D.R. Horton Q2 2024 Earnings Report
Key Takeaways
D.R. Horton reported a strong second quarter in fiscal year 2024, with net income increasing by 24% to $1.2 billion and revenues increasing by 14% to $9.1 billion. The company's performance was driven by increased home closings and net sales orders.
Net income increased 24% to $1.2 billion, or $3.52 per diluted share.
Consolidated revenues increased 14% to $9.1 billion.
Homes closed increased 15% to 22,548 homes.
Net sales orders increased 14% to 26,456 homes.
D.R. Horton
D.R. Horton
D.R. Horton Revenue by Segment
D.R. Horton Revenue by Geographic Location
Forward Guidance
D.R. Horton updated its fiscal year 2024 guidance, anticipating consolidated revenues between $36.7 billion and $37.7 billion and home closings by homebuilding operations between 89,000 and 91,000 homes. They also expect to repurchase approximately $1.6 billion in shares and an income tax rate between 23.5% and 24.0%.
Positive Outlook
- Consolidated revenues of approximately $36.7 billion to $37.7 billion
- Homes closed by homebuilding operations of 89,000 homes to 91,000 homes
- Share repurchases of approximately $1.6 billion
- Income tax rate of approximately 23.5% to 24.0%
- Cash flow provided by homebuilding operations of approximately $3.0 billion
Revenue & Expenses
Visualization of income flow from segment revenue to net income