Company: SDHC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049591
Chunk: 51

Company: Smith Douglas Homes Corp.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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$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 taxes17,23639,58553,98286,858Provision for income taxes1,0211,7612,6223,814Net income16,21537,82451,36083,044Net income attributable to non-controlling interests and LLC members prior to IPO14,08932,47744,18671,079Net income attributable to Smith Douglas Homes Corp.$2,126$5,347$7,174$11,965Earnings per share(1):    Basic$0.24$0.60$0.80$1.35Diluted$0.24$0.58$0.78$1.30Other operating data:    Home closings7888122,1282,031ASP of homes closed$333$342$334$339Net new home orders6906002,1942,080Contract value of net new home orders$231,818$205,164$737,957$708,446ASP of net new home orders$336$342$336$341Cancellation rate(2)11.2%11.4%9.7%11.3%Backlog homes (period end)(3)760961760961Contract value of backlog homes (period end)$258,732$332,035$258,732$332,035ASP of backlog homes (period end)$340$346$340$346Active communities (period end)(4)98749874Controlled lots (period end):Homes under construction1,0981,1351,0981,135Owned lots641611641611Optioned lots22,56116,13222,56116,132Total controlled lots24,30017,87824,30017,878

(1)Earnings per share for the nine months ended September 30, 2024 is calculated for the period from January 11, 2024, the date of