Smith Douglas Homes Corp Earnings Reports

Smith Douglas Homes delivered a solid Q4 2024, with home closings increasing by 28% to 836 and revenue rising 32% to $287.49 million. The company's pre-tax income stood at $30 million, while EPS reached $0.46. Net new home orders grew by 9% to 569. Home closing gross margin was slightly lower at 25.5% compared to 26.7% in the prior year.

Smith Douglas Homes Corp. announced record third-quarter results for 2024, with significant increases in home closings, home closing revenue, and active community count. The company's strategic growth into new geographic areas and commitment to operational efficiency contributed to pretax income of $39.6 million.

Smith Douglas Homes Corp. reported a strong second quarter with a 22% increase in revenue to $220.9 million and a 17% increase in home closings. The company's active community count grew significantly, and they maintained a disciplined land light strategy.

Smith Douglas Homes Corp. reported a successful first quarter, achieving sales and closings expectations with a revenue increase of 13% to $189.2 million and earnings of $0.33 per diluted share. The company also expanded its footprint by contracting for lots in Central Georgia and Chattanooga, Tennessee.