D.R. Horton, Inc.'s Stock Analysis

D.R. Horton Reports Q3 2025 Earnings and Dividend Declaration

D.R. Horton, Inc. reported a net income of $1.0 billion for the third quarter of fiscal 2025, translating to $3.36 per diluted share, a decrease of 18% from the same quarter in the previous year. Consolidated revenues fell by 7% to $9.2 billion, with home sales revenues at $8.6 billion from 23,160 homes closed. The company's net sales orders were 23,071 homes, valued at $8.4 billion, while cash provided by operations for the nine months ending June 30, 2025, was $949.1 million, with a consolidated cash balance of $2.6 billion and total liquidity of $5.5 billion. The company also repurchased 9.7 million shares for $1.2 billion and declared a quarterly dividend of $0.40 per share, payable on August 14, 2025.

For the nine months ended June 30, 2025, D.R. Horton experienced a 23% decrease in net income to $2.7 billion, with consolidated revenues of $24.6 billion, down 8% year-over-year. The homebuilding segment reported a 7% decline in revenue, while the rental operations saw a decrease in pre-tax income and revenues. The company’s return on equity stood at 16.1%, and its debt to total capital ratio was 23.2%. D.R. Horton also highlighted ongoing challenges in new home demand due to affordability constraints and cautious consumer sentiment, while maintaining a disciplined approach to capital allocation and returning capital to shareholders.

Jul 22, 2025 11:26:54

D.R. Horton Reports Second Quarter Earnings and Declares Dividend

D.R. Horton, Inc. reported net income of $810.4 million, or $2.58 per diluted share, for its second fiscal quarter ended March 31, 2025, marking a decrease of 31% compared to the same quarter last year. Consolidated revenues also fell 15% to $7.7 billion, driven by a 15% decline in home sales revenues. The company closed 19,276 homes during the quarter and reported net sales orders of 22,437 homes valued at $8.4 billion. D.R. Horton maintained a strong balance sheet, with cash and cash equivalents totaling $2.5 billion and total liquidity of $5.8 billion, while also announcing a quarterly dividend of $0.40 per share payable on May 9, 2025.

During the first six months of fiscal 2025, D.R. Horton experienced a 22% drop in net income to $1.7 billion and a 9% decline in consolidated revenues to $15.3 billion. The company repurchased 9.7 million shares for $1.3 billion in the second quarter and has a new share repurchase authorization of $5.0 billion. D.R. Horton’s return on equity was reported at 17.4%, and the company continues to focus on operational efficiency and shareholder returns amidst a challenging market environment characterized by cautious homebuyer sentiment.

Apr 17, 2025 11:26:40

D.R. Horton Reports $844.9 Million Net Income in Q1 2025

D.R. Horton, Inc. reported a net income of $844.9 million for the first quarter of fiscal 2025, translating to $2.61 per diluted share. The company achieved consolidated revenues of $7.6 billion and pre-tax income of $1.1 billion, with a pre-tax profit margin of 14.6%. D.R. Horton also returned $1.2 billion to shareholders through share repurchases and dividends, indicating a strong commitment to shareholder returns. The company maintains a robust liquidity position with $6.5 billion available, while its debt to total capital ratio stands at 17.0%. Additionally, the cancellation rate for sales orders improved slightly to 18% from the previous year's 19%.

Conversely, the company experienced a decline in net income and revenues compared to the same quarter in fiscal 2024, with net income decreasing 11% and consolidated revenues down 1%. Homebuilding revenue also fell by 2%, and homes closed declined by 1%. The company's rental operations saw a significant drop in pre-tax income, falling from $31.3 million to $11.9 million, and Forestar's revenue from lot sales decreased as well. The backlog of homes under contract decreased by 21%, which may indicate challenges in future sales. Overall, while D.R. Horton demonstrated solid performance in several areas, it faced headwinds in revenue and income metrics.

Jan 21, 2025 13:08:42

Company Files Financial Statements with Securities Exchange Act

The company has submitted its financial statements as required by the Securities Exchange Act of 1934, indicating compliance with regulatory standards. This filing reflects the company's ongoing commitment to transparency and accountability in its financial reporting.

However, the release does not provide any specific financial metrics or performance outcomes, leaving stakeholders without detailed insights into the company's current financial health. The lack of additional context may lead to uncertainty among investors regarding the company's future prospects.

