---
schema_version: "secwatch.filing_event.v1"
accession: "0000882184-23-000011"
form_type: "8-K"
ticker: "DHI"
cik: "0000882184"
company_name: "HORTON D R INC /DE/"
filed_at: "2023-01-24T23:59:59+00:00"
generated_at: "2026-06-20T11:20:39.844913+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000882184-23-000011
- form_type: 8-K
- ticker: DHI
- cik: 0000882184
- company_name: HORTON D R INC /DE/
- filed_at: 2023-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/882184/000088218423000011/0000882184-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/882184/000088218423000011/dhi-20230124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000882184-23-000011
- JSON: https://secwatch.observer/filing/0000882184-23-000011.json
- Plain text: https://secwatch.observer/filing/0000882184-23-000011.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/882184/000088218423000011/0000882184-23-000011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.