secwatch.observer — SEC 8-K summary
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Issuer:     Dream Finders Homes, Inc. (DFH)
CIK:        0001825088
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001825088-24-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dream Finders Homes Q4 revenue $1.1B, net income up 18%; full-year record $3.7B revenue
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- Q4 homebuilding revenue $1.1B (+3% YoY); full-year $3.7B (+12%); EPS $1.06 per basic share vs $0.89.
- Q4 homebuilding gross margin 20.5% (up 340 bps); adjusted gross margin 28.1% (up 440 bps).
- Issued $300M of 8.25% senior notes due 2028 to repay revolver; net debt to cap improved to 23.3%.
- Total liquidity $828M (up from $487M); return on participating equity 36.3%.
- Announced acquisition of Crescent Homes (three new markets); 2024 guidance ~8,250 home closings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825088/000182508824000013/0001825088-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825088/000182508824000013/dream-20240229.htm
  HTML page:      https://secwatch.observer/filing/0001825088-24-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer