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Smith Douglas Homes Reports Fourth Quarter and Full Year 2024 Results

1. Q4 2024 saw a 28% increase in home closings for SDHC. 2. Home closing revenue surged 32%, indicating strong market demand.

Earnings
-8.03%Current Return
VS
-0.99%S&P 500
$21.1303/12 07:35 AM EDTEvent Start
$19.433103/13 01:56 PM EDTLatest Updated
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FAQ

Why Bullish?

The increase in home closings and revenues suggests solid performance and demand in the housing market, similar to trends seen in past strong earnings periods which often lead to a positive stock response.

How important is it?

Strong quarterly results can boost investor confidence and drive stock price, similar historical performance has shown immediate price reactions to positive earnings announcements.

Why Short Term?

The immediate financial metrics and demand indicators likely influence SDHC's stock in the upcoming quarters, as seen in previous earnings reports.

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LENPHMDHI
ATLANTA--(BUSINESS WIRE)--Smith Douglas Homes Corp. (NYSE: SDHC) (“Smith Douglas” or the “Company”) today announced results for the fourth quarter and year ended December 31, 2024. Q4 2024 Results as compared to Q4 2023: Home closings increased 28% to 836 Home closing revenue increased 32% to $287.5 million Home closing gross margin of 25.5% compared to 26.7% Net new home orders increased 9% to 569 Pre-tax income of $30.0 million compared to $29.7 million Earnings of $0.46 per diluted share Ful.

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