D.R. Horton Q1 2025 Earnings Report
Key Takeaways
D.R. Horton reported a decrease in net income and revenue for the first quarter of fiscal year 2025 compared to the same quarter of fiscal year 2024. Despite these declines, the company maintained a strong pre-tax profit margin and returned significant capital to shareholders through share repurchases and dividends.
Net income attributable to D.R. Horton was $844.9 million, or $2.61 per diluted share.
Consolidated revenues totaled $7.6 billion.
Net sales orders reached 17,837 homes with an order value of $6.7 billion.
The company repurchased 6.8 million shares of common stock for $1.1 billion and paid cash dividends of $128.5 million.
D.R. Horton
D.R. Horton
D.R. Horton Revenue by Segment
D.R. Horton Revenue by Geographic Location
Forward Guidance
D.R. Horton reiterated its guidance for fiscal year 2025, including consolidated revenues of approximately $36.0 billion to $37.5 billion and homes closed by homebuilding operations of 90,000 homes to 92,000 homes. The company is updating its fiscal 2025 guidance for income tax rate of approximately 24.0% and share repurchases in the range of $2.6 billion to $2.8 billion.
Positive Outlook
- Consolidated revenues of approximately $36.0 billion to $37.5 billion
- Homes closed by homebuilding operations of 90,000 homes to 92,000 homes
- Consolidated cash flow provided by operations greater than fiscal 2024
- Dividend payments of approximately $500 million
- Share repurchases in the range of $2.6 billion to $2.8 billion
Challenges Ahead
- No specific negative guidance was provided in the summary.
- No specific negative guidance was provided in the summary.
- No specific negative guidance was provided in the summary.
- No specific negative guidance was provided in the summary.
- No specific negative guidance was provided in the summary.
Revenue & Expenses
Visualization of income flow from segment revenue to net income