earnings
confidence high
sentiment positive
materiality 0.75
Dream Finders Q2 revenue $1.1B (+12% YoY); net income $81M (+18%); EPS $0.83
Dream Finders Homes, Inc.
2024-Q2 EPS reported
$1.35
revenue$1,883,547,000
- Homebuilding revenues $1.1B, up 12%; closings 2,031 up 10%; ASP $514,833.
- Net income attributable to DFH $81M ($0.83 basic EPS) vs $69M ($0.70) prior year.
- Adjusted gross margin 27.0% consistent; homebuilding gross margin 19.0% vs 19.1%.
- Completed acquisition of remaining 40% of Jet HomeLoans for $9.3M; Jet HL earned $13M pre-tax YTD 2024.
- Reaffirms FY 2024 guidance of 8,250 closings; share buyback of 72,000 shares during Q2.