NYSE$DFH
Dream Finders Homes Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Dream Finders Homes outperformed growth and execution expectations, achieving record homebuilding margin and pre-tax earnings.
Dream Finders Homes announced strong second-quarter results with significant increases in homebuilding revenues, gross margin, pre-tax income, and net income. The company's home closings, average sales price, and backlog also increased substantially. However, net new orders experienced a slight decrease due to strategic sales limitations and market volatility.
- Homebuilding revenues increased by 118% to $791 million.
- Gross margin as a percentage of homebuilding revenues increased to 19.7%.
- Net income attributable to DFH increased by 119% to $63 million, or $0.60 per diluted share.
- Backlog of sold homes increased 74% to 7,190 homes valued at $3.3 billion.
Headline financials
Revenue & EPS history
Dream Finders Homes · Revenue · Quarterly
$793M
Revenue by segment
Dream Finders Homes · $791M total across 1 segment · Q2 2022
- Homebuilding$791M—100.0%
Forward guidance
Dream Finders Homes reaffirmed its guidance of a minimum of 7,000 home closings for the full year 2022, considering the moderation of the housing market and assuming stable economic conditions.
Tailwinds
- Company reaffirms guidance of a minimum of 7,000 home closings for the full year 2022.
- Large backlog of 7,190 homes provides a buffer against market fluctuations.
- Strategic positioning in high-growth markets.
- Affordable homes cater to entry-level and move-up homebuyers.
- Build-for-rent platform ensures consistent home deliveries.
Headwinds
- Rapid increase in interest rates and overall moderation of the housing market.
- Assumes general economic conditions remain similar to the latter half of Q2 2022.
- Potential impact from further COVID-19 governmental restrictions.
- Possible negative impact from additional supply chain challenges.
- Approximately 32% of homes in backlog are expected to be delivered in 2023 and beyond, indicating a potential delay in revenue recognition.
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 Q2 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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