NYSE$DFH
Dream Finders Homes Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Dream Finders Homes reported an increase in homebuilding revenues and net new orders, driven by strategic acquisitions and overall product mix.
Dream Finders Homes announced strong first-quarter results, with an 8% increase in homebuilding revenues to $825 million and a 19% increase in net new orders. The acquisition of Crescent Homes contributed to growth, particularly in the Mid-Atlantic segment. Net income attributable to DFH rose by 11% to $54 million.
- Homebuilding revenues increased by 8% to $825 million.
- Net new orders increased by 19% to 1,724.
- Net income attributable to DFH increased by 11% to $54 million.
- The company closed the Crescent Homes acquisition, expanding its Mid-Atlantic segment.
Headline financials
Revenue & EPS history
Dream Finders Homes · Revenue · Quarterly
$828M
Revenue by segment
Dream Finders Homes · $943M total across 1 segment · Q2 2023
- Homebuilding$943M+19.2%100.0%
Forward guidance
Dream Finders Homes maintains its guidance of approximately 8,250 home closings for the full year 2024, inclusive of the Crescent Homes acquisition.
Tailwinds
- Maintains guidance of approximately 8,250 home closings for the full year 2024.
- Crescent Homes acquisition expected to contribute to home closings.
- Strategic opportunities in new and existing markets.
- Asset-light homebuilding model.
- Growth in the Southeast, Mid-Atlantic and Midwest.
Headwinds
- Persistent uncertainty in the interest rate environment.
- Higher land and financing costs.
- Purchase accounting amortization from Crescent Homes acquisition.
- Higher compensation costs due to expansion.
- Costs associated with forward mortgage commitment programs.
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 2024
+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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