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Dec 31, 2019
D.R. Horton Q1 2020 Earnings Report
D.R. Horton reported earnings for Q1 2020 with EPS of $1.16.
Key Takeaways
D.R. Horton's first quarter fiscal 2020 results showed significant growth. Net income per diluted share increased 53% to $1.16, and net income attributable to D.R. Horton increased 50% to $431.3 million. Consolidated revenues rose by 14% to $4.0 billion, and consolidated pre-tax income increased by 39% to $523.3 million.
Net income per diluted share increased 53% to $1.16.
Net income attributable to D.R. Horton increased 50% to $431.3 million.
Consolidated revenues increased 14% to $4.0 billion.
Consolidated pre-tax income increased 39% to $523.3 million.
D.R. Horton
D.R. Horton
D.R. Horton Revenue by Segment
Forward Guidance
The company updated its fiscal year 2020 guidance.
Positive Outlook
- Consolidated revenues of $18.5 billion to $19.1 billion
- Homes closed in the range of 60,000 homes and 61,500 homes
- Income tax rate between 23% and 24% for the second, third and fourth quarters of fiscal 2020
- Cash flow from homebuilding operations in excess of $1.0 billion
- Outstanding share count at end of fiscal 2020 down approximately 2% from end of fiscal 2019
Revenue & Expenses
Visualization of income flow from segment revenue to net income