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Smith Douglas Homes Corp (SDHC) Q3 2024 Earnings Call Transcript

Smith Douglas Homes Corp (NYSE:SDHC ) Q3 2024 Results Conference Call November 12, 2024 8:30 AM ET Company Participants Joe Thomas - SVP, Accounting & Finance Greg Bennett - Vice Chairman & Chief Executive Officer Russell Devendorf - Chief Financial Officer Conference Call Participants Mike Dahl - RBC Capital Markets Andrew Azzi - J.P. Morgan Sam Reid - Wells Fargo Jay McCanless - Wedbush Securities Rafe Jadrosich - Bank of America Alex Barron - Housing Research Center Operator Thank you for standing by.

11/15/2024

Smith Douglas Homes Schedules Third Quarter 2024 Earnings Release and Call

ATLANTA--(BUSINESS WIRE)--Smith Douglas Homes Corp. (NYSE: SDHC) (“Smith Douglas” or the “Company”) will release its results for the third quarter of 2024 before the market opens on Tuesday, November 12, 2024. The company will hold a conference call to discuss the results and conduct a question-and-answer session on the same day at 8:30 AM Eastern Time. Interested parties can dial in using the numbers below or access the call via a webcast link provided in the investor relations section of the.

10/09/2024

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The price of Smith Douglas Homes Corp. (SDHC) is 27.2689 and it was updated on 2024-12-26 13:00:39.

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Smith Douglas Homes Corp. (SDHC) Q2 2024 Earnings Call Transcript Smith Douglas Homes Corp. (NYSE:SDHC ) Q2 2024 Earnings Conference Call August 14, 2024 8:30 AM ET Company Participants Joe Thomas - SVP, Accounting & Finance Greg Bennett - Vice Chairman & CEO Russ Devendorf - EVP & CFO Conference Call Participants Andrew Azzi - J.P. Morgan Rafe Jadrosich - Bank of America Mike Dahl - RBC Capital Markets Sam Reid - Wells Fargo Jay McCanless - Wedbush Securities. Wed, Aug. 14, 2024
Smith Douglas Homes Reports Second Quarter 2024 Results ATLANTA--(BUSINESS WIRE)--Smith Douglas Homes Corp. (NYSE: SDHC) (“Smith Douglas” or the “Company”) today announced second quarter results for the three and six months ended June 30, 2024. Q2 2024 Results as compared to Q2 2023: Net new orders increased 17% to 715 Home closings increased 17% to 653 Revenue increased 22% to $220.9 million Pre-tax income of $25.9 million Earnings of $0.40 per diluted share Backlog homes increased 19% to 1,173 Sales value of backlog homes increased 23% to $404.7 m. Wed, Aug. 14, 2024
Smith Douglas Homes Corp. (SDHC) Q1 2024 Earnings Call Transcript Smith Douglas Homes Corp. (NYSE:SDHC ) Q1 2024 Earnings Conference Call May 14, 2024 8:30 AM ET Company Participants Eddy Kleid - VP, Finance Greg Bennett - Vice Chairman and CEO Russ Devendorf - EVP and CFO Conference Call Participants Sam Reid - Wells Fargo Rafe Jadrosich - Bank of America Alex Barron - Housing Research Center Jay McCanless - Wedbush Operator Good day, everyone. My name is Evelyn, and I will be your conference operator for today. Tue, May. 14, 2024
Smith Douglas Homes Reports First Quarter 2024 Results ATLANTA--(BUSINESS WIRE)--Smith Douglas Homes Corp. (NYSE: SDHC) (“Smith Douglas” or the “Company”) today announced first quarter results for the three months ended March 31, 2024. Q1 2024 Results as compared to Q1 2023: Net new orders increased 15% to 765 Home closings increased 13% to 566 Revenue increased 13% to $189.2 million Pre-tax income of $21.4 million Earnings of $0.33 per diluted share Backlog homes increased 19% to 1,110 Sales value of backlog homes increased 25% to $381.2 million D. Tue, May. 14, 2024
Smith Douglas Homes Recognized Among the Top Customer Service Leaders in the Residential Construction Industry WOODSTOCK, Ga.--(BUSINESS WIRE)--Smith Douglas Homes (NYSE: SDHC) of Woodstock, GA, recognizes three affiliates, Atlanta, GA, Charlotte, NC, and Nashville, TN, earning the 2024 Guildmaster Award from GuildQuality for demonstrating exceptional customer service within the residential construction industry. Since 2005, GuildQuality, an Atlanta-based third-party customer satisfaction surveying company, has powered the Guildmaster Award to recognize and celebrate home building, remodeling, and contr. Thu, May. 02, 2024

