earnings
confidence high
sentiment positive
materiality 0.70
Smith Douglas Homes Q2 revenue up 22% to $220.9M; EPS $0.40; orders +17%
Smith Douglas Homes Corp.
2024-Q2 EPS reported
$0.74
revenue$410,142,000
- Net new orders increased 17% to 715; home closings rose 17% to 653.
- Revenue $220.9M (+22%); pre-tax income $25.9M; diluted EPS $0.40.
- Backlog homes up 19% to 1,173; sales value $404.7M (+23%).
- Active communities up 70% to 75; total controlled lots +81% to 15,842.
- Gross margin 26.7%; debt-to-book capitalization 1.1%; $17M cash, no borrowings.