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Mar 31, 2020
D.R. Horton Q2 2020 Earnings Report
Net income and revenue increased compared to the prior year quarter.
Key Takeaways
D.R. Horton reported a strong second quarter for fiscal year 2020, with net income attributable to D.R. Horton increasing by 37% to $482.7 million and consolidated revenues increasing by 9% to $4.5 billion compared to the same quarter of fiscal 2019. The company's net income per diluted share increased 40% to $1.30. The company is adjusting to changing market conditions due to the COVID-19 pandemic.
Net income per diluted share increased 40% to $1.30.
Net income attributable to D.R. Horton increased 37% to $482.7 million.
Consolidated revenues increased 9% to $4.5 billion.
Net sales orders increased 20% to 20,087 homes and 22% in value to $6.0 billion.
D.R. Horton
D.R. Horton
D.R. Horton Revenue by Segment
D.R. Horton Revenue by Geographic Location
Revenue by Segment
Financial Services Revenue
CapyFin.comRevenue by Geographic Location
Northwest Revenue
CapyFin.comSouthwest Revenue
CapyFin.comSouth Central Revenue
CapyFin.comSoutheast Revenue
CapyFin.comEast Revenue
CapyFin.comNorth Revenue
CapyFin.com Forward Guidance
Due to the current uncertainty in the U.S. economy and the Company's business operations resulting from COVID-19, the Company has withdrawn its previously issued fiscal 2020 guidance.