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Jun 30, 2021
D.R. Horton Q3 2021 Earnings Report
Net income per diluted share increased and consolidated revenues grew.
Key Takeaways
D.R. Horton reported a strong third quarter in fiscal year 2021, with a 78% increase in EPS to $3.06 per diluted share. Consolidated pre-tax income increased by 81% to $1.4 billion, driven by a 35% increase in revenues to $7.3 billion and a 490 basis point improvement in the pre-tax profit margin to 19.4%.
Net income per diluted share increased 78% to $3.06.
Net income attributable to D.R. Horton increased 77% to $1.1 billion.
Consolidated revenues increased 35% to $7.3 billion.
Consolidated pre-tax income increased 81% to $1.4 billion.
D.R. Horton
D.R. Horton
D.R. Horton Revenue by Segment
D.R. Horton Revenue by Geographic Location
Forward Guidance
D.R. Horton is updating its fiscal 2021 guidance based on current market conditions and the company's results for the first nine months of fiscal 2021.
Positive Outlook
- Consolidated revenues of $27.6 billion to $28.1 billion
- Homes closed between 83,000 homes and 84,500 homes
- Outstanding share count at the end of fiscal 2021 approximately 2% lower than at the end of fiscal 2020