancing, to enhance shareholder value. A special committee has been formed to review these options, with Vestra Advisors and Paul, Weiss, Rifkind, Wharton & Garrison LLP engaged as financial and legal advisors, respectively. In terms of future outlook, United Homes Group plans to open new communities in Q2 and Q3, indicating a strategic push towards growth. Analysts have projected an EPS of $1.97 for FY 2025 and $2.03 for FY 2026, with revenue forecasts of $498.49 million and $515.94 million, respectively.
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