{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-015075","form_type":"8-K","ticker":"SDHC","cik":"0001982518","company_name":"Smith Douglas Homes Corp.","filed_at":"2024-03-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.411056+00:00","generated_at":"2026-06-04T08:49:15.633421+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Smith Douglas Homes FY23 net income down 12.3% to $123.2M; orders up 22.8%","bullets":["Revenue up 1.2% to $764.6M; home closings up 4.4% to 2,297.","Net new orders rose 22.8% to 2,368; backlog homes +18.3% to 912 ($310.7M value).","IPO in Jan 2024 raised >$125M primary net proceeds; used to pay off all outstanding debt.","Upsized $250M unsecured credit facility closed concurrent with IPO.","69 active communities vs 53 a year ago; cancellation rate improved to 10.5%."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-015075","json":"https://secwatch.observer/filing/0001140361-24-015075.json","markdown":"https://secwatch.observer/filing/0001140361-24-015075.md","text":"https://secwatch.observer/filing/0001140361-24-015075.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1982518/000114036124015075/0001140361-24-015075-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1982518/000114036124015075/8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T08:49:15.633421+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3bf8989a2bb9eee4d83e24df98ed8b0f47945f44","claim":"Smith Douglas Homes Corp. reported year ended December 31, 2023 results: revenue $764.6 million, net income $123.2 million.","evidence_excerpt":"2,368 • Backlog homes increased 18.3% to 912 • Sales value of backlog homes increased 20.1% to $310.7 million • Home closings increased 4.4% to 2,297 • Revenue increased 1.2% to $764.6 million • Net income of $123.2 million, down 12.3% • Debt-to-book capitalization of 26.6% • Net-debt-to-net book capitalization of 21.1% 1 The Company had 69 active communities on","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1982518/000114036124015075/0001140361-24-015075-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"year ended December 31, 2023"},{"label":"Revenue","value":"$764.6 million"},{"label":"Net income","value":"$123.2 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}