Smith Douglas Homes Reports First Quarter 2024 Results
Smith Douglas Homes Corp. (NYSE: SDHC) (“Smith Douglas” or the “Company”) today announced first quarter results for the three months ended March 31, 2024.
- Smith Douglas Homes Corp. (NYSE: SDHC) (“Smith Douglas” or the “Company”) today announced first quarter results for the three months ended March 31, 2024.
- Q1 2024 Results as compared to Q1 2023:
Greg Bennett, Vice Chairman and Chief Executive Officer, commented, “We are pleased by the results this quarter, our first as a public company, during which we completed our IPO in January and concurrently amended and increased the size of our credit facility. - We finished the quarter with almost $33 million of cash, $333 million of stockholders’ equity and zero borrowings under our $250 million unsecured credit facility resulting in a negative net debt position with a net debt-to-net book capitalization of (9.4)%.”
Management will host a conference call to discuss the Company’s results at 8:30 a.m. Eastern Time on May 14, 2024. - 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 company’s website.