Q2 2026 Even Construtora e Incorporadora SA Earnings Call (English, Portuguese) Transcript
Key Points
- Adjusted gross margin improved significantly to 33.4%, up 7.5 percentage points year-over-year.
- Net income for Q2 2026 reached BRL31 million, with a 12-month ROE of 11.1%.
- Backlog and inventory margins remain strong at 38.8% and 32%, respectively.
- The company maintains a robust cash position of BRL787 million and low leverage at 30% of shareholders' equity.
- Land bank is strategically located in prime Sao Paulo neighborhoods, with recent acquisitions expected to enhance future margins.
- Net sales volume declined to BRL156 million in Q2, with a consolidated SOS of only 4%.
- Cancellations totaled BRL69 million in the quarter, impacting overall sales performance.
- Operating cash burn was BRL95 million, driven by land acquisition and dividend payments.
- Accounting gross margin fell due to lower net revenue and higher financial expenses.
- The market remains challenging, with a 90-day delay between first visit and contract signing, indicating slower buyer decisions.
Good morning, and thank you all for holding. Welcome to EVEN's earnings call concerning the results of the second quarter of 2026. (Operator Instructions)
We would like to inform you that this event is being recorded and will be made available on the company's investor relations website at ri.even.com.br, where the complete material concerning the service call will be available. It is also possible to download this presentation by way of the chat icon in both Portuguese and English.
During the company's presentation, all participants will have their microphones on mute. Following that, we will begin the questions and answers session. To ask questions, click on the Q&A or raise hand icons at the bottom of your screen and type in your question to join the queue. When you are called, a request to activate your microphone will show on the screen, and then you must activate it to ask your question.
We would like to advise you to ask all your questions at once. We would like to clarify that any statements that might be made during this teleconference regarding evening's business
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
