Dream Finders Homes reports Q1 EPS 55c, consensus 66c

Reports Q1 revenue $827.8M, consensus $886.36M. Net new orders increased 19% in Q1. Average sales price of homes closed increased to $494,995. Patrick Zalupski, Dream Finders Homes Chairman and CEO, said, “Despite persistent uncertainty in the interest rate environment, DFH achieved another quarter of quality growth, with homebuilding revenues of $825 million, an 8% increase over the prior year quarter and another first quarter Company record. More notably, we delivered increases in net new orders of 19% and net income attributable to DFH of 11% in the first quarter of 2024 compared to the year ago quarter.”