NYSE$SDHC

Smith Douglas Homes Corp · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported record results driven by strong operational strategies and geographic expansion.

Smith Douglas Homes Corp. announced record third-quarter results for 2024, with significant increases in home closings, home closing revenue, and active community count. The company's strategic growth into new geographic areas and commitment to operational efficiency contributed to pretax income of $39.6 million.

  • Home closings increased by 39% to 812.
  • Home closing revenue increased by 41% to $277.8 million.
  • Active community count increased by 19% to 74 at quarter end.
  • Total controlled lots increased by 54% to 17,878.

Headline financials

Total Revenue

$278M

Previous: $198M+40.6%
EPS

$0.58

Previous: $0.66-12.4%
Net new home orders

600

Previous: 568+5.6%
Home closings

812

Previous: 583+39.3%
Debt to book capitalization

0.9%

No prior period
Total controlled lots

17.9K

Previous: 11.6K+54.4%
Capital Expenditures

-$3.21M

No prior period
Free Cash Flow

$2.14M

No prior period
Net Income

$5.35M

Previous: $33.9M-84.2%
Operating Income

$39.6M

Previous: $34.1M+16.2%
Gross Profit

$73.7M

Previous: $57.1M+29.1%
Stock-Based Comp

$1.23M

No prior period

Revenue & EPS history

Smith Douglas Homes Corp · Revenue · Quarterly

$278M

Q3 2024+40.6%vs Q3 2023
Beat estimate in 8 of 9 quarters(89%)
ActualEstimate

Forward guidance

The company did not provide specific forward guidance in the provided text. Therefore, this section will remain empty.

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 Q3 2024

Historical avgQ3 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

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