Smith Douglas Homes

SDHC

Market cap $186M

Smith Douglas Homes Corp. ( SDHC ) Q3 2025 Earnings Call November 5, 2025 8:30 AM EST Company Participants Joe Thomas - SVP of Accounting & Finance Greg Bennett - President, CEO & Vice Chairman Russ Devendorf - Executive VP & CFO Conference Call Participants Richard Reid - Wells Fargo Securities, LLC, Research Division Andrew Azzi - JPMorgan Chase & Co, Research Division Stephen Mea - RBC Capital Markets, Research Division Rafe Jadrosich - BofA Securities, Research Division Paul Przybylski - Wolfe Research, LLC Presentation Operator Good morning, and welcome to the Smith Douglas Homes Third Quarter 2025 Earnings Call and Webcast. [Operator Instructions].

The headline numbers for Smith Douglas Homes Corp. (SDHC) give insight into how the company performed in the quarter ended September 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Smith Douglas Homes Corp. (SDHC) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of $0.26. This compares to earnings of $0.58 per share a year ago.

ATLANTA--(BUSINESS WIRE)--Smith Douglas Homes Corp. (NYSE: SDHC) (“Smith Douglas” or the “Company”) today announced third quarter results for the three and nine months ended September 30, 2025. Q3 2025 Results as compared to Q3 2024: Home closings decreased 3% to 788 Home closing revenue decreased 6% to $262.0 million Home closing gross margin of 21.0% compared to 26.5% Net new home orders increased 15.0% to 690 Pretax income of $17.2 million compared to $39.6 million Earnings of $0.24 per dilu.

Investors interested in stocks from the Building Products - Home Builders sector have probably already heard of D.R. Horton (DHI) and Smith Douglas Homes Corp. (SDHC).

ATLANTA--(BUSINESS WIRE)--Smith Douglas Homes Corp. (NYSE: SDHC) (“Smith Douglas” or the “Company”) will release its results for the third quarter of 2025 before the market opens on Wednesday, November 5, 2025. 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.

Investors interested in stocks from the Real Estate - Operations sector have probably already heard of TPG RE Finance Trust (TRTX) and Smith Douglas Homes Corp. (SDHC). But which of these two stocks is more attractive to value investors?

Smith Douglas Homes offers a unique, efficient, and scalable land-light homebuilding model with industry-leading cycle times and a focus on affordable housing. The company's prudent capital structure, low debt, and Up-C ownership align management incentives directly with profitability, minimizing shareholder dilution risks. Despite a premium valuation, SDHC's growth prospects, disciplined expansion, and management's insider buying signal long-term upside as the housing market recovers.

I reiterate my sell rating on Smith Douglas Homes due to intensifying margin compression, inconsistent demand, and growing reliance on unsustainable incentives. 2Q25 results show regional weakness, with Central segment declines offsetting Southeast growth, and gross margin dropping sharply year-over-year. Despite strategic positives like market expansion and lot control, near-term demand remains fragile and backlog erosion reduces revenue visibility for SDHC.

Smith Douglas Homes Corp. (NYSE:SDHC ) Q2 2025 Earnings Conference Call August 6, 2025 8:30 AM ET Company Participants Gregory S. Bennett - President, CEO & Vice Chairman Joe Thomas - Corporate Participant SVP of Accounting & Finance - Corporate Participant Russell Devendorf - Executive VP & CFO Conference Call Participants Alex Barrón - Housing Research Center, LLC Andrew Azzi - JPMorgan Chase & Co, Research Division Jay McCanless - Wedbush Securities Inc., Research Division Paul Allen Przybylski - Wolfe Research, LLC Rafe Jason Jadrosich - BofA Securities, Research Division Richard Samuel Reid - Wells Fargo Securities, LLC, Research Division Stephen Mea - RBC Capital Markets, Research Division Operator Hello, and welcome to Smith Douglas Homes Second Quarter 2025 Call and Webcast.