Smith Douglas Homes Reports First Quarter 2024 Results
Smith Douglas Homes Corp. (SDHC)
Company Research
Source: Business Wire
ATLANTA--(BUSINESS WIRE)--Smith Douglas Homes Corp. (NYSE: SDHC) (“Smith Douglas” or the “Company”) today announced first quarter results for the three months ended March 31, 2024.Q1 2024 Results as compared to Q1 2023:Net new orders increased 15% to 765Home closings increased 13% to 566Revenue increased 13% to $189.2 millionPre-tax income of $21.4 millionEarnings of $0.33 per diluted shareBacklog homes increased 19% to 1,110Sales value of backlog homes increased 25% to $381.2 millionDebt-to-book capitalization of 1.3%Active community count increased 49% to 70 at quarter endTotal controlled lots increased 82% to 14,117Greg Bennett, Vice Chairman and Chief Executive Officer, commented, “We are pleased by the results this quarter, our first as a public company, during which we completed our IPO in January and concurrently amended and increased the size of our credit facility. We achieved our sales and closings expectations and continue to produce excellent gross margins, coming in a
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News
- Here's the Strong Value Proposition Smith Douglas Homes (SDHC) Offers [Yahoo! Finance]Yahoo! Finance
- Vestra Advisors Celebrates First Year in Business [Yahoo! Finance]Yahoo! Finance
- Smith Douglas Homes Corp. (NYSE: SDHC) had its "neutral" rating re-affirmed by analysts at Wedbush. They now have a $20.00 price target on the stock, down previously from $21.00.MarketBeat
- Smith Douglas Homes Recognized Among the Top Customer Service Leaders in the Residential Construction IndustryBusiness Wire
- Smith Douglas Homes Schedules First Quarter 2024 Earnings Call and WebcastBusiness Wire
SDHC
Earnings
- 5/14/24 - Beat
SDHC
Sec Filings
- 5/15/24 - Form 10-Q
- 5/14/24 - Form 8-K
- 4/1/24 - Form 10-K
- SDHC's page on the SEC website