Dream Finders Homes Q1 2024 revenue up 8% to $825M, net income up 11%, orders up 19%

Dream Finders Homes, Inc.

2024-Q1 EPS reported $0.55 revenue$827,800,000

Homebuilding revenues $825M, +8% YoY; net income attributable to DFH $54M (+11%).
Net new orders up 19% to 1,724; home closings up 9% to 1,655; ASP $494,995.
Adjusted gross margin improved 200 bps to 26.3%; homebuilding gross margin 17.8% (+80 bps).
Acquired Crescent Homes on Feb 1, 2024, expanding into Charleston, Greenville, Nashville.
Total liquidity $500M; net debt to net cap 39.9%; return on equity 34.9%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Dream Finders Homes, Inc. reported first quarter ended March 31, 2024 results: revenue $825 million, net income $54 million, EPS $0.55 per basic share.

Period: first quarter ended March 31, 2024
Revenue: $825 million
Net income: $54 million
EPS: $0.55 per basic share
Result: reported results

Exact text from the filing

Securities Act of 1933, as amended, or the Exchange Act. --- EX-99.1 (EX-99.1) --- Dream Finders Announces First Quarter 2024 Results First Quarter Homebuilding Revenues of $825 million Net New Orders Up 19% , Net Income to DFH Up 11% Return on Participating Equity of 34.9% Jacksonville, FL. — May 2, 2024 — Dream Finders Homes, Inc. (the “Company”, “Dream

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Source: SEC EDGAR

accession 0001825088-24-000028

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