NYSE$DFH
Dream Finders Homes Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Dream Finders Homes reported revenue growth, improved gross margin, and increased pre-tax income despite supply chain constraints.
Dream Finders Homes reported a strong third quarter with significant year-over-year growth in home building revenues, gross margin, and pre-tax income. The company's backlog of sold homes reached a record high, and the acquisition of McGuyer Homebuilders, Inc. further expanded its backlog and land position. Despite industry-wide challenges, Dream Finders Homes is confident in its ability to deliver record revenues and substantial growth in fiscal 2022.
- Backlog of sold homes increased 146.2% to 4,520 homes valued at $1.8 billion.
- Home building revenues increased 27.9% to $361 million.
- Gross margin as a percentage of home sales revenues increased 120 basis points to 16.0%.
- Net new orders increased 12.3% to 1,301.
Headline financials
Revenue & EPS history
Dream Finders Homes · Revenue · Quarterly
$363M
Revenue by segment
Dream Finders Homes · $361M total across 1 segment · Q3 2021
- Homebuilding$361M—100.0%
Forward guidance
The Company is updating its outlook and now expects 4,900 to 5,300 home closings for DFH, inclusive of MHI, compared to a previous outlook for 5,000 to 6,000 home closings due to longer cycle times as a result of industry wide supply chain challenges.
Tailwinds
- Deliver record fourth quarter revenues
- Substantial revenue growth in fiscal 2022
- Convert the largest backlog in the Company’s history
- Successfully delivered third sequential quarter of year-over-year revenue growth
- Successfully delivered third sequential quarter of year-over-year gross margin growth
Headwinds
- Longer cycle times as a result of industry wide supply chain challenges
- Further COVID-19 governmental restrictions on land development could negatively impact the Company’s ability to achieve home closings.
- Further COVID-19 governmental restrictions on home construction could negatively impact the Company’s ability to achieve home closings.
- Further 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.
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 Q3 2021
+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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