Dream Finders Q2 revenue up 19% to $943M; raises FY closings guidance to ~6,500

Dream Finders Homes, Inc.

2023-Q2 EPS reported $1.09 revenue$1,714,759,000

Homebuilding revenue $943M (+19% YoY); closings 1,846 (+12%); ASP $504,683 (+9%).
Net income $69M ($0.70/basic share, +10%); pre-tax income $96M (+7%).
Adjusted gross margin 27.1% (+140 bps); homebuilding gross margin 19.1% (-60 bps).
Raised FY 2023 closings guidance to ~6,500; authorized $25M share buyback program.
Total liquidity $511M; net debt to capitalization 38.8% (company low); credit facility expanded.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.8

Dream Finders Homes, Inc. updated its the second quarter ended June 30, 2023 guidance (raised).

Period: the second quarter ended June 30, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On August 3, 2023, Dream Finders Homes, Inc. (the “Company”) issued a press release announcing its financial results for the three months ended June 30, 2023.

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Source: SEC EDGAR

accession 0001825088-23-000049

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