Dream Finders Homes reports Q3 EPS 47c, consensus 50c

Reports Q3 revenue $969.8M, consensus $1.15B. Patrick Zalupski, Dream Finders Homes (DFH) Chairman and CEO, said, “Dream Finders continued to perform admirably in the third quarter, generating homebuilding revenues of $917 million and 1,915 closings. While revenue was lower year over year, we were able to achieve a modest increase in home closings, along with a meaningful rise in net sales, both of which are third quarter Company records. This performance reflects the resilience of our business strategy and the grit of our team. We continue to see a complex and challenging housing environment, though we are encouraged by the recent easing of mortgage rates. I commend our team’s ability to execute in this challenging market and continue to search for ways to add value.”