Earnings ·
Smith Douglas Homes Corp. reported second quarter 2026 financial results for the period ended June 30, 2026
SDHCSmith Douglas Homes Corp.
Smith Douglas Homes Corp. reported second quarter 2026 financial results for the period ended June 30, 2026. Home closing revenue increased 22% to $273.0 million, and home closings rose 25% to 839 units compared to the prior year period. Net new home orders grew 32% to 970, while the backlog of homes increased 17% to 1,000. The company reported diluted earnings per share of $0.03, down from $0.26 in Q2 2025, primarily due to $7.6 million in real estate inventory impairment and lot option contract abandonment charges that reduced pretax income to $1.9 million. Home closing gross margin contracted to 17.6% from 23.2%. The company repurchased 312,351 shares for $4.4 million during the quarter. Smith Douglas Homes Corp. operates in the residential homebuilding industry, constructing and selling new homes primarily in the Southeastern and Southern United States.