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Stock impact report

Dream Finders Announces First Quarter 2022 Results

Dream Finders Homes, Inc. (DFH) 
Company Research Source: GlobeNewswire
Homebuilding Revenues up 94%, Gross Margin Improvement of 380 Basis Points to 18.7%,Backlog of Sold Homes Increases to 7,413 Homes, Valued at $3.4 Billion JACKSONVILLE, Fla., May 10, 2022 (GLOBE NEWSWIRE) -- Dream Finders Homes, Inc. (the “Company”, “Dream Finders” or “DFH”) (NASDAQ: DFH), one of the nation’s fastest-growing companies, announced its financial results for the first quarter ended March 31, 2022. First Quarter 2022 Highlights (As Compared to First Quarter 2021) Backlog of sold homes increased 105.2% to 7,413 homes valued at $3.4 billion, both Company records, compared to 3,612 homes valued at $1.4 billionHomebuilding revenues increased 93.6% to $662.5 million from $342.2 millionGross margin as a percentage of homebuilding revenues increased 380 basis points to 18.7% from 14.9%Pre-tax income increased 182.1% to $63.2 million, compared to $22.4 millionNet income attributable to DFH was $43.7 million, or $0.42 per diluted share, compared to $16.1 million, or $0.18 per Show less Read more
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