Smith Douglas Q3 home closing revenue falls 6%, net orders rise 15%

Smith Douglas Homes

05/11/2025 12:17

Overview

Smith Douglas Q3 home closing revenue falls 6% yr/yr, with gross margin declining to 21%

Net new home orders rise 15% in Q3, showing growth in demand

Active community count up 32% to 98, reflecting expansion efforts

Outlook

Company did not provide specific financial guidance for future quarters

Result Drivers

EXPANSION EFFORTS - Co increased active community count by 32% to 98, reflecting expansion in key markets

ASSET-LIGHT MODEL - Co continues to focus on being asset-light with efficient construction cycle times, per CEO Greg Bennett

INCREASED DEMAND - Net new home orders rose 15% to 690, indicating growth in demand

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
$16.21 mln
Q3 Pretax Profit
$17.23 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

Wall Street's median 12-month price target for Smith Douglas Homes Corp is $17.00, about 2.4% below its November 4 closing price of $17.41

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nBw7NMRjGa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)