earnings
confidence high
sentiment positive
materiality 0.85
D.R. Horton Q4 EPS $3.70 (+65%), FY EPS $11.41 (+78%); dividend raised to $0.225
HORTON D R INC /DE/
2021-FY EPS reported
$11.41
revenue$27,774,200,000
- Net income attributable to D.R. Horton: Q4 $1.3B (EPS $3.70, +65% YoY); FY $4.2B (EPS $11.41, +78% YoY). Revenues Q4 $8.1B (+27%), FY $27.8B (+37%).
- Homes closed FY: 81,965 (+25% YoY). Q4 net sales orders 15,949 homes (-33%) due to intentional sales restriction. Backlog value $9.5B (+16%).
- Quarterly dividend raised 13% to $0.225/share, payable Dec 15, record Dec 6. Repurchased 10.4M shares for $874M during FY; remaining authorization $546.2M.
- FY2022 guidance: consolidated revenues $32.5B-$33.5B, homes closed 90k-92k homes, income tax rate ~24%.
- Rental operations reorganized into separate segment; Forestar pre-tax income up 84% Q4; homebuilding debt to capital ratio 17.8%.