Even Construtora e Incorporadora S.A. (EVEN3) Earnings Call Transcripts

Even Construtora e Incorporadora S.A.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Even Construtora e Incorporadora S.A. reported net sales of BRL 252 million, a 3% increase year-over-year, and a consolidated net income of BRL 33 million. The company highlighted a significant gross profit of BRL 85 million, achieving an adjusted gross margin of 35.6%, up 6.2% from the previous year. Management maintained a positive outlook, indicating a solid pipeline of high-end projects and a robust land bank valued at BRL 5.6 billion, despite challenges from rising costs and interest rates.

Reported metrics

Guidance from management

Management indicated a strong pipeline with plans for BRL 2 billion to BRL 2.5 billion in launches over the next 2-3 years, maintaining a focus on high-end projects.

What management said

Marcio here. Regarding land bank, the 3 points you mentioned, the availability is still -- is a little better now in terms of competition. I think the competition has decreased. The volume of land purchasing by the market itself has decreased. In some cases, we have been rejecting high prices. And when we come back, the prices are back to a lower level because of the reduction of appetite by the market. So we haven't...

Juliana, Dzik here. Thank you for your question. Let's start by the second one, the leverage. We have some information. What we have been saying and what we have been doing, we see an optimum level of leverage around 30%, more or less. So it depends on the quality of the debt on the extended maturity on this debt that is comfortable in relation to our cash position. But we are at 25% now. So we are going to burn some...

What analysts pressed on

Analysts expressed concerns regarding the impact of rising costs and interest rates on sales and margins. There were questions about the lengthening decision-making process among high-end clients, which could affect future sales momentum.

Main topics on the call

• Revenue Growth — Even reported net sales of BRL 252 million, a 3% increase compared to the same period last year, despite not launching new projects. Management noted, 'We delivered one project in the quarter amounting to a PSV of BRL 46...
• Gross Margin Improvement — The adjusted gross margin improved to 35.6%, reflecting a 6.2% year-over-year increase. Dzik stated, 'Our gross margin has been growing with some variations quarter-over-quarter... we see a path to grow.'
• Land Bank Expansion — Even acquired 4 lots in prime locations, increasing its land bank to BRL 5.6 billion. Moraes mentioned, 'We have been able to develop good lots, and we were able to purchase a good series of lots.'
• Cash Position and Debt — The company ended the quarter with BRL 924 million in cash and net debt of BRL 571 million, representing 25% of shareholders' equity. Dzik emphasized, 'We are at 25% now,' indicating financial stability.

Read the full Even Construtora e Incorporadora S.A. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 24 Even Construtora e Incorporadora S.A. earnings call transcripts on record, spanning March 31, 2020 to May 15, 2026. Based on this history, Even Construtora e Incorporadora S.A. reports quarterly. The most recent call on file is dated May 15, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

EVEN3

Exchange

BOVESPA

Country

BR

Sector

Consumer Discretionary

Industry

Household Durables

Calls on record

24

First call

March 31, 2020

Most recent

May 15, 2026

Reporting cadence

quarterly