NYSE$DFH
Dream Finders Homes Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Dream Finders Homes reported strong Q1 2022 results with significant revenue growth and margin improvement.
Dream Finders Homes announced record first quarter net earnings of $43.7 million, or $0.42 per diluted share, representing a 133% increase compared to the year-ago quarter. Homebuilding revenues increased by 93.6% to $662.5 million, and gross margins improved by 380 basis points to 18.7%. The company's backlog of sold homes reached a record 7,413 homes, valued at $3.4 billion.
- Homebuilding revenues increased by 93.6% to $662.5 million.
- Gross margin improved by 380 basis points to 18.7%.
- Net income was $43.7 million, or $0.42 per diluted share.
- Backlog of sold homes increased to 7,413 homes, valued at $3.4 billion.
Headline financials
Revenue & EPS history
Dream Finders Homes · Revenue · Quarterly
$664M
Revenue by segment
Dream Finders Homes · $662M total across 1 segment · Q1 2022
- Homebuilding$662M+572.5%100.0%
Forward guidance
Dream Finders Homes maintains its guidance of a minimum of 7,000 home closings for the full year 2022.
Tailwinds
- Company maintains guidance of a minimum of 7,000 home closings for the full year 2022.
- Backlog of homes sold is the best indicator for future growth.
- Company is well-positioned for another strong year of growth.
- Company has a strategy that allows it to be nimble.
- Company continues to experience strong demand for its product.
Headwinds
- COVID-19 governmental restrictions on land development could negatively impact the Company’s ability to achieve home closings.
- COVID-19 governmental restrictions on home construction could negatively impact the Company’s ability to achieve home closings.
- COVID-19 governmental restrictions on home sales could negatively impact the Company’s ability to achieve home closings.
- Additional supply chain challenges could negatively impact the Company’s ability to achieve home closings.
- Approximately 20.0% of the homes in backlog expected to be delivered in 2023 and beyond.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+0.5%
Avg return
Earnings day
-0.8%
Avg return
5 days after
+0.2%
Avg return
30 days after
43%
9 / 21 earnings
Positive
+25.2%
Q2 2023
Best reaction
-12.4%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.2% | +0.4% | +9.2% | |
| Q4 2025 | -2.0% | -11.8% | -29.7% | |
| Q3 2025 | -8.5% | -11.8% | -8.5% | |
| Q1 2025 | -3.6% | +0.6% | -1.1% | |
| Q4 2024 | +17.9% | +13.9% | +12.7% | |
| Q3 2024 | -1.3% | +4.0% | +6.8% | |
| Q2 2024 | -10.5% | -13.2% | +6.0% | |
| Q1 2024 | -12.4% | -13.7% | -20.3% | |
| Q4 2023 | +11.6% | +9.3% | +26.6% | |
| Q3 2023 | +11.7% | +13.3% | +26.1% | |
| Q2 2023 | +25.2% | +25.6% | +23.2% | |
| Q1 2023 | +2.3% | +5.6% | +21.4% | |
| Q4 2022 | -0.3% | -0.8% | +6.1% | |
| Q3 2022 | +3.5% | -0.6% | -7.4% | |
| Q2 2022 | -2.5% | -3.5% | -5.4% | |
| Q1 2022 | -6.4% | +1.6% | -10.1% | |
| Q4 2021 | +5.1% | -6.3% | -21.3% | |
| Q3 2021 | +2.5% | +9.7% | +16.2% | |
| Q2 2021 | -8.7% | -13.8% | -16.6% | |
| Q1 2021 | -8.8% | -7.7% | -15.7% | |
| Q4 2020 | -7.2% | -17.7% | -14.1% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — |
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