Smith Douglas Homes Corp. (NYSE: SDHC) (“Smith Douglas” or the “Company”) today announced first quarter results for the three months ended March 31, 2026.

Q1 2026 Results as compared to Q1 2025:

• Home closings decreased 7% to 624
• Home closing revenue decreased 8% to $206.4 million
• Home closing gross margin of 19.6% compared to 23.8%
• Net new home orders increased 28% to 981
• Backlog homes increased 10% to 869
• Pretax income of $4.3 million compared to $19.6 million
• Earnings of $0.06 per diluted share compared to $0.30
• Debt-to-book capitalization of 13.6% compared to 9.0% at December 31, 2025
• Active community count increased 24% to 108 at quarter end
• Total controlled lots increased 14% to 23,314
• Repurchased 449,604 shares of Class A common stock for $5.7 million

“Smith Douglas Homes delivered a solid start to 2026, with first quarter deliveries at the high end of our guidance range and home closing gross margin exceeding expectations,” said Greg Bennett, Chief Executive Officer and Vice Chairman of Smith Douglas Homes. “While demand conditions remained uneven early in the quarter, we saw steady improvement in our sales pace as the quarter progressed, reflecting the underlying resilience of demand for attainable housing in our markets.”

Mr. Bennett continued, “Our strategy remains centered on operational discipline and maintaining a steady cadence of home starts that supports quick inventory turns. With company-wide build times averaging approximately 57 business days, we believe our efficient production model continues to be a meaningful competitive advantage, allowing us to respond quickly to shifting market conditions while delivering value to our customers.”

Russ Devendorf, Executive Vice President and Chief Financial Officer, added, “During the quarter we generated 981 net new orders and experienced sequential improvement in sales pace each month, culminating in a pace of four homes per community in March. Financing incentives remain an important tool in helping buyers manage monthly affordability, and we were encouraged by the positive demand response to modest pricing adjustments.”

Mr. Devendorf continued, “Our long-term strategy remains focused on disciplined growth, maintaining a land-light balance sheet, and expanding our footprint across high-growth Southern markets. As we continue to scale operations in markets such as Dallas, Chattanooga and the Alabama Gulf Coast, we believe our combination of attainable pricing, customization and operational efficiency positions us well to drive market share gains over time.”

Conference Call & Webcast Information

Management will host a conference call to discuss the Company’s results at 8:30 a.m. Eastern Time on April 29, 2026. 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.

To pre-register for the call:

https://events.q4inc.com/analyst/807396100?pwd=T0pURcqS

To join with dial-in:

Local: (+1) 585-542-9983
Toll Free: (+1) 833-461-5787
Conference ID: 807396100

A replay of the call will be available on the Company’s website shortly after the call concludes.