Company: SDHC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001982518-25-000064
Chunk: 98

Company: Smith Douglas Homes Corp.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 98
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 income taxes$17,179 Three months ended June 30, 2024SoutheastCentralTotalHome closing revenue$124,392 $96,541 $220,933 Cost of home closings87,147 74,728 161,875 Home closing gross profit37,245 21,813 59,058 Less:(1)Selling, general, and administrative expenses(2)11,594 8,430 20,024 Other segment items(3)53 47 100 Segment profit25,598 13,336 38,934 Corporate selling, general, and administrative costs(4)11,785 Other corporate items(5)1,283 Income before income taxes$25,866 Six Months Ended June 30, 2025SoutheastCentralTotalHome closing revenue$279,485 $169,161 $448,646 Cost of home closings206,107 137,070 343,177 Home closing gross profit73,378 32,091 105,469 Less:(1)Selling, general, and administrative expenses(2)27,406 17,753 45,159 Other segment items(3)126 983 1,109 Segment profit45,846 13,355 59,201 Corporate selling, general, and administrative costs(4)22,542 Other corporate items(5)(87)Income before income taxes$36,746 

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Six Months Ended June 30, 2024SoutheastCentralTotalHome closing revenue$227,887 $182,255 $410,142 Cost of home closings159,654 141,970 301,624 Home closing gross profit68,233 40,285 108,518 Less:(1)Selling, general, and administrative expenses(2)21,519 16,563 38,082 Other segment items(3)111 103 214 Segment profit46,603 23,619 70,222 Corporate selling, general, and administrative costs(4)21,268 Other corporate items(5)1,681 Income before income taxes$47,273 (1)The significant segment expense categories and amounts align with the segment-level information that is regularly provided to the CODM.(2) Selling, general, and administrative expenses consists of internal and external commissions, marketing expense, sales expense