Smith douglas homes reports full year 2023 results

Atlanta--(business wire)--smith douglas homes corp. (nyse: sdhc) (“smith douglas” or the “company”) today announced results for its year ended december 31, 2023. 2023 full year results as compared to 2022: net new orders increased 22.8% to 2,368 backlog homes increased 18.3% to 912 sales value of backlog homes increased 20.1% to $310.7 million home closings increased 4.4% to 2,297 revenue increased 1.2% to $764.6 million net income of $123.2 million, down 12.3% debt-to-book capitalization of 26.
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