Welcome to our dedicated page for SMITH DOUGLAS HOMES news (Ticker: sdhc), a resource for investors and traders seeking the latest updates and insights on SMITH DOUGLAS HOMES stock.
Smith Douglas Homes Corp (SDHC) is a leading builder of single-family homes across high-growth Southeastern U.S. markets, serving homebuyers through innovative design and strategic regional operations. This news hub provides investors and industry professionals with centralized access to official company announcements and market developments.
Track SDHC press releases, earnings reports, and strategic updates to stay informed on operational expansions, leadership changes, and partnership initiatives. Our curated collection ensures timely access to critical information affecting the residential construction sector and regional real estate dynamics.
Key updates include quarterly financial results, new community developments, and regulatory compliance matters relevant to markets like Atlanta, Charlotte, and Nashville. Bookmark this page for streamlined monitoring of SDHC's progress in addressing housing demand through quality construction practices.
Smith Douglas Homes Corp. (NYSE: SDHC) reported strong Q2 2024 results, with significant year-over-year growth. Net new orders increased 17% to 715, while home closings rose 17% to 653. Revenue climbed 22% to $220.9 million, with a pre-tax income of $25.9 million and earnings of $0.40 per diluted share. The company's backlog homes increased 19% to 1,173, with a 23% rise in sales value to $404.7 million. Smith Douglas maintained a strong financial position with a debt-to-book capitalization of 1.1% and zero borrowings under its credit facility. The company's active community count grew 70% to 75, while total controlled lots increased 81% to 15,842, demonstrating significant expansion.
Smith Douglas Homes Corp. (NYSE: SDHC) has announced its schedule for the second quarter 2024 earnings release and conference call. The company will release its Q2 2024 results before the market opens on Wednesday, August 14, 2024. A conference call to discuss the results and conduct a Q&A session will be held on the same day at 8:30 AM Eastern Time.
Interested parties can participate in the call via phone or webcast. The toll-free dial-in number for North America is (+1) 800-715-9871, while the international number is (+1) 646-307-1963. The Conference ID is 9762287. A replay will be available for 7 days following the event, accessible via the toll-free North America number (+1) 800-770-2030 with the playback passcode 9762287.
Smith Douglas Homes (NYSE: SDHC) has announced key leadership changes. Eddy Kleid, formerly VP of Finance, will become Division President of the new Central Georgia Division. Eddy has been with the company since 2017 and has played a significant role in their recent IPO. Joe Thomas joins as the new SVP of Accounting & Finance, bringing extensive experience from Bank of America Securities. Joe also contributed to the Smith Douglas IPO and holds degrees from Bucknell and Cornell. CEO Greg Bennett believes these changes will fuel the company’s growth and success.
Smith Douglas Homes (NYSE: SDHC) announced strong Q1 2024 results. Net new orders grew 15% to 765, and home closings rose 13% to 566. Revenue increased 13% to $189.2 million, with pre-tax income reaching $21.4 million. Earnings per diluted share were $0.33. The backlog of homes increased by 19% to 1,110, and the sales value of backlog homes grew 25% to $381.2 million. The company's debt-to-book capitalization stands at 1.3%, with an active community count rising 49% to 70 and total controlled lots up 82% to 14,117.
CEO Greg Bennett highlighted the successful IPO in January and the expansion into Central Georgia and Chattanooga. CFO Russ Devendorf emphasized a strong financial position with nearly $33 million in cash and $333 million in stockholders’ equity, noting zero borrowings under a $250 million unsecured credit facility.
Smith Douglas Homes (NYSE: SDHC) affiliates in Atlanta, GA, Charlotte, NC, and Nashville, TN have been honored with GuildQuality's 2024 Guildmaster Award for exceptional customer service in the residential construction industry. Out of 2,000 applicants, Smith Douglas Homes is among the 400+ businesses recognized for superior customer care. The recognition is based on high recommendation rates from customers surveyed by GuildQuality.
Smith Douglas Homes Corp. (NYSE: SDHC) will release its first-quarter 2024 results on May 14, 2024, followed by a conference call and webcast at 8:30 AM Eastern Time. Interested parties can participate through dial-in numbers or the webcast link on the company's investor relations website.
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