Financial Performance - Revenue rose 22% to $220.9 million in Q2 2024[1] - Net income for Q2 2024 was $24.734 million, down from $30.741 million in Q2 2023, a decrease of 19.5%[14] - Adjusted net income for the three months ended June 30, 2024, was $19,399 thousand, down from $23,056 thousand for the same period in 2023[20] - For the six months ended June 30, 2024, adjusted net income was $35,455 thousand, compared to $44,675 thousand for the same period in 2023, showing a decline in profitability[20] - Income before income taxes for the three months ended June 30, 2024, was $25,866 thousand, compared to $30,741 thousand for the same period in 2023, reflecting a decrease in pre-tax earnings[20] Orders and Closings - Net new orders increased 17% to 715 compared to Q2 2023[1] - Home closings increased 17% to 653 year-over-year[1] - Home closings increased to 653 in Q2 2024 from 560 in Q2 2023, representing a growth of 16.6%[8] - Net new home orders reached 715 in Q2 2024, compared to 612 in Q2 2023, reflecting a 16.9% increase[8] - The backlog of homes at the end of Q2 2024 was 1,173, up from 985 in Q2 2023, indicating an increase of 19.1%[11] Backlog and Lot Control - Backlog homes increased 19% to 1,173, with a sales value of backlog homes rising 23% to $404.7 million[1] - The contract value of backlog homes rose to $404.750 million in Q2 2024, compared to $330.258 million in Q2 2023, a growth of 22.5%[11] - Total controlled lots increased 81% to 15,842[1] - Total controlled lots increased to 15,842 as of June 30, 2024, from 8,770 in 2023, representing an 80.3% increase[13] Financial Position - Cash at the end of the quarter was over $17 million, with zero borrowings under the credit facility[1] - The company reported a net-debt-to-net book capitalization of (4.1)%[1] - The total assets increased to $429.3 million from $352.7 million as of December 31, 2023[6] - As of June 30, 2024, total debt is $3,859 thousand, significantly down from $75,627 thousand on December 31, 2023, indicating a reduction in debt levels[18] - Stockholders' equity increased to $344,559 thousand as of June 30, 2024, compared to $208,903 thousand on December 31, 2023, reflecting strong equity growth[18] - The net-debt-to-net book capitalization improved to (4.1)% as of June 30, 2024, from 21.1% on December 31, 2023, indicating a stronger financial position[18] - The total capitalization as of June 30, 2024, was $348,418 thousand, up from $284,530 thousand on December 31, 2023, indicating growth in overall capital structure[18] - The company’s net debt position improved to (13,439) thousand as of June 30, 2024, compared to a net debt of $55,850 thousand on December 31, 2023, highlighting a significant reduction in net debt[18] - The debt-to-book capitalization ratio decreased to 1.1% as of June 30, 2024, from 26.6% on December 31, 2023, indicating a healthier balance sheet[18] Pricing and Market Conditions - The average selling price (ASP) of homes closed rose to $338,000 in Q2 2024, up from $324,000 in Q2 2023, marking a 4.3% increase[8] - The contract value of net new home orders was $243.842 million in Q2 2024, up from $206.130 million in Q2 2023, a growth of 18.3%[8] - The cancellation rate increased to 11.8% in Q2 2024 from 8.7% in Q2 2023[8] Tax and Regulatory Changes - The provision for income taxes for the three months ended June 30, 2024, was $1,132 thousand, while there was no provision for the same period in 2023, indicating a change in tax strategy[20]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________ Commission File Number: 001-41917 Smith Douglas Homes Corp. (Exact Name of Registrant as Specified in its Charter) (S ...

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. At this time, I would like to welcome everyone to the Smith ...

Exhibit 99.1 Smith Douglas Homes Reports First Quarter 2024 Results ATLANTA, May 14, 2024 (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: Greg Bennett, Vice Chairman and Chief Executive Officer, commented, "We are pleased by the results this quarter, our first as a public company, during which we completed our IPO in January and concurrently ame ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10‑K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41917 Smith Douglas Homes Corp. (Exact name of Registrant as specified in its Charter) Delaware (State or other jurisdiction of inco ...

Exhibit 99.1 Smith Douglas Homes Reports Full Year 2023 Results ATLANTA, March 19, 2024 (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: The Company had 69 active communities on December 31, 2023, compared to 53 a year prior. The cancellation rate was 10.5% for 2023 versus 10.9% for 2022. Greg Bennett, Vice Chairman and Chief Executive Officer, commented, "We a ...

Smith Douglas Homes Corp. (NYSE:SDHC) Q4 2023 Results Conference Call March 20, 2024 8:30 AM ET Company Participants Eddy Kleid - VP, Finance Greg Bennett - VC, CEO Russ Devendorf - EVP, CFO Tom Bradbury - Founder, Executive Chairman Conference Call Participants Andrew Azzi - JPMorgan Mike Dahl - RBC Capital Markets Jay McCanless - Wedbush Sam Reid - Wells Fargo Operator Good morning. My name is Dennis, and I will be your conference operator today. At this time, I would like to welcome everyone to the Smith ...