SDHC Filings — Smith Douglas Homes Corp. - FilingSpy
SDHC
Smith Douglas Homes Corp.
A production-focused homebuilder in the Southeastern and Southern U.S., Smith Douglas builds entry-level and empty-nest houses—pre-sold at a modest price point—across states like Georgia, North Carolina, Texas, and Alabama. It was founded in Atlanta in 2008 by veteran builder Tom Bradbury, who had earlier started Colony Homes, and uses a land-light model and its own SMART Builder software to keep construction fast. The company name honors Bradbury's family surname rather than any founder pair.
Smith Douglas Homes reports Q2 2026 revenue up 22% to $273.0 million, EPS $0.03
Home closing gross margin fell to 17.6% from 23.2% in Q2 2025.
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Home closings increased 25% to 839 in Q2 2026, with home closing revenue up 22% to $273.0 million.
Net new home orders rose 32% to 970, and backlog homes increased 17% to 1,000.
Pretax income was $1.9 million, including $7.6 million of real estate inventory impairment and lot option contract abandonment charges, versus $17.2 million in Q2 2025.
Diluted EPS was $0.03 compared to $0.26 in the prior-year quarter; debt-to-book capitalization was 13.2%.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Smith Douglas Homes holds 2026 annual meeting, elects eight directors and ratifies Ernst & Young as auditor.
On June 4, 2026, Smith Douglas Homes Corp. held its Annual Meeting of Stockholders, with 50,283,755 shares present, representing about 99.87% of voting power.
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All eight director nominees—Thomas L. Bradbury, Gregory S. Bennett, Julie M. Bradbury, Neill B. Faucett, Jeffrey T. Jackson, George E. Perdue III, Janice E. Walker, and Neil B. Wedewer—were elected to serve until the 2027 annual meeting.
Director votes ranged from 427,616,818 for Neil B. Wedewer to 430,921,731 for Neill B. Faucett, with broker non-votes of 1,258,091 for each nominee.
The ratification of Ernst & Young LLP as independent registered public accounting firm for fiscal year ending December 31, 2026, was approved with 432,193,281 votes for, 12,651 against, and 896 abstained.
The report was filed under Item 5.07 to disclose the voting results of the matters submitted to security holders at the annual meeting.
5.07 Submission of Matters to a Vote of Security Holders
Smith Douglas Homes holds 2025 annual meeting, elects eight directors and ratifies Ernst & Young as auditor.
A total of 51,093,510 shares of Common Stock were present, representing approximately 99.35% of voting power.
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On June 5, 2025, Smith Douglas Homes Corp. held its Annual Meeting of Stockholders.
All eight director nominees were elected: Thomas L. Bradbury, Gregory S. Bennett, Julie M. Bradbury, Neill B. Faucett, Jeffrey T. Jackson, George Ervin Perdue III, Janice E. Walker, and Neil B. Wedewer.
The ratification of Ernst & Young LLP as independent registered public accounting firm for fiscal year 2025 was approved with 432,782,070 votes for and 234,195 against.
The report was filed under Item 5.07 to disclose the voting results of matters submitted to security holders.
5.07 Submission of Matters to a Vote of Security Holders
Smith Douglas Homes authorizes $50.0 million stock repurchase program
Repurchases may be made through open market purchases, block trades, privately negotiated transactions, accelerated stock repurchase transactions, or other means.
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On May 28, 2025, Smith Douglas Homes Corp. announced its Board authorized a stock repurchase program for up to $50.0 million of its Class A common stock.
The program has no time limit and does not obligate the company to repurchase any specific amount; it may be modified, suspended, or discontinued at any time.
The company expects to fund repurchases from existing cash and cash equivalents and/or future cash flows.
The disclosure was furnished under Item 7.01 Regulation FD and is not deemed filed for SEC purposes.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits