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Mar 31, 2024
Smith Douglas Homes Corp Q1 2024 Earnings Report
First quarter results were announced, marking the first as a public company, with revenue increasing by 13% and earnings per diluted share reported at $0.33.
Key Takeaways
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.
Net new orders increased 15% to 765.
Home closings increased 13% to 566.
Revenue increased 13% to $189.2 million.
Backlog homes increased 19% to 1,110.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Company is focused on executing its growth strategy and is in a strong financial position.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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