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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.

White model homes cast long shadows across an oxblood platform / TokenPost.ai
White model homes cast long shadows across an oxblood platform / TokenPost.ai

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.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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