NYSE$SDHC

Smith Douglas Homes Corp · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

First quarter results were announced, marking the first as a public company, with revenue increasing by 13% and earnings per diluted share reported at $0.33.

Smith Douglas Homes Corp. reported a successful first quarter, achieving sales and closings expectations with a revenue increase of 13% to $189.2 million and earnings of $0.33 per diluted share. The company also expanded its footprint by contracting for lots in Central Georgia and Chattanooga, Tennessee.

  • Net new orders increased 15% to 765.
  • Home closings increased 13% to 566.
  • Revenue increased 13% to $189.2 million.
  • Backlog homes increased 19% to 1,110.

Headline financials

Total Revenue

$189M

Previous: $168M+12.5%
EPS (adj)

$0.33

Previous: $0.56-41.3%
Capital Expenditures

-$435K

No prior period
Free Cash Flow

$2.54M

No prior period
Net Income

$2.97M

Previous: $28.8M-89.7%
Operating Income

$21.9M

Previous: $28.7M-23.7%
Gross Profit

$49.5M

Previous: $48.5M+1.9%
Stock-Based Comp

$892K

No prior period

Revenue & EPS history

Smith Douglas Homes Corp · Revenue · Quarterly

$189M

Q1 2024+12.5%vs Q1 2023
Beat estimate in 8 of 9 quarters(89%)
ActualEstimate

Forward guidance

Company is focused on executing its growth strategy and is in a strong financial position.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 8 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-1.8%

Avg return

Earnings day

-3.0%

Avg return

5 days after

-2.2%

Avg return

30 days after

38%

3 / 8 earnings

Positive

+6.4%

Q1 2026

Best reaction

-13.0%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+6.4%-2.3%-10.2%
Q4 2025-9.3%-1.1%+11.1%
Q3 2025+1.9%-0.2%+18.7%
Q1 2025-3.5%-12.6%-14.7%
Q4 2024-2.0%-8.4%-11.3%
Q3 2024-13.0%-14.4%-7.5%
Q2 2024+5.8%+14.1%+11.7%
Q1 2024-0.6%+0.7%-15.5%
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q3 2022
Q2 2022
Q1 2022

Discussion

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