Dream Finders Homes reports Q4 EPS 78c, consensus 75c

Reports Q4 revenue $1.1B, consensus $1.03B. Home closings increased 18% to 2,316 from 1,960. Average sales price of homes closed increased 9% to $479,554 from $440,939. "As we anticipated when we reported third quarter earnings, our fourth quarter produced record total home closings of 2,316, an 18% increase, record revenue of $1.1 billion, a 29% increase, and net income of $86 million, a 51% increase compared to the prior year quarter. Rounding out the record quarter was our basic earnings per share of $0.89, a new quarterly high. Additionally, with a 49.1% return on participating equity for the year, we continue to perform in line with our record levels. Dream Finders’ second year as a public company concluded with full year homebuilding revenues of $3.3 billion, net income of $262 million and basic earnings per share of $2.67, all annual records."