Earnings Call Summary | Smith Douglas Homes(SDHC.US) Q1 2024 Earnings Conference
Earnings Call Summary | Smith Douglas Homes(SDHC.US) Q1 2024 Earnings Conference
The following is a summary of the Smith Douglas Homes Corp. (SDHC) Q1 2024 Earnings Call Transcript:
以下是史密斯·道格拉斯家居公司（SDHC）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Smith Douglas Homes reported Q1 pre-tax income of $21.4 million and $0.33 per diluted share.
Home sales revenue was $189 million due to a 13% increase in deliveries.
Gross margin was 26.1% for the quarter, driven by the company's focus on affordable housing segments.
The average sales price of homes was $334,000 for the quarter.
Net income was $20.5 million, reflecting an effective tax rate of 4.3%.
史密斯道格拉斯家居公佈的第一季度稅前收入爲2140萬美元，攤薄後每股收益爲0.33美元。
由於交付量增長了13％，房屋銷售收入爲1.89億美元。
受公司對經濟適用房細分市場的關注，本季度毛利率爲26.1％。
本季度房屋的平均銷售價格爲33.4萬美元。
淨收入爲2,050萬美元，反映了4.3％的有效稅率。
Business Progress:
業務進展：
The rise in mortgage rates has led to an increase in new home buyers, specifically in the affordable housing segment.
Smith Douglas Homes operates on a land lot strategy with 95% of lots controlled via option agreements.
The company has seen consistent sales and traffic trends throughout Q1.
The company is planning to extend its efficient homebuilding style to other Southeast markets and has already expanded into Central Georgia, Houston County, and Chattanooga, Tennessee.
The company intends to operate in more communities to expand its footprint and reach a larger customer base.
Smith Douglas Homes expects the margin to be around 26% or more for Q2 despite anticipating margin compression due to land and lot costs in an effort to increase volume.
抵押貸款利率的上升導致新購房者的增加，特別是在經濟適用房領域。
Smith Douglas Homes採用地塊策略運營，95％的地塊通過期權協議控制。
在整個第一季度，該公司的銷售和流量趨勢一直保持穩定。
該公司計劃將其高效住宅建築風格擴展到其他東南市場，並已擴展到喬治亞州中部、休斯敦縣和田納西州查塔努加。
該公司打算在更多社區開展業務，以擴大其足跡並吸引更大的客戶群。
史密斯·道格拉斯·霍姆斯預計，第二季度的利潤率將在26％左右或以上，儘管爲了增加銷量，預計土地和地塊成本會壓縮利潤。
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譯文內容由第三人軟體翻譯。