Dream Finders Announces First Quarter 2024 Results
Dream Finders Homes, Inc. (DFH)
Company Research
Source: Business Wire
First Quarter Homebuilding Revenues of $825 millionNet New Orders Up 19%, Net Income to DFH Up 11%Return on Participating Equity of 34.9% JACKSONVILLE, Fla.--(BUSINESS WIRE)--Dream Finders Homes, Inc. (the “Company”, “Dream Finders Homes”, “Dream Finders” or “DFH”) (NYSE: DFH) announced its financial results for the first quarter ended March 31, 2024.First Quarter 2024 Highlights (As Compared to First Quarter 2023, unless otherwise noted)Homebuilding revenues increased 8% to $825 million from $767 millionHome closings increased 9% to 1,655 from 1,517Net new orders increased 19% to 1,724 from 1,448Average sales price of homes closed increased to $494,995 from $490,553Homebuilding gross margin increased 80 basis points to 17.8% from 17.0%Adjusted gross margin (non-GAAP) increased 200 basis points to 26.3% from 24.3%Pre-tax income increased 2% to $71 million from $69 millionNet income attributable to DFH increased 11% to $54 million, or $0.55 per basic share, from $49 million, or $0.4
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News
- 3 Stocks That Have Doubled My Money Already but Still Look Like Dirt Cheap Bargains [Yahoo! Finance]Yahoo! Finance
- Dream Finders Homes, Inc. (NASDAQ: DFH) was upgraded by analysts at Zelman & Associates from a "neutral" rating to an "outperform" rating. They now have a $34.50 price target on the stock.MarketBeat
- These 2 Incredible Stocks Just Went on Sale – Here's Why You Should Take a Closer Look [Yahoo! Finance]Yahoo! Finance
- Investors Heavily Search Dream Finders Homes, Inc. (DFH): Here is What You Need to Know [Yahoo! Finance]Yahoo! Finance
- This Homebuilder Is Modeled After a Company That Delivered a 75,000% Total Return -- and It Just Went on Sale [Yahoo! Finance]Yahoo! Finance
DFH
Earnings
- 5/2/24 - Miss
DFH
Sec Filings
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/22/24 - Form 4
- DFH's page on the SEC website