Transcripts

Transcipts Data
Smith Douglas Homes Corp. (SDHC) on Q3 2024 Results - Earnings Call Transcript SA Transcripts Fri, Nov. 15, 2024
Smith Douglas Homes Corp. (SDHC) on Q2 2024 Results - Earnings Call Transcript SA Transcripts Wed, Aug. 14, 2024
Smith Douglas Homes Corp. (SDHC) on Q1 2024 Results - Earnings Call Transcript SA Transcripts Tue, May. 14, 2024
Smith Douglas Homes Corp. (SDHC) on Q4 2023 Results - Earnings Call Transcript SA Transcripts Wed, Mar. 20, 2024

SEC Filings

SEC Filings
Smith Douglas Homes Corp. (SDHC) - 4 SEC Filings 11/21/2024
Smith Douglas Homes Corp. (SDHC) - SCHEDULE 13G SEC Filings 11/14/2024
Smith Douglas Homes Corp. (SDHC) - SC 13G/A SEC Filings 11/13/2024
Smith Douglas Homes Corp. (SDHC) - SC 13G SEC Filings 11/13/2024
Smith Douglas Homes Corp. (SDHC) - SC 13G/A SEC Filings 11/12/2024
Smith Douglas Homes Corp. (SDHC) - 10-Q - Quarterly Report SEC Filings 11/12/2024
Smith Douglas Homes Corp. (SDHC) - SC 13G/A SEC Filings 11/08/2024
Smith Douglas Homes Corp. (SDHC) - SC 13G/A SEC Filings 11/04/2024
Smith Douglas Homes Corp. (SDHC) - SCHEDULE 13G/A SEC Filings 10/07/2024
Smith Douglas Homes Corp. (SDHC) - SC 13G SEC Filings 10/07/2024
Smith Douglas Homes Corp. (SDHC) - SC 13G SEC Filings 10/02/2024
Smith Douglas Homes Corp. (SDHC) - SC 13G/A SEC Filings 09/09/2024
Smith Douglas Homes Corp. (SDHC) - 8-K - Current report SEC Filings 08/14/2024
Smith Douglas Homes Corp. (SDHC) - 10-Q - Quarterly Report SEC Filings 08/14/2024
Smith Douglas Homes Corp. (SDHC) - SC 13G SEC Filings 08/08/2024
Smith Douglas Homes Corp. (SDHC) - 10-Q - Quarterly Report SEC Filings 05/15/2024
Smith Douglas Homes Corp. (SDHC) - 8-K - Current report SEC Filings 05/14/2024
Smith Douglas Homes Corp. (SDHC) - 10-K - Current report SEC Filings 04/01/2024
Smith Douglas Homes Corp. (SDHC) - 8-K - Current report SEC Filings 03/25/2024
Smith Douglas Homes Corp. (SDHC) - 8-K - Current report SEC Filings 03/06/2024
Smith Douglas Homes Corp. (SDHC) - SC 13G SEC Filings 02/12/2024
Smith Douglas Homes Corp. (SDHC) - SCHEDULE 13G SEC Filings 02/06/2024
Smith Douglas Homes Corp. (SDHC) - 4 SEC Filings 01/18/2024
Smith Douglas Homes Corp. (SDHC) - 8-K - Current report SEC Filings 01/16/2024
Smith Douglas Homes Corp. (SDHC) - S-8 SEC Filings 01/12/2024
Smith Douglas Homes Corp. (SDHC) - 424B4 SEC Filings 01/12/2024
Smith Douglas Homes Corp. (SDHC) - EFFECT SEC Filings 01/11/2024
Smith Douglas Homes Corp. (SDHC) - CERT SEC Filings 01/11/2024
Smith Douglas Homes Corp. (SDHC) - 8-A12B SEC Filings 01/11/2024
Smith Douglas Homes Corp. (SDHC) - 3 SEC Filings 01/11/2024
Smith Douglas Homes Corp. (SDHC) - CORRESP SEC Filings 01/08/2024
Smith Douglas Homes Corp. (SDHC) - S-1/A SEC Filings 01/03/2024
Smith Douglas Homes Corp. (SDHC) - S-1/A SEC Filings 11/13/2023
Smith Douglas Homes Corp. (SDHC) - CORRESP SEC Filings 11/13/2023
Smith Douglas Homes Corp. (SDHC) - UPLOAD SEC Filings 10/20/2023
Smith Douglas Homes Corp. (SDHC) - S-1/A SEC Filings 10/16/2023
Smith Douglas Homes Corp. (SDHC) - CORRESP SEC Filings 10/16/2023
Smith Douglas Homes Corp. (SDHC) - UPLOAD SEC Filings 09/20/2023
Smith Douglas Homes Corp. (SDHC) - S-1 SEC Filings 09/06/2023
Smith Douglas Homes Corp. (SDHC) - CORRESP SEC Filings 09/06/2023
Smith Douglas Homes Corp. (SDHC) - UPLOAD SEC Filings 08/24/2023
Smith Douglas Homes Corp. (SDHC) - DRSLTR SEC Filings 07/28/2023
Smith Douglas Homes Corp. (SDHC) - DRS SEC Filings 07/28/2023

