D.R. Horton Q2 EPS $3.52 beats $2.73; revenue $9.1B +14%; guides FY revenue $36.7-37.7B

HORTON D R INC /DE/

2024-Q2 EPS reported $6.34 revenue$16,833,100,000

Net income increased 24% to $1.2B; diluted EPS $3.52 vs $2.73.
Consolidated revenues up 14% to $9.1B; homes closed increased 15% to 22,548.
Net sales orders up 14% to 26,456 homes; cancellation rate improved to 15% from 18%.
FY 2024 guidance raised: revenue $36.7-37.7B, homes closed 89k-91k, share repurchases ~$1.6B.
Quarterly dividend declared of $0.30 per share, payable May 9 to holders of record May 2.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

HORTON D R INC /DE/ reported second quarter ended March 31, 2024 results: revenue $9.1 billion, net income $1.2 billion, EPS $3.52 per diluted share. Guidance raised.

Period: second quarter ended March 31, 2024
Revenue: $9.1 billion
Net income: $1.2 billion
EPS: $3.52 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

billion or $3.52 per diluted share • Consolidated pre-tax income increased 23% to $1.5 billion, with a pre-tax profit margin of 16.8% • Consolidated revenues increased 14% to $9.1 billion • Homes closed increased 15% to 22,548 homes and 14% in value to $8.5 billion • Net sales orders increased 14% to 26,456 homes and 17% in value to $10.1 billion • Rental

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Source: SEC EDGAR

accession 0000882184-24-000022

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