NYSE$DFH
Dream Finders Homes Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported an increase in homebuilding revenues and home closings, with a return on participating equity of 38.9%.
Dream Finders Homes reported a positive third quarter with a 14% increase in homebuilding revenues to $894 million and a 17% increase in home closings to 1,798. Net new orders increased by 38% to 1,535. The company's net income attributable to DFH increased by 9% to $76 million, or $0.79 per basic share.
- Homebuilding revenues increased 14% to $894 million.
- Home closings increased 17% to 1,798.
- Net new orders increased 38% to 1,535.
- Net income attributable to DFH increased 9% to $76 million, or $0.79 per basic share.
Headline financials
Revenue & EPS history
Dream Finders Homes · Revenue · Quarterly
$896M
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 6,750 home closings for the full year 2023 compared to a previous outlook of approximately 6,500 homes.
Tailwinds
- Company expects approximately 6,750 home closings for the full year 2023.
- Team did an excellent job making sure we were prepared for this opportunity.
- The company continued to de-lever the balance sheet to a net debt to net capitalization ratio of 34.5%, the lowest in Company history.
- The company generated record operating cash flows of $408 million over the trailing twelve months.
- Total available liquidity of $564 million.
Headwinds
- Uncertainty remains for the remainder of 2023 and beyond.
- Deterioration of general economic conditions could negatively affect the Company’s ability to achieve this number of home closings in 2023.
- Interest rate increases could negatively affect the Company’s ability to achieve this number of home closings in 2023.
- Mortgage availability could negatively affect the Company’s ability to achieve this number of home closings in 2023.
- Supply chain challenges could negatively affect the Company’s ability to achieve this number of home closings in 2023.
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 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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