Press Releases

StockPrice Release
Smith douglas homes schedules third quarter 2024 earnings release and call 10/09/2024
Smith douglas homes reports second quarter 2024 results 08/14/2024
Smith douglas homes reports first quarter 2024 results 05/14/2024
Smith douglas homes recognized among the top customer service leaders in the residential construction industry 05/02/2024
Smith douglas homes schedules first quarter 2024 earnings call and webcast 05/01/2024
Smith douglas homes reports full year 2023 results 03/19/2024
Smith douglas homes schedules fourth quarter and full year 2023 earnings call and webcast 03/12/2024
Smith douglas homes to present at wolfe research housing conference, reports february year-to-date net orders, home closings and backlog homes 03/04/2024
Smith douglas announces pricing of initial public offering 01/10/2024

More Headlines

News
Smith Douglas Homes Schedules First Quarter 2024 Earnings Call and Webcast ATLANTA--(BUSINESS WIRE)--Smith Douglas Homes Corp. (NYSE: SDHC) (“Smith Douglas” or the “Company”) will release its results for the first quarter of 2024 before the market opens on Tuesday, May 14, 2024. The company will hold a conference call to discuss the results and conduct a question-and-answer session on the same day at 8:30 AM Eastern Time. Interested parties can dial in using the numbers below or access the call via a webcast link provided in the investor relations section of the compa. 05/01/2024
Smith Douglas Homes Corp. (SDHC) Q4 2023 Earnings Call Transcript Smith Douglas Homes Corp. (SDHC) Q4 2023 Earnings Call Transcript 03/20/2024
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. 03/19/2024
Smith Douglas Homes Schedules Fourth Quarter and Full Year 2023 Earnings Call and Webcast ATLANTA--(BUSINESS WIRE)--Smith Douglas Homes Corp. (NYSE: SDHC) (“Smith Douglas” or the “Company”) will release its results for the fourth quarter and full year 2023 after the market closes on Tuesday, March 19, 2024. The company will hold a conference call to discuss the results and conduct a question-and-answer session on Wednesday, March 20 at 8:30 AM Eastern Time. Interested parties can dial in using the numbers below or access the call via a webcast link provided in the investor relations. 03/12/2024
Smith Douglas Homes to Present at Wolfe Research Housing Conference, Reports February Year-to-Date Net Orders, Home Closings and Backlog Homes ATLANTA--(BUSINESS WIRE)--Smith Douglas Homes Corp. (NYSE: SDHC) today announced that it will participate in the Wolfe Research Housing Conference on March 5, 2024, in New York, NY. Russ Devendorf, Executive Vice President and Chief Financial Officer will host one-on-one meetings with institutional investors throughout the day. Smith Douglas Homes also announced its orders and closings results for the two months ended February 29, 2024. The company reported 484 net new orders, up 13.9% from the. 03/04/2024
BrightSpring Health Services readies initial public offering at proposed $2.8B valuation KKR & Co. Inc.-backed home health care service provider BrightSpring Health Service Inc. is expected to price its initial public offering for trading on Friday, in a further sign of a thaw in the IPO market. 01/18/2024
Smith Douglas Homes: IPO Gate Has Opened For This Homebuilder Smith Douglas Homes has had a successful public debut, with shares priced at the higher end of the offering range as it saw decent opening day returns. The company is one of the fastest growing private homebuilder in the US, offering personalized homes at affordable prices in desirable markets. Smith Douglas Homes operates with an asset-light business model, completing most homes in transactions with land under option, making it a capital-efficient operation. 01/15/2024
U.S. IPO Weekly Recap: Smith Douglas Completes The Year's First U.S. IPO And Gains 14% U.S. IPO Weekly Recap: Smith Douglas Completes The Year's First U.S. IPO And Gains 14% 01/13/2024
Smith Douglas Homes stock rises in debut as first initial public offering of 2024 Smith Douglas Homes Corp. SDHC, +12.38% rose 14% to $23.97 as the first initial public offering of 2024 started trading on the New York Stock Exchange on Thursday. The IPO from the home builder priced at the top of its $18-$21 range in a sign of strength. 01/11/2024
Housebuilder Smith Douglas prices IPO at high end of range Smith Douglas Homes Corp priced its initial public offering at the top end of the estimated range on Wednesday, in a bid to raise US$161.5 million. Some 7.7 million shares went for US$21, having been marked as low as US$18, with the float offering a glimmer of positivity after a slow year of market activity. 01/11/2024
Homebuilder Smith Douglas prices IPO at $21, at top of range Smith Douglas Homes Corp. priced its initial public offering at $21 a share late Wednesday, at the high point of its estimated range. 01/10/2024
Smith Douglas Announces Pricing of Initial Public Offering ATLANTA--(BUSINESS WIRE)--Smith Douglas Homes Corp. (“Smith Douglas”), one of the nation's fastest growing private homebuilders by number of closings, today announced the pricing of the initial public offering of 7,692,308 shares of its Class A common stock at a price to the public of $21.00 per share. Smith Douglas has granted the underwriters a 30-day option to purchase up to an additional 1,153,846 shares of its Class A common stock. Smith Douglas shares are expected to begin trading on the. 01/10/2024
U.S. IPO Weekly Recap: 2024 IPO Market Starts Off With $2B Additions To The Pipeline While the calendar was quiet this past week, six IPOs joined the pipeline, two of which we estimate could raise $1 billion or more. Three biotechs filed to raise $100 million. 01/06/2024
Smith Douglas Homes Seeks IPO, But Is Homebuilding In Recovery? Smith Douglas Homes Corp. plans to raise $150 million in an IPO of its Class A common stock. The company develops and sells residential homes in the Southeastern region of the United States. My Smith Douglas Homes IPO outlook is Neutral [Hold] due to valuation concerns and uncertainty of the recovery trajectory in the U.S. home-buying market. 01/04/2024
Smith Douglas Homes plans IPO, targets $150M in fundraising Smith Douglas Homes Corp has announced its intention to go public, filing a registration statement with the US Securities and Exchange Commission for an initial public offering (IPO). The company aims to offer 7.69 million shares at an estimated price range of $18 to $21 per share. 01/03/2024
Smith Douglas Homes to raise $150M in IPO based on midpoint of its price range Smith Douglas Homes Corp., a Woodstock, Ga., home builder, on Wednesday said it plans to offer 7.69 million shares at an estimated price range of $18 to $21 a share in its upcoming initial public offering. 01/03/2024
U.S. IPO Weekly Recap: IPO Market Sees A Little Activity In The Short Holiday Week Skincare company Elevai Labs priced at the low end to raise $6 million at a $69 million market cap. Colombier Acquisition Corp. II upsized to raise $150 million. Several issuers are primed for post-Thanksgiving launches. 11/25/2023
U.S. IPO Weekly Recap: Smaller Deals Slip Through The IPO Window Before The Thanksgiving Break Four smaller IPOs priced this past week, joined by one SPAC. The biggest news came from the pipeline, with product assessment services provider UL Solutions filing for an estimated $1 billion IPO, followed by a sizable filing from metabolic disease biotech Carmot Therapeutics. The IPO calendar looks quiet for the Thanksgiving week, although some small issuers may join last minute. 11/18/2023

