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Dec 31, 2023
D.R. Horton Q1 2024 Earnings Report
D.R. Horton reported solid results, with increased revenues and net sales orders.
Key Takeaways
D.R. Horton reported a 6% increase in consolidated revenues to $7.7 billion and a 35% increase in net sales orders. Net income attributable to D.R. Horton was $947.4 million, or $2.82 per diluted share.
Net income attributable to D.R. Horton was $947.4 million or $2.82 per diluted share.
Consolidated revenues increased 6% to $7.7 billion.
Net sales orders increased 35% to 18,069 homes.
Homebuilding revenue increased 8% to $7.3 billion.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
D.R. Horton is updating its fiscal 2024 guidance based on current market conditions and the Company’s results for the first quarter of fiscal 2024.
Positive Outlook
- Consolidated revenues of approximately $36.0 billion to $37.3 billion
- Homes closed by homebuilding operations of 87,000 homes to 90,000 homes
- Cash flow provided by homebuilding operations of approximately $3.0 billion
- Share repurchases of approximately $1.5 billion
- Income tax rate of approximately 24.0%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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