8-K
filed July 20, 2023, 7:59 PM ET
ticker DHI
CIK 0000882184
earnings
confidence high
sentiment neutral
materiality 0.70
D.R. Horton Q3 EPS $3.90, revenue up 11% to $9.7B, orders surge 37%
HORTON D R INC /DE/
2023-Q3 EPS reported
$9.39
revenue$24,956,400,000
- Net income $1.3B ($3.90 diluted EPS) vs $1.6B ($4.67) in prior-year quarter; down 19% and 16% respectively.
- Consolidated revenues $9.7B (+11% YoY); home closings 22,985 homes (+8%), net sales orders 22,879 homes (+37%).
- Rental operations pre-tax income $162.1M on $667.1M revenue vs $42.6M on $109.7M a year ago.
- Declared quarterly cash dividend $0.25 per share, payable Aug 14, 2023 to holders of record Aug 7.
- Updated FY2023 guidance: consolidated revenues $34.7-35.1B; homes closed 82,800-83,300.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
HORTON D R INC /DE/ reported nine months ended June 30, 2023 results: revenue $22.9 billion, net income $3.2 billion, EPS $9.39 per diluted share. Guidance reaffirmed.
- Period
- nine months ended June 30, 2023
- Revenue
- $22.9 billion
- Net income
- $3.2 billion
- EPS
- $9.39 per diluted share
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
For the nine months ended June 30, 2023, net income per common share attributable to D.R. Horton decreased 21% to $9.39 per diluted share compared to $11.85 per diluted share in the same period of fiscal 2022. Net income attributable to D.R. Horton for the nine months ended June 30, 2023 decreased 23% to $3.2 billion compared to $4.2 billion in the same period of fiscal 2022. Homebuilding revenue for the first nine months of fiscal 2023 increased 2% to $22.9 billion compared to $22.5 billion in the same period of fiscal 2022.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
HORTON D R INC /DE/ reported fiscal 2023 results: revenue $34.7 billion to $35.1 billion. Guidance reaffirmed.
- Period
- fiscal 2023
- Revenue
- $34.7 billion to $35.1 billion
- Guidance
- reaffirmed
- Result
- guidance update
Exact text from the filing
Based on current market conditions and the Company's results for the first nine months of the year, D.R. Horton is updating its fiscal 2023 guidance as follows: • Consolidated revenues in a range from $34.7 billion to $35.1 billion
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
HORTON D R INC /DE/ reported third quarter ended June 30, 2023 results: revenue $9.7 billion, net income $1.3 billion, EPS $3.90 per diluted share. Guidance reaffirmed.
- Period
- third quarter ended June 30, 2023
- Revenue
- $9.7 billion
- Net income
- $1.3 billion
- EPS
- $3.90 per diluted share
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
Horton of $1.3 billion or $3.90 per diluted share • Consolidated pre-tax income of $1.8 billion, with a pre-tax profit margin of 18.3% • Consolidated revenues increased 11% to $9.7 billion • Homes closed increased 8% to 22,985 homes and 4% in value to $8.7 billion • Net sales orders increased 37% to 22,879 homes and 26% in value to $8.7 billion • Rental operations
View on SEC.gov
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