Quarterly ResultApr 29, 2026, 07:07 AM
SDHC Q1 Revenue $206.4M, -8%; EPS $0.06, -80%; Orders +28%
AI Summary
Smith Douglas Homes Corp. reported a mixed first quarter for 2026, with home closing revenue decreasing 8% to $206.4 million and diluted EPS falling to $0.06 from $0.30 year-over-year. Despite the decline in closings and profitability, the company saw strong operational improvements, including a 28% increase in net new home orders to 981 and a 10% rise in backlog homes to 869. Management noted steady improvement in sales pace throughout the quarter, reflecting resilient demand for attainable housing.
Key Highlights
- Home closing revenue decreased 8% to $206.4 million.
- Home closings decreased 7% to 624 units.
- Home closing gross margin was 19.6% compared to 23.8% in Q1 2025.
- Net new home orders increased 28% to 981 units.
- Backlog homes increased 10% to 869 units.
- Pretax income fell to $4.3 million from $19.6 million YoY.
- Diluted EPS was $0.06, down from $0.30 in Q1 2025.
- Repurchased 449,604 shares of Class A common stock for $5.7 million.