Dream Finders Homes, Inc. - DFH STOCK NEWS

Dream Finders Homes reported impressive third-quarter 2022 results, with homebuilding revenues soaring by 117% to $784 million compared to the previous year. Net income surged 264% to $70 million, leading to a basic EPS of $0.71. Home closings increased 68% to 1,542 units, with an average sales price (ASP) rising 30% to $487,852. Despite challenges like a 25.5% cancellation rate and delays from Hurricane Ian, the company maintains a backlog of 6,758 homes valued at $3.1 billion. Management remains optimistic for a record fourth quarter, targeting over 7,000 home closings for the year.

Dream Finders Homes (DFH) announced the transfer of its Class A common stock listing from Nasdaq to the New York Stock Exchange (NYSE), effective October 10, 2022. This strategic move aims to align with the company’s growth and enhance shareholder value. The CEO, Patrick Zalupski, emphasized the NYSE's prestige and the advantages it offers. The transition is expected to be seamless for investors, maintaining the ticker symbol "DFH" throughout the change.

Dream Finders Homes (DFH) reported strong financial results for Q2 2022, with revenues soaring 118% to $791 million. Pre-tax income jumped 145% to $90 million, while net income rose 119% to $63 million, or $0.60 per share. Home closings increased 66% to 1,649, and the average sales price per home closed grew 29% to $463,447. Despite a 6% decrease in net new orders to 1,426, the backlog of sold homes surged 74% to 7,190 units worth $3.3 billion. Management reaffirmed guidance for a minimum of 7,000 home closings for 2022, amid challenges from rising interest rates.

Dream Finders Homes (NASDAQ: DFH), a rapidly growing homebuilder, has released its latest investor presentation. The company, which builds single-family homes across multiple states including Florida and Texas, emphasizes its asset-light homebuilding model that has contributed to industry-leading returns on shareholders' equity. For further details, the presentation can be accessed on the company's investor relations website.

Dream Finders Homes (DFH) reported a remarkable financial performance for Q1 2022, with homebuilding revenues increasing 93.6% to $662.5 million. The gross margin improved by 380 basis points to 18.7%, while net income rose to $43.7 million or $0.42 per diluted share, reflecting a 133% increase compared to the prior year. The backlog of sold homes surged 105.2% to 7,413 homes, valued at $3.4 billion. Despite challenges from rising rates and supply chain issues, the company remains optimistic about continued growth.

DF Capital Management announced the successful closing of DF Residential II, LP, achieving $322 million in equity commitments, surpassing its $250 million target. The fund will focus on investing in residential land to supply finished lots for entry-level home construction, addressing a significant housing shortage. Partnering with Dream Finders Homes (Nasdaq: DFH), a prominent homebuilder, enhances capital efficiency and scaling opportunities. Despite industry supply challenges, strong market fundamentals support the strategy of providing single-family homes.

Dream Finders Homes (NASDAQ: DFH) announced the release of its 2021 Annual Shareholder Letter authored by President and CEO Patrick Zalupski. The company highlights its position as one of the fastest-growing homebuilders in the nation, emphasizing its asset-light business model. DFH operates across several states, including Florida, Texas, and North Carolina, and continues to achieve leading returns on shareholder equity. For further details, the shareholder letter is available on their investor relations website.

Dream Finders Homes (DFH) reported significant financial growth for the fourth quarter and full year 2021. Total revenues surged 70% to $1.9 billion, while pre-tax income soared 88% to $148.6 million. The home backlog reached a record 6,381 homes valued at nearly $3 billion, a 163.2% increase year-over-year. Average sales prices rose 8.8% to $389,094. Notably, the acquisition of McGuyer Homebuilders contributed greatly, adding 1,734 homes to the inventory. DFH anticipates at least 7,000 closings in 2022, despite potential challenges from COVID-19 and supply chain issues.

Dream Finders Homes (DFH) announced a record backlog of 4,520 homes valued at over $1.8 billion for Q3 2021, a 146.2% increase from Q3 2020. Home building revenues were up 27.9% to $361 million, with net income at $19.1 million, or $0.20 per diluted share. The company completed the acquisition of McGuyer Homebuilders, boosting its backlog to 6,364 homes worth over $2.8 billion. Despite challenges in supply chains affecting cycle times and margins, management expresses confidence in future growth and revenue expectations for Q4 and fiscal 2022.