Dream Finders Homes, Inc. - DFH STOCK NEWS

Dream Finders Homes (NASDAQ: DFH) has acquired the assets of McGuyer Homebuilders, Inc. for $471 million, enhancing its operations in Texas's Austin, Houston, Dallas, and San Antonio markets. The deal includes 1,850 home sites and a backlog of 1,845 homes valued over $1 billion. DFH aims to boost annual production beyond 2,000 homes while maintaining an asset-light model. The acquisition is expected to provide significant cash flow and strategic growth opportunities, benefiting shareholders. DFH anticipates minimal shareholder dilution through convertible preferred stock issuance.

Dream Finders Homes (NASDAQ: DFH) has signed a definitive agreement to acquire the homebuilding assets of McGuyer Homebuilders, Inc. (MHI), known for its Coventry Homes brand, which operates in Texas. MHI generated over $900 million in revenue from the sale of more than 2,000 homes in 2020. The acquisition, set to finalize in Q4 2021, includes approximately 1,850 homes in backlog and 200 finished lots for immediate construction. DFH will also issue 150,000 shares of Series A Convertible Preferred Stock to finance this acquisition.

Dream Finders Homes (NASDAQ: DFH) reported a pre-tax income of $37 million for Q2 2021, a remarkable 193% increase from $12 million in Q2 2020. Revenues soared 83% to $365 million, driven by a 91% rise in home closings, totaling 996 homes. Gross margin expanded to 16.5%, up 270 basis points year-over-year. The company's return on equity reached 44.3%. Despite challenges from supply chain issues, the outlook remains positive with guidance of 5,000 to 6,000 home closings for 2021.

Dream Finders Homes (DFH), a rapidly growing homebuilder, announced plans to release its second quarter 2021 financial results on August 10, 2021. The company invites stakeholders to submit questions about its results via email, with responses to selected inquiries to be made available monthly through Current Reports on Form 8-K and on its investor relations website. Dream Finders Homes operates in several states and boasts industry-leading returns on shareholders' equity, driven by an asset-light business model.

Dream Finders Homes (NASDAQ: DFH) reported a net income of $16.1 million for Q1 2021, marking a 145% increase from Q1 2020. Total revenues surged to $343.6 million, up 82% year-over-year, driven by a 94.6% rise in home closings to 1,002 homes. The average selling price per home decreased to $335,986, influenced by recent acquisitions. The gross margin increased by 210 basis points to 14.9%. The company has maintained its guidance for 5,000 to 6,000 home closings in 2021 amidst a favorable housing market.

Dream Finders Homes, Inc. (NASDAQ: DFH) will announce its first quarter 2021 financial results before the market opens on May 12, 2021. The company is known for its rapid growth in the homebuilding sector and is seeking questions from analysts and stakeholders regarding its business performance. Dream Finders operates in several states including Florida, Texas, and North Carolina, and utilizes an asset-light model to achieve industry-leading returns on shareholder equity.

Dream Finders Homes reported record pre-tax earnings of $79.1 million for the year ended December 31, 2020, reflecting a 101.8% increase from 2019. This growth was fueled by a 52.5% rise in home sales revenues and improved gross margins. The company achieved 4,186 net new orders, a 95.7% increase year-over-year. In Q4 alone, net new orders surged 189% to 1,387 homes. Looking ahead, Dream Finders Homes anticipates 5,000 to 6,000 home closings for 2021, barring unforeseen COVID-19 impacts.

Dream Finders Holdings LLC, a subsidiary of Dream Finders Homes (NASDAQ: DFH), has successfully acquired Century Homes Florida from Tavistock Development Company, effective January 31, 2021. Century Homes Florida, known for its craftsmanship, operates in Central Florida and has built over 1,000 homes. The acquisition includes 134 homes under construction, 229 finished lots, and 490 lots for future inventory, enabling Dream Finders to expand its market presence. This acquisition is expected to meet the growing demands of the Central Florida housing market.

Dream Finders Homes (NASDAQ: DFH) has priced its initial public offering (IPO) at $13.00 per share for 9,600,000 shares of Class A common stock, aiming to raise approximately $124.8 million. Trading begins on January 21, 2021, with the offering closing by January 25, 2021. The company plans to utilize the net proceeds to pay off existing construction credit lines, enhancing its financial position. The underwriting team includes BofA Securities, RBC Capital Markets, and BTIG, with an option for underwriters to purchase an additional 1,440,000 shares.