Smith Douglas Homes Q1 revenue +13% to $189.2M, EPS $0.33; orders +15%

Smith Douglas Homes Corp.

2024-Q1 EPS reported $0.33 revenue$189,209,000

Net new orders 765 (+15% YoY); home closings 566 (+13% YoY).
Revenue $189.2M (+13% YoY); pre-tax income $21.4M; diluted EPS $0.33.
Backlog homes 1,110 (+19% YoY); sales value $381.2M (+25% YoY).
Active communities up 49% to 70; total controlled lots up 82% to 14,117.
Ended with $33M cash, zero borrowings on $250M facility; net debt-to-net book cap (9.4)%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Smith Douglas Homes Corp. reported the three months ended March 31, 2024 results: revenue $189.2 million, EPS $0.33 per diluted share.

Period: the three months ended March 31, 2024
Revenue: $189.2 million
EPS: $0.33 per diluted share
Result: reported results

Exact text from the filing

three months ended March 31, 2024. Q1 2024 Results as compared to Q1 2023: • Net new orders increased 15% to 765 • Home closings increased 13% to 566 • Revenue increased 13% to $189.2 million • Pre-tax income of $21.4 million • Earnings of $0.33 per diluted share • Backlog homes increased 19% to 1,110 • Sales value of backlog homes increased 25% to $381.2 million •

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Source: SEC EDGAR

accession 0001140361-24-025836

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