D.R. Horton Q1 EPS $2.82 (+2% YoY), revenue $7.7B (+6%), orders jump 35%

HORTON D R INC /DE/

2024-Q1 EPS reported $2.82 revenue$7,726,000,000

Net income $947.4M ($2.82/diluted share) vs $958.7M ($2.76) in prior year quarter.
Consolidated revenues up 6% to $7.7B; homes closed up 12% to 19,340 homes.
Net sales orders surged 35% to 18,069 homes; cancellation rate improved to 19% from 27%.
Declared quarterly dividend $0.30/share payable Feb 13 to holders of record Feb 6.
Updated FY2024 guidance: revenue $36.0-37.3B, homes closed 87,000-90,000; reiterates $3B operating cash flow.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HORTON D R INC /DE/ reported first quarter ended December 31, 2023 results: revenue $7.7 billion, net income $947.4 million, EPS $2.82 per diluted share.

Period: first quarter ended December 31, 2023
Revenue: $7.7 billion
Net income: $947.4 million
EPS: $2.82 per diluted share
Result: reported results

Exact text from the filing

Horton of $947.4 million or $2.82 per diluted share • Consolidated pre-tax income of $1.2 billion, with a pre-tax profit margin of 16.1% • Consolidated revenues increased 6% to $7.7 billion • Homes closed increased 12% to 19,340 homes and 8% in value to $7.3 billion • Net sales orders increased 35% to 18,069 homes and 38% in value to $6.8 billion • Rental operations

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Source: SEC EDGAR

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