secwatch.observer — SEC 8-K summary
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Issuer:     HORTON D R INC /DE/ (DHI)
CIK:        0000882184
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0000882184-23-000080
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/882184/000088218423000080/0000882184-23-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/882184/000088218423000080/dhi-20230420.htm
  HTML page:      https://secwatch.observer/filing/0000882184-23-000080

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