Dream Finders Homes Q2 net income $69M, revenue +19% to $943M; raises 2023 closings guidance

Dream Finders Homes, Inc.

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

Homebuilding revenue $943M (+19% YoY); home closings 1,846 (+12%).
Net income attributable to DFH $69M ($0.70/share basic) vs $63M ($0.64) YoY.
Adjusted gross margin 27.1% (+140 bps); GAAP gross margin 19.1% (-60 bps).
MHI earnout liability adjustment added $16.6M expense; company sees as positive growth signal.
Board authorized $25M share buyback program through June 2026; raised closing guidance to ~6,500 units.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Dream Finders Homes, Inc. reported the second quarter ended June 30, 2023 results: revenue $943 million, net income $69 million, EPS $0.70 per basic share. Guidance raised.

Period: the second quarter ended June 30, 2023
Revenue: $943 million
Net income: $69 million
EPS: $0.70 per basic share
Guidance: raised
Result: reported results

Exact text from the filing

for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights (As Compared to Second Quarter 2022, unless otherwise noted) • Homebuilding revenues increased 19% to $943 million from $791 million • Home closings increased 12% to 1,846 from 1,649 • Net new orders increased 16% to 1,655 from 1,426 • Gross margin as a percentage of homebuilding revenues

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Source: SEC EDGAR

accession 0001825088-23-000052

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