D.R. Horton Q2 EPS $2.73 (down 32% YoY); pre-tax margin 15.6% vs 23.5%; orders down 5%

HORTON D R INC /DE/

2023-Q2 EPS reported $5.50 revenue$15,230,600,000

Net income $942.2M ($2.73/diluted) vs $1.4B ($4.03) YoY; revenue $8.0B flat vs prior year.
Home closings 19,664 (-1%); net sales orders 23,142 homes, down 5% in units and 11% in value.
Pre-tax profit margin 15.6% (down from 23.5%) on 730 bps home sales gross margin compression.
Quarterly dividend $0.25/share, payable May 10, record May 3; new $1B share repurchase authorization.
FY2023 guidance: consolidated revenue $31.5-33.0B, homes closed 77,000-80,000.

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 0.99

HORTON D R INC /DE/ reported fiscal 2023 second quarter ended March 31, 2023 results: revenue $8.0 billion, net income $942.2 million, EPS $2.73 per diluted share.

Period: fiscal 2023 second quarter ended March 31, 2023
Revenue: $8.0 billion
Net income: $942.2 million
EPS: $2.73 per diluted share
Result: reported results

Exact text from the filing

to D.R. Horton of $942.2 million or $2.73 per diluted share • Consolidated pre-tax income of $1.2 billion, with a pre-tax profit margin of 15.6% • Consolidated revenues of $8.0 billion • Home sales revenues of $7.4 billion on 19,664 homes closed • Net sales orders of 23,142 homes, with an order value of $8.6 billion • Rental operations pre-tax income of $34.6

View on SEC.gov

22 earnings releases filed in the last 30 days. Browse all earnings releases →

HORTON D R INC /DE/ filing history →

Source: SEC EDGAR

accession 0000882184-23-000080

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.