---
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"
generated_at: "2026-06-04T08:49:15.633421+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Smith Douglas Homes FY23 net income down 12.3% to $123.2M; orders up 22.8%

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-015075
- JSON: https://secwatch.observer/filing/0001140361-24-015075.json
- Plain text: https://secwatch.observer/filing/0001140361-24-015075.txt

## Key facts
- Earnings Releases
  Smith Douglas Homes Corp. reported year ended December 31, 2023 results: revenue $764.6 million, net income $123.2 million.
  - Period: year ended December 31, 2023
  - Revenue: $764.6 million
  - Net income: $123.2 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1982518/000114036124015075/0001140361-24-015075-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.