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JACKSONVILLE, Fla. - Dream Finders Homes (NYSE:DFH) reported fourth quarter earnings and revenue that exceeded analyst expectations, driven by strong home closings growth. The homebuilder also provided an optimistic outlook for 2025.
Dream Finders reported Q4 adjusted earnings per share of $1.29, beating the analyst estimate of $1.13. Revenue rose 35% YoY to $1.5 billion, above the $1.41 billion consensus estimate.
Home closings jumped 40% to 3,008 in Q4, with the company citing contributions from its acquisition of Crescent Homes earlier in 2024. The average sales price declined 3% to $507,477.
"We ended on a high note - our fourth quarter was by far the best quarter of the year, and, arguably, the best in Company history," said CEO Patrick Zalupski.
For the full year 2024, Dream Finders saw home closings increase 17% to 8,583 units. Revenue rose 18% to $4.4 billion.
Looking ahead, the company expects approximately 9,250 home closings in 2025, which would represent about 8% growth from 2024 levels.
Dream Finders also noted it completed several acquisitions in 2024 and early 2025 that it believes will contribute to future earnings growth.
The company’s adjusted homebuilding gross margin declined to 26.9% in Q4 from 28.1% a year earlier, which it attributed to higher land and financing costs.
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