earnings
confidence high
sentiment positive
materiality 0.75
D.R. Horton Q3 EPS $4.10 (+5% YoY), revenue $10B (+2%), declares $0.30 dividend, new $4B buyback
HORTON D R INC /DE/
2024-Q3 EPS reported
$10.43
revenue$26,798,800,000
- Diluted EPS $4.10 on net income $1.35B; revenue $10.0B (+2%); homes closed 24,155 (+5%).
- Homebuilding pre-tax margin 17.0%; rental ops pre-tax income $64.2M vs $162.1M YoY.
- Declared $0.30/share dividend payable Aug 8; repurchased 3.0M shares for $441.4M in Q3.
- New $4.0B share repurchase authorization; FY2024 guidance: revenue $36.8-37.2B, 90k-90.5k closings.
- Liquidity $5.8B; debt-to-capital 18.8%; ROE 21.5%, homebuilding ROI 29.5%.