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Dec 31, 2024
Smith Douglas Homes Corp Q4 2024 Earnings Report
Smith Douglas Homes reported strong Q4 2024 results with increased home closings and revenue.
Key Takeaways
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.
Home closings increased 28% to 836.
Revenue rose 32% to $287.49 million.
EPS was $0.46 for the quarter.
Net new home orders grew 9% to 569.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Smith Douglas Homes remains optimistic for 2025, citing solid market demand despite affordability challenges.
Positive Outlook
- Strong home closing momentum continuing into Q1 2025.
- Traffic levels at communities and online remain solid.
- Expansion into new markets progressing well.
- Home affordability positioning remains competitive.
- High lot count supports future growth.
Challenges Ahead
- Affordability concerns persist due to higher costs.
- Lower existing home supply limits options for buyers.
- Slight decrease in home closing gross margin.
- Increased SG&A costs impacting profitability.
- Uncertainty in macroeconomic conditions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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