Loading...
•
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.
Smith Douglas Homes Corp
Smith Douglas Homes Corp
Smith Douglas Homes Corp Revenue by Segment
Smith Douglas Homes Corp Revenue by Geographic Location
Revenue by Segment
Southeast Revenue
CapyFin.comCentral Revenue
CapyFin.comRevenue by Geographic Location
Southeast Revenue
CapyFin.comCentral Revenue
CapyFin.com 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