Smith Douglas Homes Reports Third 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 third quarter results for the three and nine months ended September 30, 2024.Q3 2024 Results as compared to Q3 2023:Home closings increased 39% to 812Home closing revenue increased 41% to $277.8 millionHome closing gross margin of 26.5%Net new home orders increased 6% to 600Pretax income of $39.6 millionEarnings of $0.58 per diluted shareDebt-to-book capitalization of 0.9%Active community count increased 19% to 74 at quarter endTotal controlled lots increased 54% to 17,878Greg Bennett, Vice Chairman and Chief Executive Officer, commented, “Our team's commitment to our core operational strategies - offering homebuyers a personalized buying experience, working closely with suppliers and trade partners for an efficient production cycle, and maintaining a land light balance sheet - continues to deliver strong results. We achieved record results in the third quarter, with
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- Smith Douglas Homes Schedules Third Quarter 2024 Earnings Release and CallBusiness Wire
SDHC
Earnings
- 11/12/24 - Beat
SDHC
Sec Filings
- 11/21/24 - Form 4
- 11/14/24 - Form SCHEDULE
- 11/13/24 - Form SC
- SDHC's page on the SEC website