Dream Finders Homes, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 02, 2024 at 07:00 am EDT
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Dream Finders Homes, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 825.22 million compared to USD 767.48 million a year ago. Revenue was USD 827.8 million compared to USD 769.42 million a year ago.
Net income was USD 54.49 million compared to USD 49.09 million a year ago. Basic earnings per share from continuing operations was USD 0.55 compared to USD 0.49 a year ago. Diluted earnings per share from continuing operations was USD 0.55 compared to USD 0.45 a year ago.
Dream Finders Homes, Inc. (DFHs) is a homebuilder company. The Company builds single-family homes throughout the Southeast, Mid-Atlantic and Midwest, including Florida, Texas, North Carolina, South Carolina, Georgia, Tennessee, Colorado, and the Washington, D.C. metropolitan area, which comprises of Northern Virginia and Maryland. The Company has also expanded its operations in Charleston and Greenville, South Carolina, and Nashville, Tennessee. Through its financial services joint ventures, DFH also provides mortgage financing and title services to homebuyers. It provides financial services operations that offers title insurance primarily through DF Title, LLC, doing business as Golden Dog Title & Trust and mortgage banking solutions primarily through its mortgage banking joint venture, Jet HomeLoans, LP. The Company sells homes under the Dream Finders Homes, DF Luxury, Craft Homes, and Coventry Homes brands.