earnings
confidence high
sentiment positive
materiality 0.85
D.R. Horton Q4 EPS $4.45, revenue up 9% to $10.5B; raises dividend 20% to $0.30/share
HORTON D R INC /DE/
2023-FY EPS reported
$13.82
revenue$35,460,400,000
- Q4 net income $1.5B ($4.45 diluted) vs $1.6B ($4.67) YoY; consolidated revenue $10.5B (+9%).
- Net sales orders up 39% to 18,939 homes; cancellation rate improved to 21% from 32%.
- FY2023 net income $4.7B ($13.82 diluted) on revenue $35.5B (+6%); operating cash flow $4.3B.
- Quarterly dividend increased 20% to $0.30/share, payable Nov 28 to holders of record Nov 21.
- FY2024 guidance: consolidated revenue $36-37B, 86,000-89,000 home closings; new $1.5B buyback auth.