Dream Finders Homes reports Q1 EPS 11c, consensus 20c

Reports Q1 revenue $887.839M, consensus $826.61M. Patrick Zalupski, Dream Finders Homes (DFH) Chairman and CEO, said, “We continue to operate in a challenging environment as elevated mortgage rates and broader macroeconomic uncertainty have impacted affordability and consumer confidence across our markets. Despite these headwinds, I believe the team did an admirable job showing our ability to adapt pricing and incentive strategies to align with current market conditions, which enabled us to generate record net sales in the first quarter of 2,408, a 19% increase from the prior year quarter.”