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Smith Douglas Homes Schedules First Quarter 2024 Earnings Call and Webcast

Smith Douglas Homes Corp. (SDHC) Q4 2023 Earnings Call Transcript

Smith Douglas Homes Reports Full Year 2023 Results

Smith Douglas Homes Schedules Fourth Quarter and Full Year 2023 Earnings Call and Webcast

Smith Douglas Homes to Present at Wolfe Research Housing Conference, Reports February Year-to-Date Net Orders, Home Closings and Backlog Homes

BrightSpring Health Services readies initial public offering at proposed $2.8B valuation

Smith Douglas Homes: IPO Gate Has Opened For This Homebuilder

U.S. IPO Weekly Recap: Smith Douglas Completes The Year's First U.S. IPO And Gains 14%

Smith Douglas Homes stock rises in debut as first initial public offering of 2024

Housebuilder Smith Douglas prices IPO at high end of range

Homebuilder Smith Douglas prices IPO at $21, at top of range

Smith Douglas Announces Pricing of Initial Public Offering

U.S. IPO Weekly Recap: 2024 IPO Market Starts Off With $2B Additions To The Pipeline

Smith Douglas Homes Seeks IPO, But Is Homebuilding In Recovery?

Smith Douglas Homes plans IPO, targets $150M in fundraising

Smith Douglas Homes to raise $150M in IPO based on midpoint of its price range

U.S. IPO Weekly Recap: IPO Market Sees A Little Activity In The Short Holiday Week

U.S. IPO Weekly Recap: Smaller Deals Slip Through The IPO Window Before The Thanksgiving Break

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