---
schema_version: "secwatch.filing_event.v1"
accession: "0000882184-23-000089"
form_type: "8-K"
ticker: "DHI"
cik: "0000882184"
company_name: "HORTON D R INC /DE/"
filed_at: "2023-07-20T23:59:59+00:00"
generated_at: "2026-06-13T06:02:58.825502+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# D.R. Horton Q3 EPS $3.90, revenue up 11% to $9.7B, orders surge 37%

## Summary
- 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.

## SEC filing metadata
- accession: 0000882184-23-000089
- form_type: 8-K
- ticker: DHI
- cik: 0000882184
- company_name: HORTON D R INC /DE/
- filed_at: 2023-07-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/882184/000088218423000089/0000882184-23-000089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/882184/000088218423000089/dhi-20230720.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000882184-23-000089
- JSON: https://secwatch.observer/filing/0000882184-23-000089.json
- Plain text: https://secwatch.observer/filing/0000882184-23-000089.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/882184/000088218423000089/0000882184-23-000089-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/882184/000088218423000089/0000882184-23-000089-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/882184/000088218423000089/0000882184-23-000089-index.htm

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