Dream Finders Homes Shares Rise After 4Q Earnings Beat Expectations

Dow Jones
02-26
 

By Chris Wack

 

Dream Finders Homes shares were up 19%, to $25.04, after the company reported fourth-quarter earnings that beat analysts' expectations.

The homebuilder said it had a quarterly earnings of $129.3 million, or $1.29 a share, compared with $102 million, or $1 a share, in the same quarter last year. Analysts polled by FactSet were looking for earnings of $111.1 million, or $1.10 a share.

Revenue for the quarter was $1.56 billion, compared with last year's $1.14 billion and the $1.39 billion analysts were expecting.

The company said that, for the quarter, home closings were up 40% to 3,008 from 2,153 last year, and new orders were up- 46% to 1.611 from last year's 1.106. Financial services pre-tax income increased 94% to $11 million from $6 million.

Dream Finders Homes said it expects about 9,250 home closings for 2025, inclusive of its recent Liberty Communities acquisition.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

February 25, 2025 13:07 ET (18:07 GMT)

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