Dec 23, 2024 17:11:02

Company Files Financial Statements for November 2024

The company has submitted its financial statements as required by the Securities Exchange Act of 1934, indicating compliance with regulatory obligations. This filing reflects the company's ongoing commitment to transparency in its financial reporting. There are no specific financial metrics or performance indicators mentioned in this press release, which limits insights into the company's current financial position or results. The absence of detailed financial information may leave stakeholders seeking more context regarding the company's performance.

Nov 01, 2024 16:15:55

D.R. Horton Reports Strong Earnings and Increased Dividend

D.R. Horton, Inc. has reported solid financial results for the fourth quarter and fiscal year 2024, with earnings per diluted share reaching $3.92 and a net income of $1.3 billion. The company experienced a 4% increase in annual earnings per share, totaling $14.34, and a 4% rise in consolidated revenues to $36.8 billion. Additionally, D.R. Horton has increased its quarterly dividend by 33% to $0.40 per share, reflecting a commitment to returning value to shareholders. The company also repurchased $1.8 billion of its common stock, reducing the number of outstanding shares by 3% over the year, which indicates a strong financial position and confidence in future performance.

However, some challenges remain, as the company noted a 5% decline in fourth-quarter revenues compared to the same period last year, and net income for the quarter was down from $1.5 billion in 2023. The cancellation rate for sales orders remained unchanged at 21%, and while net sales orders increased slightly, they fell short of expectations. D.R. Horton acknowledged ongoing affordability challenges and competitive market conditions, which have led some potential buyers to delay purchases. Despite these hurdles, the company maintains a strong inventory of homes and is focused on affordable offerings, positioning itself well for fiscal 2025.

Oct 29, 2024 11:45:37

D.R. Horton Strengthens Board with New Independent Directors

D.R. Horton, Inc. has announced the appointment of three new independent directors to its Board, enhancing its composition with diverse qualifications and experience. The new directors, Barbara R. Smith, M. Chad Crow, and Elaine D. Crowley, bring extensive backgrounds in various industries, including homebuilding, finance, and innovation. Their appointments increase the Board to ten members, with eight being independent, which reflects the company's commitment to strong governance and succession planning.

The new directors are expected to contribute valuable insights and leadership skills to D.R. Horton, aligning with the company's goal of providing housing for more families across the United States. Executive Chairman David V. Auld expressed confidence that these additions will positively impact the Board's culture and effectiveness, supporting D.R. Horton's ongoing commitment to excellence in the homebuilding sector.

Aug 28, 2024 13:22:20

D.R. Horton, Inc. Fiscal 2024 Q3 Earnings Report

D.R. Horton, Inc. reports a 5% increase in earnings per share and a 2% rise in consolidated revenues for the third quarter of fiscal 2024. The company experienced growth in homes closed, net sales orders, and rental operations pre-tax income. With a new $4.0 billion share repurchase authorization, strong liquidity, and low leverage, the company aims to enhance shareholder value. Despite challenges like inflation and mortgage rates, D.R. Horton remains optimistic due to limited housing supply and favorable demographics, honoring the legacy of its founder, Don Horton.

Jul 18, 2024 13:49:59

D.R. Horton Chairman Passes Away, Succession Plan Implemented

D.R. Horton, Inc. announces the passing of its Founder and Chairman, Donald R. Horton. Executive Vice Chairman, David V. Auld, appointed as Executive Chairman. The founder's decentralized operational strategy is noted for company success. Donald R. Horton was known for his commitment to employees, initiatives like summer camp, and disaster assistance. The company, America's largest homebuilder, will honor his legacy. Horton's impact on the industry and dedication to employees and families highlighted.

May 17, 2024 16:34:30

D.R. Horton Q2 2024 Earnings: Revenue and Net Income Surge

D.R. Horton's Q2 2024 results show a 14% revenue increase to $9.1 billion, with net income rising 24% to $1.2 billion. Home closings and sales orders also saw significant growth. The company's strong liquidity, low leverage, and focus on affordable housing position it well for the future. Despite challenges like inflation, D.R. Horton remains optimistic, increasing its fiscal 2024 guidance. Rental operations showed steady income, though slightly lower than the previous year. Share repurchases and dividends were notable, showcasing the company's commitment to shareholder value.

Apr 18, 2024 11:34:30