NYSE$SDHC

Smith Douglas Homes Corp · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported an increase in revenue and home closings, driven by strong market demand and operational excellence.

Smith Douglas Homes Corp. reported a strong second quarter with a 22% increase in revenue to $220.9 million and a 17% increase in home closings. The company's active community count grew significantly, and they maintained a disciplined land light strategy.

  • Net new orders increased by 17% year-over-year to 715.
  • Home closings increased by 17% year-over-year to 653.
  • Revenue increased by 22% year-over-year to $220.9 million.
  • Active community count increased by 70% year-over-year to 75.

Headline financials

Total Revenue

$221M

Previous: $182M+21.7%
EPS

$0.40

Previous: $0.60-33.2%
Home closings

653

Previous: 560+16.6%
Cancellation rate

11.8%

Previous: 8.7%+35.6%
Debt to book capitalization

1.1%

No prior period
Total controlled lots

15.8K

Previous: 8.8K+80.6%
Capital Expenditures

-$2.57M

No prior period
Free Cash Flow

$1.07M

No prior period
Net Income

$3.65M

Previous: $30.7M-88.1%
Operating Income

$27.2M

Previous: $30.6M-11.0%
Gross Profit

$59.1M

Previous: $52.7M+12.1%
Stock-Based Comp

$1.04M

No prior period

Revenue & EPS history

Smith Douglas Homes Corp · Revenue · Quarterly

$221M

Q2 2024+21.7%vs Q2 2023
Beat estimate in 8 of 9 quarters(89%)
ActualEstimate

Forward guidance

The press release contains forward-looking statements regarding the Company’s performance, growth, strategic opportunities, and 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 Q2 2024

Historical avgQ2 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

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro