earnings
confidence high
sentiment positive
materiality 0.75
Dream Finders Q4 net income up 27%, initiates 2025 guidance of ~9,250 closings
Dream Finders Homes, Inc.
2024-FY EPS reported
$3.34
revenue$4,451,606,000
- Q4 homebuilding revenues $1.5B (+35% YoY); home closings 3,008 (+40% YoY); net income $129M ($1.35 per basic share vs $1.06).
- Full year 2024 homebuilding revenues $4.4B (+18% YoY); closings 8,583 (+17% YoY); net income $335M ($3.44 per basic share vs $3.03).
- Q4 homebuilding gross margin 17.7% (down 280 bps YoY); adjusted gross margin 26.9% (down 120 bps). Higher land/financing costs partially offset by cost reductions.
- Company initiates 2025 full year guidance of approximately 9,250 expected home closings.
- Completed acquisitions of Crescent Homes and Jet HomeLoans; announced purchase agreements for Liberty Communities (closed Jan 2025) and Alliant Title Insurance (pending regulatory approval).