Dream Finders Q3 revenue up 14% to $894M; EPS $0.79; raised FY closings guidance to 6,750

Dream Finders Homes, Inc.

2023-Q3 EPS reported $1.83 revenue$2,610,589,000

Homebuilding revenues $894M (+14% YoY); home closings 1,798 (+17%); net new orders 1,535 (+38%).
Pre-tax income $104M (+27% YoY); net income $76M ($0.79 per basic share).
Gross margin 20.6% (up 200 bps); adjusted gross margin 28.4% (up 350 bps).
Issued $300M 8.25% senior unsecured notes due 2028; total liquidity $564M (record).
Raised FY 2023 closings guidance to approximately 6,750 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 three months ended September 30, 2023 results: revenue $894 million, net income $76 million, EPS $0.79 per basic share. Guidance raised.

Period: the three months ended September 30, 2023
Revenue: $894 million
Net income: $76 million
EPS: $0.79 per basic share
Guidance: raised
Result: reported results

Exact text from the filing

the third quarter ended September 30, 2023. Third Quarter 2023 Highlights (As Compared to Third Quarter 2022, unless otherwise noted) • Homebuilding revenues increased 14% to $894 million from $784 million • Home closings increased 17% to 1,798 from 1,542 • Net new orders increased 38% to 1,535 from 1,110 • Gross margin as a percentage of homebuilding revenues

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Source: SEC EDGAR

accession 0001825088-23-000066

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