secwatch.observer — SEC 8-K summary
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Issuer:     Dream Finders Homes, Inc. (DFH)
CIK:        0001825088
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001825088-24-000053
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dream Finders Q2 revenue $1.1B (+12% YoY); net income $81M (+18%); EPS $0.83
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825088/000182508824000053/0001825088-24-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825088/000182508824000053/dream-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001825088-24-000053

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