Dream Finders Holdings (DFH) Misses Q1 EPS by 1c, Revenues Miss

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Go back to Dream Finders Holdings (DFH) Misses Q1 EPS by 1c, Revenues Miss

Dream Finders Homes Announces Record First Quarter 2021 Earnings as Homes Delivered Increased by 95% and Net New Orders Increased by 137%

May 12, 2021 8:00 AM EDT

JACKSONVILLE, Fla., May 12, 2021 (GLOBE NEWSWIRE) -- Jacksonville, Fla. (May 12, 2021) Dream Finders Homes, Inc. (NASDAQ: DFH) announced net income of $16.1 million for the quarter ended March 31, 2021, an increase of 145.0% over the $6.6 million earned in the quarter ended March 31, 2020. The increase in net income was mainly driven by an 82.2% increase in home sales revenues and 210 basis points of accretion in the gross margin percentage from the first quarter of 2020.

First Quarter 2021 Highlights and Results

Total revenues were $343.6 million, an increase of 82.0% when compared to the $188.7... More