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Sep 30, 2024
Smith Douglas Homes Corp Q3 2024 Earnings Report
Reported record results driven by strong operational strategies and geographic expansion.
Key Takeaways
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.
Home closings increased by 39% to 812.
Home closing revenue increased by 41% to $277.8 million.
Active community count increased by 19% to 74 at quarter end.
Total controlled lots increased by 54% to 17,878.
Smith Douglas Homes Corp
Smith Douglas Homes Corp
Forward Guidance
The company did not provide specific forward guidance in the provided text. Therefore, this section will remain empty.