D.R. Horton Q1 EPS $2.76, down 13% YoY; net sales orders fall 38%

HORTON D R INC /DE/

2023-Q1 EPS reported $2.76 revenue$7,257,800,000

Net income $958.7M ($2.76 diluted EPS) vs $1.1B ($3.17) in prior year Q1.
Home sales revenue $6.74B (+1% YoY) on 17,340 homes closed (-6%).
Net sales orders 13,382 homes, down 38% in value to $4.9B; cancellation rate 27% vs 15%.
Backlog 15,759 homes, down 46% from 29,347; unsold inventory 27,800 homes.
Declares quarterly dividend $0.25/share payable Feb 14; repurchased 1.4M shares for $118.1M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HORTON D R INC /DE/ reported first fiscal quarter ended December 31, 2022 results: revenue $7.3 billion, net income $958.7 million, EPS $2.76 per diluted share.

Period: first fiscal quarter ended December 31, 2022
Revenue: $7.3 billion
Net income: $958.7 million
EPS: $2.76 per diluted share
Result: reported results

Exact text from the filing

Horton of $958.7 million or $2.76 per diluted share • Consolidated pre-tax income of $1.3 billion, with a pre-tax profit margin of 17.5% • Consolidated revenues increased 3% to $7.3 billion • Home sales revenues increased 1% to $6.7 billion on 17,340 homes closed • Rental operations pre-tax income of $110.3 million on $327.5 million of revenues from sales of 694

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Source: SEC EDGAR

accession 0000882184-23-000011

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