earnings
confidence high
sentiment positive
materiality 0.80
D.R. Horton Q2 FY2022 EPS $4.03 (+59% YoY), revenue $8.0B (+24%), raises FY guidance
HORTON D R INC /DE/
2022-Q2 EPS reported
$7.20
revenue$15,052,400,000
- EPS $4.03 diluted (+59% YoY), net income $1.4B (+55%); pre-tax margin 23.5% (up 520 bps).
- Consolidated revenue $8.0B (+24%); home sales revenue $7.5B (+22%) on 19,828 homes closed (+1%).
- Net sales orders: 24,340 homes (-10% units) but +10% value to $9.7B; cancellation rate 16%.
- Quarterly dividend declared $0.225/share, payable May 18; repurchased 3.1M shares for $266M in Q2.
- FY2022 guidance: revenue $35.3B-$36.1B, homes closed 88,000-90,000; share count down ~3% YoY.