Record Pre-Tax Income and Home Deliveries
Smith Douglas Homes reported pre-tax income of $30 million for Q4 2024, contributing to a total of $117 million for the year. The company delivered 836 homes in Q4, setting a quarterly record, with 2,867 homes delivered for the full year.
Strong Revenue Growth
Q4 2024 revenue was $287 million, a 32% increase over the previous year. Full-year 2024 revenue was $975 million, marking a 28% increase from 2023.
Operational Efficiency and Land Strategy Success
The company achieved a 55-day cycle time and maintained a 'land-light' strategy with 96% of controlled lots via auction agreements, contributing to a 29% adjusted return on equity.
Expansion in Community Count
Smith Douglas Homes increased its active selling communities from 69 at the end of 2023 to 78 by the end of 2024.