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Jun 30, 2024
Smith Douglas Homes Corp Q2 2024 Earnings Report
Reported an increase in revenue and home closings, driven by strong market demand and operational excellence.
Key Takeaways
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.
Net new orders increased by 17% year-over-year to 715.
Home closings increased by 17% year-over-year to 653.
Revenue increased by 22% year-over-year to $220.9 million.
Active community count increased by 70% year-over-year to 75.
Smith Douglas Homes Corp
Smith Douglas Homes Corp
Forward Guidance
The press release contains forward-looking statements regarding the Company’s performance, growth, strategic opportunities, and financial position.