Smith Douglas Homes Corp

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Smith Douglas Homes Corp excels in Q3 earnings, eyes market expansion

Smith Douglas Homes Corp delivered robust Q3 results, focusing on market expansion and managing costs amidst challenges. With a strategic approach to pricing and partnerships, the company aims to sustain growth and address market dynamics effectively.

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Smith Douglas Homes Corp. engages in the business of designing, construction, and sale of single-family homes. The firm offers homes with single-level living, modern villas, and townhomes, functional two and three-story homes, with extra space for conveniences like laundry, flex offices, and lofts upstairs. It operates through the following geographical segments: Alabama, Atlanta, Charlotte, Houston, Nashville, and Raleigh. The company was founded by Thomas L. Bradbury in 2008 and is headquartered in Woodstock, GA.

Smith Douglas Homes Corp (NYSE:SDHC ) Q3 2024 Results Conference Call November 12, 2024 8:30 AM ET Company Participants Joe Thomas - SVP, Accounting & Finance Greg Bennett - Vice Chairman & Chief Executive Officer Russell Devendorf - Chief Financial Officer Conference Call Participants Mike Dahl - RBC Capital Markets Andrew Azzi - J.P. Morgan Sam Reid - Wells Fargo Jay McCanless - Wedbush Securities Rafe Jadrosich - Bank of America Alex Barron - Housing Research Center Operator Thank you for standing by.

Smith Douglas Homes Corp (SDHC) Q3 2024 Earnings Call Transcript

ATLANTA--(BUSINESS WIRE)--Smith Douglas Homes Corp. (NYSE: SDHC) (“Smith Douglas” or the “Company”) today announced third quarter results for the three and nine months ended September 30, 2024. Q3 2024 Results as compared to Q3 2023: Home closings increased 39% to 812 Home closing revenue increased 41% to $277.8 million Home closing gross margin of 26.5% Net new home orders increased 6% to 600 Pretax income of $39.6 million Earnings of $0.58 per diluted share Debt-to-book capitalization of 0.9%.

Smith Douglas Homes Reports Third Quarter 2024 Results

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot, Inc. (NYSE: "LDI"), a leading provider of products and services that power the homeownership journey, and Smith Douglas Homes (NYSE: SDHC), the nation's 36th largest new home builderi with a strong presence in America's Southeast and Southern regions, today announced a new joint venture that will provide a smooth and streamlined financing option for new home buyers. Called Ridgeland Mortgage, the venture expands loanDepot's footprint in the purchas.

loanDepot and Smith Douglas Homes Announce New Joint Venture called Ridgeland Mortgage

ATLANTA--(BUSINESS WIRE)--Smith Douglas Homes Corp. (NYSE: SDHC) (“Smith Douglas” or the “Company”) will release its results for the third quarter of 2024 before the market opens on Tuesday, November 12, 2024. The company will hold a conference call to discuss the results and conduct a question-and-answer session on the same day at 8:30 AM Eastern Time. Interested parties can dial in using the numbers below or access the call via a webcast link provided in the investor relations section of the.

Smith Douglas Homes Schedules Third Quarter 2024 Earnings Release and Call

Smith Douglas Homes Corp. (NYSE:SDHC ) Q2 2024 Earnings Conference Call August 14, 2024 8:30 AM ET Company Participants Joe Thomas - SVP, Accounting & Finance Greg Bennett - Vice Chairman & CEO Russ Devendorf - EVP & CFO Conference Call Participants Andrew Azzi - J.P. Morgan Rafe Jadrosich - Bank of America Mike Dahl - RBC Capital Markets Sam Reid - Wells Fargo Jay McCanless - Wedbush Securities.

