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Sep 30, 2024
Dream Finders Homes Q3 2024 Earnings Report
Dream Finders Homes reported increased homebuilding revenues and net new orders, but experienced a decrease in homebuilding gross margin and net income.
Key Takeaways
Dream Finders Homes announced its Q3 2024 financial results, featuring a 10% increase in homebuilding revenues and a 9% increase in net new orders compared to Q3 2023. The company's acquisition of Jet HomeLoans contributed $16 million in revenue and $7 million in pre-tax profitability. However, the homebuilding gross margin decreased, and net income attributable to DFH also saw a decline.
Homebuilding revenues increased by 10% to $986 million.
Net new orders rose by 9% to 1,680.
The company completed the acquisition of Jet HomeLoans, contributing $16 million in revenues.
Maintains guidance of approximately 8,250 home closings for the full year 2024.
Revenue by Segment
Forward Guidance
Dream Finders Homes maintains its guidance of approximately 8,250 home closings for the full year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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