Company: SDHC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001982518-25-000064
Chunk: 46

Company: Smith Douglas Homes Corp.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 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, indirect and warranty overhead, marketing department overhead, sales department overhead, general and administrative overhead, and depreciation and amortization expense.(3)Other segment items includes interest expense, interest income, gain (loss) on sale of assets, and miscellaneous income. For the Central reportable segment, other segment items includes the change in fair value of contingent consideration related to the Devon Street Homes acquisition.(4)Corporate