earnings
confidence high
sentiment neutral
materiality 0.70
Smith Douglas Homes Q4 closings up 28% to 836; FY revenue $975.5M
Smith Douglas Homes Corp.
- Q4 home closings 836 (record, +28% YoY); home closing revenue $287.5M (+32%); EPS $0.46.
- FY 2024 home closings 2,867 (+25%); revenue $975.5M (+28%); gross margin 26.2% vs 28.3%.
- Pre-tax income Q4 $30.0M (vs $29.7M); FY $116.9M (vs $123.2M).
- Total controlled lots 19,522 (+52% YoY); 96% under option agreement, consistent with land-light strategy.
- Debt-to-book capitalization decreased to 0.8% from 26.6%; active communities up 13% to 78.