Smith Douglas Homes Corp. (SDHC) Q2 2024 Earnings Call Transcript

ATLANTA--(BUSINESS WIRE)--Smith Douglas Homes Corp. (NYSE: SDHC) (“Smith Douglas” or the “Company”) today announced second quarter results for the three and six months ended June 30, 2024. Q2 2024 Results as compared to Q2 2023: Net new orders increased 17% to 715 Home closings increased 17% to 653 Revenue increased 22% to $220.9 million Pre-tax income of $25.9 million Earnings of $0.40 per diluted share Backlog homes increased 19% to 1,173 Sales value of backlog homes increased 23% to $404.7 m.

Smith Douglas Homes Reports Second Quarter 2024 Results

WOODSTOCK, Ga.--(BUSINESS WIRE)--Smith Douglas Homes Corp. (NYSE: SDHC) (“Smith Douglas” or the “Company”) will release its results for the second quarter of 2024 before the market opens on Wednesday, August 14, 2024. The company will hold a conference call to discuss the results and conduct a question-and-answer session on the same day at 8:30 AM Eastern Time. Interested parties can dial in using the numbers below or access the call via a webcast link provided in the investor relations section.

Smith Douglas Homes Schedules Second Quarter 2024 Earnings Release and Call

ATLANTA--(BUSINESS WIRE)--Smith Douglas Homes Corp. (NYSE: SDHC) announced two significant leadership changes within the organization that will support the company's continued growth and success. First, Eddy Kleid will be taking on the role of Division President for the company's newly established Central Georgia Division. Eddy has been a valued member of the Smith Douglas team since 2017, serving as VP of Finance. During his tenure, Eddy has helped grow the finance team and played an integral.

Smith Douglas Homes Announces Leadership Changes

SDHC operates in homebuilding industry with focus on single-family homes in key states. SDHC deserves a buy rating due to favorable macro environment. SDHC has a differentiated operating model with short build times and high customization.

Smith Douglas Homes: Beneficiary Of The High Rates Environment

Smith Douglas Homes Corp. (NYSE:SDHC ) Q1 2024 Earnings Conference Call May 14, 2024 8:30 AM ET Company Participants Eddy Kleid - VP, Finance Greg Bennett - Vice Chairman and CEO Russ Devendorf - EVP and CFO Conference Call Participants Sam Reid - Wells Fargo Rafe Jadrosich - Bank of America Alex Barron - Housing Research Center Jay McCanless - Wedbush Operator Good day, everyone. My name is Evelyn, and I will be your conference operator for today.

Smith Douglas Homes Corp. (SDHC) Q1 2024 Earnings Call Transcript

ATLANTA--(BUSINESS WIRE)--Smith Douglas Homes Corp. (NYSE: SDHC) (“Smith Douglas” or the “Company”) today announced first quarter results for the 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 D.

Smith Douglas Homes Reports First Quarter 2024 Results

WOODSTOCK, Ga.--(BUSINESS WIRE)--Smith Douglas Homes (NYSE: SDHC) of Woodstock, GA, recognizes three affiliates, Atlanta, GA, Charlotte, NC, and Nashville, TN, earning the 2024 Guildmaster Award from GuildQuality for demonstrating exceptional customer service within the residential construction industry. Since 2005, GuildQuality, an Atlanta-based third-party customer satisfaction surveying company, has powered the Guildmaster Award to recognize and celebrate home building, remodeling, and contr.

Smith Douglas Homes Recognized Among the Top Customer Service Leaders in the Residential Construction Industry

ATLANTA--(BUSINESS WIRE)--Smith Douglas Homes Corp. (NYSE: SDHC) (“Smith Douglas” or the “Company”) will release its results for the first quarter of 2024 before the market opens on Tuesday, May 14, 2024. The company will hold a conference call to discuss the results and conduct a question-and-answer session on the same day at 8:30 AM Eastern Time. Interested parties can dial in using the numbers below or access the call via a webcast link provided in the investor relations section of the compa.

