secwatch.observer — SEC 8-K summary
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Issuer:     HORTON D R INC /DE/ (DHI)
CIK:        0000882184
Form:       8-K
Filed at:   2023-01-24T23:59:59+00:00
Accession:  0000882184-23-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/882184/000088218423000011/0000882184-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/882184/000088218423000011/dhi-20230124.htm
  HTML page:      https://secwatch.observer/filing/0000882184-23-000011

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