NYSE$DFH
Dream Finders Homes Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported positive momentum with revenue growth, pre-tax income, and earnings per basic share increasing, driven by encouraging net sales and effective management of construction times and inventory turnover.
Dream Finders Homes announced strong Q2 2023 results with a 19% increase in homebuilding revenues to $943 million and a 12% increase in home closings to 1,846. Net income attributable to DFH increased by 10% to $69 million, or $0.70 per basic share. The company updated its full-year guidance to approximately 6,500 home closings.
- Homebuilding revenues increased 19% to $943 million.
- Home closings increased 12% to 1,846.
- Net new orders increased 16% to 1,655.
- Net income attributable to DFH increased 10% to $69 million, or $0.70 per basic share.
Headline financials
Revenue & EPS history
Dream Finders Homes · Revenue · Quarterly
$945M
Revenue by segment
Dream Finders Homes · $943M total across 1 segment · Q2 2023
- Homebuilding$943M+19.2%100.0%
Forward guidance
Dream Finders Homes is updating its guidance and now expects approximately 6,500 home closings for the full year 2023 compared to a previous outlook of approximately 6,000 homes.
Tailwinds
- Improved sales activity year-to-date
- Housing market continues to assimilate mortgage rates
- Management is able to release starts and manage the construction cycle more efficiently.
Headwinds
- Deterioration of general economic conditions
- Interest rate increases
- Mortgage availability
- Governmental restrictions on land development
- Supply chain challenges
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 2023
+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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