NYSE$DFH

Dream Finders Homes Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Dream Finders Homes reported strong second-quarter results, marked by revenue growth and increased net income.

Dream Finders Homes announced a 12% increase in homebuilding revenues to $1.1 billion for the second quarter of 2024. Net income attributable to DFH shareholders increased by 18% to $81 million, with basic EPS up 19% to $0.83. The results were driven by strategic growth and operational efficiencies, including the acquisition of Crescent Homes.

  • Homebuilding revenues increased by 12% to $1.1 billion.
  • Net income attributable to DFH increased by 18% to $81 million, with basic EPS at $0.83.
  • Net new orders increased by 3% to 1,712.
  • The company reiterated its full-year 2024 guidance of 8,250 home closings.

Headline financials

Total Revenue

$1.06B

Previous: $945M+11.7%
EPS

$0.81

Previous: $0.65+24.6%
Net New Orders

1.7K

Previous: 1.7K+3.4%
Home Closings

2.0K

No prior period
Average Sales Price

$515K

Previous: $505K+2.0%
Cancellation Rate

13.2%

Previous: 15.6%-15.4%
Homebuilding Gross Margin

19.0%

No prior period
Adjusted Homebuilding Gross Margin

27.0%

No prior period
Return on Participating Equity

33.5%

No prior period
Capital Expenditures

-$3.89M

Previous: -$3M-29.6%
Free Cash Flow

$77.1M

Previous: $65.8M+17.2%
Net Income

$80.9M

Previous: $68.8M+17.7%
Operating Income

$101M

Previous: $103M-2.2%
Gross Profit

$203M

Previous: $182M+11.2%
Cash & Equivalents

$275M

Previous: $293M-6.1%
Total Assets

$2.99B

Previous: $2.29B+30.5%
Stock-Based Comp

$5.06M

Previous: $4.04M+25.2%

Revenue & EPS history

Dream Finders Homes · Revenue · Quarterly

$1.06B

Q2 2024+11.7%vs Q2 2023
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

Dream Finders Homes · $943M total across 1 segment · Q2 2023

  • Homebuilding
    $943M+19.2%

Forward guidance

Dream Finders Homes maintains its guidance of approximately 8,250 home closings for the full year 2024.

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 2024

Historical avgQ2 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

Earnings price reactions
QuarterReport dateReaction (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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