---
schema_version: "secwatch.filing_event.v1"
accession: "0000882184-23-000080"
form_type: "8-K"
ticker: "DHI"
cik: "0000882184"
company_name: "HORTON D R INC /DE/"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T23:09:48.494285+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000882184-23-000080
- form_type: 8-K
- ticker: DHI
- cik: 0000882184
- company_name: HORTON D R INC /DE/
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/882184/000088218423000080/0000882184-23-000080-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/882184/000088218423000080/dhi-20230420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000882184-23-000080
- JSON: https://secwatch.observer/filing/0000882184-23-000080.json
- Plain text: https://secwatch.observer/filing/0000882184-23-000080.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/882184/000088218423000080/0000882184-23-000080-index.htm

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