Company: SDHC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001982518-25-000064
Chunk: 104

Company: Smith Douglas Homes Corp.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 104
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67,70159,350Equity in income from unconsolidated entities(598)(220)(817)(404)Interest expense7725911,4381,289Other (income) expense, net(116)1,0124011,010Income before income taxes17,17925,86636,74647,273Provision for income taxes7441,1321,6012,053Net income16,43524,73435,14545,220Net income attributable to non-controlling interests and LLC members prior to IPO14,07021,08830,09738,602Net income attributable to Smith Douglas Homes Corp.$2,365$3,646$5,048$6,618Earnings per share(1):    Basic$0.26$0.41$0.56$0.75Diluted$0.26$0.40$0.55$0.74Other operating data:    Home closings6696531,3401,219ASP of homes closed$335$338$335$336Net new home orders7367151,5041,480Contract value of net new home orders$247,421$243,842$506,139$503,282ASP of net new home orders$336$341$337$340Cancellation rate(2)10.0%11.8%9.1%11.2%Backlog homes (period end)(3)8581,1738581,173Contract value of backlog homes (period end)$292,881$404,750$292,881$404,750ASP of backlog homes (period end)$341$345$341$345Active communities (period end)(4)92759275Controlled lots (period end):Homes under construction1,0911,0881,0911,088Owned lots834587834587Optioned lots22,89914,16722,89914,167Total controlled lots24,82415,84224,82415,842

(1)Earnings per share for the six months ended June 30, 2024 is calculated for the period from January 11, 2024, the date of the IPO, to June 30, 2024.

(2)The cancellation rate is the total number of cancellations during the period divided by the total gross new home orders during the period.

(3)Backlog homes (period end) is the number of homes in backlog from