Company: SDHC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049591
Chunk: 132

Company: Smith Douglas Homes Corp.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 132
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 that could have a significant impact on our business including, but not limited to, rising inflation, future increases in interest rates, availability and cost of land, labor and construction, availability of mortgage and land bank financing, macroeconomic trends and other factors described elsewhere in this Quarterly Report on Form 10-Q.

Segments

Our operations are currently organized into ten geographical divisions which comprise two reportable segments. Our Southeast segment consists of our Atlanta, Central Georgia, Charlotte, Greenville, and Raleigh divisions. Our Central segment consists of our Alabama, Dallas-Fort Worth, Alabama Gulf Coast, Houston, and Nashville divisions. 

Key Factors Affecting Our Performance

We believe our future performance will depend on many factors, including those described in Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report, to which there have been no material changes.

Components of Results of Operations

There have been no material changes to the components of our results of operations described in Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report.

Other Factors Impacting Results of Operations

There have been no material changes to the other factors impacting our results of operations described in Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report.

Results of Operations Data

The results of operations data in the following tables for the periods presented have been derived from the unaudited condensed consolidated financial statements included elsewhere in this Quarterly Report on Form 10-Q.

34

Comparison of three and nine months ended September 30, 2025 and 2024

The following table sets forth our statements of income and other operating data for the periods presented (amounts in thousands):

 Three months endedSeptember 30,Nine months endedSeptember 30, 2025202420252024Consolidated Statements of Income Data:Home closing revenue$262,041$277,835$710,687$687,977Cost of home closings207,071204,140550,248505,764Home closing gross profit54,97073,695160,439182,213Selling, general, and administrative costs36,08834,137103,78993,487Equity in income from unconsolidated entities(640)(396)(1,457)(800)Interest expense8986142,3361,903Other expense (income), net1,388(245)1,789765Income before income taxes