D R Horton Inc
- D.R. Horton Inc. gained 3.9% to $153.35 despite the home builder posted a 1% decrease in revenue in the fiscal first quarter 2025 ending in December.
Net income plunged 11% from a year ago to $844.9 million, and diluted earnings per share eased to $2.61 from $2.82 a year ago.
The company closed sales of 19,059 homes, while net sales orders amounted to 17,837 homes.
D.R. Horton repurchased 6.8 million shares of common stock for $1.1 billion and paid cash dividends totaling $128.5 million.
The home builder declared a quarterly cash dividend of 40 cents per share payable on February 14 to shareholders on record February 7.
Jan 21, 2025 - 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
| 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 |