Smith Douglas Homes Reports Strong Q1 Results with Record Orders and Margins Under Pressure
Smith Douglas Homes (NYSE:SDHC) reported strong first-quarter results for 2026, including a record 981 net new orders (+28% YoY), 624 home closings, $4.3 million pre-tax income, and $0.06 EPS. Despite solid performance, margins are under pressure with adjusted gross margin at 20.3%, down to an expected range of 17%-17.5% in Q2 due to incentives and rising lot costs.
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