Smith Douglas Homes(SDHC) - 2023 Q4 - Annual Results

Exhibit 99.1 Smith Douglas Homes Reports Full Year 2023 Results ATLANTA, March 19, 2024 (Business Wire) – Smith Douglas Homes Corp. (NYSE: SDHC) (“Smith Douglas” or the “Company”) today announced results for its year ended December 31, 2023. 2023 Full Year Results as compared to 2022: • Net new orders increased 22.8% to 2,368 • Backlog homes increased 18.3% to 912 • Sales value of backlog homes increased 20.1% to $310.7 million • Home closings increased 4.4% to 2,297 • Revenue increased 1.2% to $764.6 milli ...