Smith Douglas Homes Q3 2024: closings up 39% to 812, revenue up 41% to $277.8M, pretax income $39.6M

Smith Douglas Homes Corp.

2024-Q3 EPS reported $1.30 revenue$687,977,000

Home closing revenue rose 41% YoY to $277.8M; home closing gross margin 26.5%.
Net new home orders up 6% YoY to 600; active communities up 19% to 74.
Diluted EPS of $0.58; pretax income $39.6M; zero borrowings under credit facility.
Total controlled lots increased 54% YoY to 17,878; 96% under option agreements.
Expanded into Greenville, SC; ended Q3 with $24M cash and $372M equity.

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