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)
Copyright (c) 2025 Dow Jones & Company, Inc.