XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Condensed Consolidated Statements of Income [Abstract]        
Home closing revenue $ 220,933 $ 181,522 $ 410,142 $ 349,666
Cost of home closings 161,875 128,824 301,624 248,435
Home closing gross profit 59,058 52,698 108,518 101,231
Selling, general and administrative costs 31,809 21,928 59,350 41,722
Equity in income from unconsolidated entities (220) (226) (404) (436)
Interest expense 591 301 1,289 546
Other expense (income), net 1,012 (46) 1,010 (168)
Income before income taxes 25,866 30,741 47,273 59,567
Provision for income taxes 1,132 0 2,053 0
Net income 24,734 $ 30,741 45,220 $ 59,567
Net income attributable to non-controlling interests and LLC members prior to IPO 21,088   38,602  
Net income attributable to Smith Douglas Homes Corp. $ 3,646   $ 6,618  
Earnings per share:        
Basic (in dollars per share) $ 0.41      
Diluted (in dollars per share) $ 0.4      
Weighted average shares of common stock outstanding:        
Basic (in shares) 8,846,154      
Diluted (in shares) 51,431,974