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Mar 31, 2023
Dream Finders Homes Q1 2023 Earnings Report
Dream Finders Homes reported first quarter results with homebuilding revenues up by 16% and home closings up by 11%.
Key Takeaways
Dream Finders Homes reported a positive momentum in Q1 2023, with a 16% increase in homebuilding revenues to $767 million and a 10% increase in pre-tax income to $69 million. Earnings per basic share rose by 12% to $0.49.
Homebuilding revenues increased 16% to $767 million.
Home closings increased 11% to 1,517.
Net income attributable to DFH increased 12% to $49 million, or $0.49 per basic share.
Active community count increased 7% to 220.
Revenue by Segment
Forward Guidance
Dream Finders Homes maintains its guidance of approximately 6,000 home closings for the full year 2023.
Challenges Ahead
- Further deterioration of general economic conditions, including interest rate increases and mortgage availability
- Any further COVID-19 governmental restrictions on land development, home construction or home sales
- Additional supply chain challenges could negatively affect the Company’s ability to achieve this number of home closings in 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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