D R Horton Inc
- D.R. Horton plunged 9.6% to $163.05 after the homebuilder reported weaker-than-expected quarterly results.
Revenue in the fiscal fourth quarter ending in September declined to $10.0 billion from $10.5 billion, net income fell to $1.3 billion from $1.5 billion, and diluted earnings per share dropped to $3.92 from $4.45 a year ago.
The homebuilder offered weak annual revenue and unit home sale outlook as buyers struggle with affordability issues.
The company estimated fiscal year 2025 revenue between $36 billion and $37.5 billion, home completions between 90,000 and 92,000 units, stock repurchase of $2.4 billion, and dividend payment of $500 million.
Oct 29, 2024 - D.R. Horton increased 5.2% to $153.31 after the homebuilder reported better-than-expected results in the fiscal second quarter.
Revenue in the March quarter increased 14% to $9.1 billion from $7.9 billion, net income rose to $1.2 billion from $941 million, and diluted earnings per share advanced to $3.52 from $2.73 a year ago.
Apr 18, 2024 - Home builders were in focus after Berkshire Hathaway acquired positions in NVR, Lennar and DR Horton, according to a regulatory filing.
DR Horton gained 2.2% to $125.97, Lennar jumped 0.6% to $124.61 and NVR gained 1.7% to $6,262.79 after the diversified conglomerate Berkshire Hathaway took stakes in home builders.
According to a regulatory filing with the SEC, Berkshire acquired a $726 million stake in DR Horton, $70 million in NVR and $17.2 million in Lennar.
Aug 15, 2023 - D R Horton, Inc declined 3.7% to $123.10 after the company reported sharply higher-than-expected revenue and earnings.
Revenue in the fiscal third quarter increased to $9.7 billion from $8.8 billion but net income declined to $1.4 billion from $1.7 billion and diluted earnings per share fell to $3.93 from $4.70 a year ago.
Home sales in the quarter increased 8% to 22,985 units and 4% to $8.7 billion and net orders increased 37% to 22,879 and 26% to $8.7 billion.
Despite the rising mortgage rates, new home sales continued to advance amid tight home supply availability as demand outstrips supply in suburban areas in the South and in the West.
Cancelation rate declined to 18% in the quarter from 24% in the prior year quarter.
In the quarter, the company repurchased 3.1 million shares for $342.9 million.
At the end of the quarter, the company had 43,800 homes in inventory, of which 5,700 homes were completed.
Jul 20, 2023 - D R Horton Inc, home builder, reported flat revenue and a decline in earnings.
Revenue in the fiscal second quarter ending in March was flat $7.9 billion and net income plunged to $949 million from $1.4 billion and diluted earnings per share fell to $2.73 from $4.03 a year ago.
Net sales orders for the fiscal second quarter fell 5% to 23,142 homes and 11% in value to $8.6 billion compared to 24,340 homes and $9.7 billion in the same quarter a year ago.
The home builder guided full-year 2023 revenue in a range from $31.5 billion to $33.0 billion and estimated home sales between 77,000 and 80,000 units.
Apr 20, 2023
| Year | Dec | Mar | Jun | Sep | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 2.73 | 3.90 | 4.43 | - | 13.82 | |
| 2022 | 4.03 | 4.67 | 4.64 | 2.76 | 16.51 | |
| 2021 | 2.53 | 3.06 | 3.68 | 3.17 | 11.41 | |
| 2020 | 1.3 | 1.72 | 2.23 | 2.14 | 6.41 | |
| 2019 | 0.93 | 1.26 | 1.34 | 1.16 | 4.29 | |
| 2018 | 0.91 | 1.18 | 1.23 | 0.76 | 3.81 | |
| 2017 | 0.60 | 0.76 | 0.82 | 0.77 | 2.95 | |
| 2016 | 0.52 | 0.66 | 0.75 | 0.55 | 2.48 | |
| 2015 | 0.40 | 0.60 | 0.64 | 0.42 | 2.06 | |
| 2014 | 0.39 | 0.38 | 0.32 | 0.44 | 1.5 | |
| 2013 | 0.36 | 0.32 | 0.42 | 0.39 | 1.33 | |
| 2012 | 0.20 | 0.13 | 2.22 | 0.33 | 2.77 | |
| 2011 | 0.09 | 0.09 | 0.09 | 0.11 | 0.23 | |
| 2010 | -0.06 | 0.04 | 0.16 | 0.01 | 0.77 | |
| 2009 | 0.56 | -0.34 | -0.45 | -0.74 | -1.73 | |
| 2008 | -0.20 | -4.14 | -1.26 | -2.53 | -8.34 | |
| 2007 | -0.41 | 0.16 | -2.62 | -0.16 | -2.27 | |
| 2006 | 0.35 | 1.11 | 0.93 | 0.88 | 3.9 | |
| 2005 | 0.98 | 0.92 | 1.17 | 1.77 | 4.62 |