earnings
confidence high
sentiment positive
materiality 0.85
D.R. Horton Q3 EPS up 53% to $4.67; revenue rises 21% to $8.8B; 24% cancellation rate
HORTON D R INC /DE/
2022-Q3 EPS reported
$11.85
revenue$23,840,600,000
- Net income attributable to D.R. Horton rose 48% to $1.6B; diluted EPS $4.67 vs $3.06 YoY.
- Home closings down 1% to 21,308 homes; net sales orders fell 7% in homes but up 8% in value to $6.9B.
- Consolidated pre-tax profit margin improved 540 bps to 24.8%; ROE 35.1%, homebuilding ROI 41.7%.
- Q3 share repurchases totaled 4.7M shares for $310M; quarterly dividend declared at $0.225/share.
- Fiscal 2022 guidance updated: consolidated revenues $33.8B-$34.6B, homes closed 83,000-85,000.