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Smith Douglas Homes Corp. Class A (SDHC)
:SDHC
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Earnings Data
Report Date
Mar 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.45Last Year’s EPS
0.43Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 14, 2024
|% Change Since: -29.72%
|Next Earnings Date:Mar 19, 2024
Earnings Call Sentiment|Positive
Smith Douglas Homes reported a strong third quarter with record home deliveries and a solid financial performance. The company continues to expand into new markets and maintains a healthy balance sheet. However, market hesitancy due to interest rates and affordability challenges in Alabama present some headwinds. Despite these challenges, the company remains optimistic about future growth prospects.Company Guidance
During the Smith Douglas Homes Third Quarter 2024 earnings call, the company provided a robust set of metrics and guidance for the remainder of 2024 and into 2025. The third quarter's pretax income was reported at $39.6 million, equating to $0.58 per diluted share, with a record-breaking 812 new home deliveries leading to a 41% year-over-year increase in home closing revenue, totaling $277.8 million. Their home sales gross margin peaked at 26.5%, with SG&A expenses reduced to 12.3% of revenue. Looking ahead, the company anticipates fourth-quarter home closings to be between 750 and 800 homes, with an average sales price of $340,000 to $345,000 and a gross margin ranging from 25.2% to 25.7%. For the full year 2024, Smith Douglas Homes projects total closings of 2,780 to 2,830 homes and a gross margin of 26% to 26.5%. Additionally, they project 2025 closings to range from 3,000 to 3,250 homes, with an expected gross margin of around 25%. The company's balance sheet remains strong, with $24 million in cash and no borrowings under a $250 million revolving credit facility.Record Quarterly Home Deliveries
Smith Douglas Homes achieved a record quarter with 812 new home deliveries, contributing to a 41% year-over-year increase in home closing revenue to $277.8 million.
Strong Financial Performance
The company posted a gross margin of 26.5%, at the high end of guidance, and SG&A expenses decreased to 12.3% of revenue, showcasing effective cost management.
Expansion into New Markets
Smith Douglas Homes announced entry into the Greenville, South Carolina market with five land deals under contract and expected lot deliveries by early 2026.
Solid Balance Sheet
The company ended the quarter with $24 million in cash, no borrowings under a $250 million credit facility, and total stockholders' equity of $372 million.
Future Growth Prospects
Preliminary expectations for 2025 include home closings in the range of 3,000 to 3,250, supported by a strong footprint in existing and new markets.
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Smith Douglas Homes Corp. Class A (SDHC) Earnings, Revenues Date & History
SDHC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SDHC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $35.67 | $33.11 | -7.18% |
| Aug 14, 2024 | $32.56 | $35.02 | +7.56% |
| May 14, 2024 | $29.39 | $28.28 | -3.78% |
| Mar 19, 2024 | $30.48 | $30.80 | +1.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Smith Douglas Homes Corp. Class A (SDHC) report earnings?
Smith Douglas Homes Corp. Class A (SDHC) is schdueled to report earning on Mar 25, 2025, TBA Not Confirmed.
What is Smith Douglas Homes Corp. Class A (SDHC) earnings time?
Smith Douglas Homes Corp. Class A (SDHC) earnings time is at Mar 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SDHC EPS forecast?
SDHC EPS forecast for the fiscal quarter 2024 (Q4) is 0.45.
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