Smith Douglas Homes Schedules First Quarter 2024 Earnings Call and Webcast

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Smith Douglas Homes Corp. (SDHC) Q4 2023 Earnings Call Transcript

ATLANTA--(BUSINESS WIRE)--Smith Douglas Homes Corp. (NYSE: SDHC) (“Smith Douglas” or the “Company”) today announced results for its year ended December 31, 2023. 2023 Full Year Results as compared to 2022: Net new orders increased 22.8% to 2,368 Backlog homes increased 18.3% to 912 Sales value of backlog homes increased 20.1% to $310.7 million Home closings increased 4.4% to 2,297 Revenue increased 1.2% to $764.6 million Net income of $123.2 million, down 12.3% Debt-to-book capitalization of 26.

Smith Douglas Homes Reports Full Year 2023 Results

ATLANTA--(BUSINESS WIRE)--Smith Douglas Homes Corp. (NYSE: SDHC) (“Smith Douglas” or the “Company”) will release its results for the fourth quarter and full year 2023 after the market closes on Tuesday, March 19, 2024. The company will hold a conference call to discuss the results and conduct a question-and-answer session on Wednesday, March 20 at 8:30 AM Eastern Time. Interested parties can dial in using the numbers below or access the call via a webcast link provided in the investor relations.

Smith Douglas Homes Schedules Fourth Quarter and Full Year 2023 Earnings Call and Webcast

ATLANTA--(BUSINESS WIRE)--Smith Douglas Homes Corp. (NYSE: SDHC) today announced that it will participate in the Wolfe Research Housing Conference on March 5, 2024, in New York, NY. Russ Devendorf, Executive Vice President and Chief Financial Officer will host one-on-one meetings with institutional investors throughout the day. Smith Douglas Homes also announced its orders and closings results for the two months ended February 29, 2024. The company reported 484 net new orders, up 13.9% from the.

Smith Douglas Homes to Present at Wolfe Research Housing Conference, Reports February Year-to-Date Net Orders, Home Closings and Backlog Homes

Smith Douglas Homes has had a successful public debut, with shares priced at the higher end of the offering range as it saw decent opening day returns. The company is one of the fastest growing private homebuilder in the US, offering personalized homes at affordable prices in desirable markets. Smith Douglas Homes operates with an asset-light business model, completing most homes in transactions with land under option, making it a capital-efficient operation.

Smith Douglas Homes: IPO Gate Has Opened For This Homebuilder

SDHC went public this past week, completing the year's first US IPO. There were a few new filings this past week, led by Peruvian healthcare company Auna, which filed to raise an estimated $200 million.

U.S. IPO Weekly Recap: Smith Douglas Completes The Year's First U.S. IPO And Gains 14%

Smith Douglas Homes Corp. SDHC, +12.38% rose 14% to $23.97 as the first initial public offering of 2024 started trading on the New York Stock Exchange on Thursday. The IPO from the home builder priced at the top of its $18-$21 range in a sign of strength.

Smith Douglas Homes stock rises in debut as first initial public offering of 2024

Smith Douglas Homes Corp priced its initial public offering at the top end of the estimated range on Wednesday, in a bid to raise US$161.5 million. Some 7.7 million shares went for US$21, having been marked as low as US$18, with the float offering a glimmer of positivity after a slow year of market activity.

Housebuilder Smith Douglas prices IPO at high end of range

Smith Douglas Homes Corp. priced its initial public offering at $21 a share late Wednesday, at the high point of its estimated range.

Homebuilder Smith Douglas prices IPO at $21, at top of range

ATLANTA--(BUSINESS WIRE)--Smith Douglas Homes Corp. (“Smith Douglas”), one of the nation's fastest growing private homebuilders by number of closings, today announced the pricing of the initial public offering of 7,692,308 shares of its Class A common stock at a price to the public of $21.00 per share. Smith Douglas has granted the underwriters a 30-day option to purchase up to an additional 1,153,846 shares of its Class A common stock. Smith Douglas shares are expected to begin trading on the.

Smith Douglas Announces Pricing of Initial Public Offering

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While the calendar was quiet this past week, six IPOs joined the pipeline, two of which we estimate could raise $1 billion or more. Three biotechs filed to raise $100 million.

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