NYSE$DFH
Dream Finders Homes Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Dream Finders Homes reported record homebuilding revenues and increased net income for Q4 2023.
Dream Finders Homes announced strong Q4 2023 results, with homebuilding revenues reaching $1.1 billion and net income increasing by 18%. The company's strategic focus on cost management and cycle time reductions contributed to improved gross margins and overall financial performance.
- Homebuilding revenues increased by 3% to $1.1 billion.
- Average sales price of homes closed rose by 9% to $520,940.
- Homebuilding gross margin increased by 340 basis points to 20.5%.
- Net income attributable to DFH increased by 18% to $102 million, or $1.06 per basic share.
Headline financials
Revenue & EPS history
Dream Finders Homes · Revenue · Quarterly
$1.14B
Revenue by segment
Dream Finders Homes · $943M total across 1 segment · Q2 2023
- Homebuilding$943M+19.2%100.0%
Forward guidance
Dream Finders Homes expects approximately 8,250 home closings for the full year 2024, inclusive of those from the Crescent Homes acquisition.
Tailwinds
- Acquisition of Crescent Homes expands market presence.
- Anticipated increase in home closings for 2024.
- Strong liquidity position with $828 million available.
- Reduced net debt to net capitalization ratio.
- Targeted mortgage buydown programs maintaining net new orders.
Headwinds
- Deterioration of general economic conditions.
- Interest rate increases and mortgage availability.
- Governmental restrictions on land development.
- Home construction or home sales limitations.
- 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 Q4 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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