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Mar 31, 2022
Dream Finders Homes Q1 2022 Earnings Report
Dream Finders Homes reported strong Q1 2022 results with significant revenue growth and margin improvement.
Key Takeaways
Dream Finders Homes announced record first quarter net earnings of $43.7 million, or $0.42 per diluted share, representing a 133% increase compared to the year-ago quarter. Homebuilding revenues increased by 93.6% to $662.5 million, and gross margins improved by 380 basis points to 18.7%. The company's backlog of sold homes reached a record 7,413 homes, valued at $3.4 billion.
Homebuilding revenues increased by 93.6% to $662.5 million.
Gross margin improved by 380 basis points to 18.7%.
Net income was $43.7 million, or $0.42 per diluted share.
Backlog of sold homes increased to 7,413 homes, valued at $3.4 billion.
Revenue by Segment
Forward Guidance
Dream Finders Homes maintains its guidance of a minimum of 7,000 home closings for the full year 2022.
Positive Outlook
- Company maintains guidance of a minimum of 7,000 home closings for the full year 2022.
- Backlog of homes sold is the best indicator for future growth.
- Company is well-positioned for another strong year of growth.
- Company has a strategy that allows it to be nimble.
- Company continues to experience strong demand for its product.
Challenges Ahead
- COVID-19 governmental restrictions on land development could negatively impact the Company’s ability to achieve home closings.
- COVID-19 governmental restrictions on home construction could negatively impact the Company’s ability to achieve home closings.
- COVID-19 governmental restrictions on home sales could negatively impact the Company’s ability to achieve home closings.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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