•
Mar 31, 2022
D.R. Horton Q2 2022 Earnings Report
D.R. Horton reported an increase in net income and revenue for the second quarter of fiscal year 2022.
Key Takeaways
D.R. Horton reported strong second-quarter results, with a 59% increase in EPS to $4.03 and a 55% increase in net income to $1.4 billion. Consolidated revenues increased by 24% to $8.0 billion, and the pre-tax profit margin improved to 23.5%.
Net income per diluted share increased 59% to $4.03.
Net income attributable to D.R. Horton increased 55% to $1.4 billion.
Consolidated revenues increased 24% to $8.0 billion.
Consolidated pre-tax income increased 60% to $1.9 billion.
D.R. Horton
D.R. Horton
D.R. Horton Revenue by Segment
Forward Guidance
D.R. Horton is updating its fiscal 2022 guidance based on current market conditions and the Company’s results for the first half of fiscal 2022.
Positive Outlook
- Consolidated revenues in a range from $35.3 billion to $36.1 billion
- Homes closed between 88,000 and 90,000 homes
- Income tax rate of approximately 24%
- Outstanding share count at the end of fiscal 2022 approximately 3% lower than at the end of fiscal 2021
- Company plans to also provide guidance for its third quarter of fiscal 2022 on its conference call today.