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Smith Douglas Homes Posts $0.07 Q3 GAAP EPS With 16.3% Gross Margin
Home closings rose 5% to 831, and home-closing revenue increased 0.2% to $262.5 million. Net new home orders climbed 13% to 777.

Smith Douglas Homes Corp. posted third-quarter GAAP earnings per share of $0.07, while its home-closing gross margin was 16.3%, compared with 21.0%, as closings and orders increased.
The company closed 831 homes, up 5%. Home-closing revenue increased 0.2% to $262.5 million.
Net new home orders rose 13% to 777.