secwatch.observer — SEC 8-K summary
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Issuer:     Smith Douglas Homes Corp. (SDHC)
CIK:        0001982518
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001982518-24-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1982518/000198251824000003/0001982518-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1982518/000198251824000003/sdhc-20241112.htm
  HTML page:      https://secwatch.observer/filing/0001982518-24-000003

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