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Jun 30, 2023
D.R. Horton Q3 2023 Earnings Report
D.R. Horton reported strong earnings in Q3 2023, with increased revenues and net sales orders.
Key Takeaways
D.R. Horton reported a strong Q3 2023 with an 11% increase in consolidated revenues to $9.7 billion and a 37% increase in net sales orders. Net income attributable to D.R. Horton was $1.3 billion, or $3.90 per diluted share.
Net income attributable to D.R. Horton was $1.3 billion, or $3.90 per diluted share.
Consolidated revenues increased 11% to $9.7 billion.
Net sales orders increased 37% to 22,879 homes.
Rental operations pre-tax income was $162.1 million on $667.1 million of revenues.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
D.R. Horton is updating its fiscal 2023 guidance based on current market conditions and the Company’s results for the first nine months of the year.
Positive Outlook
- Consolidated revenues in a range from $34.7 billion to $35.1 billion
- Homes closed between 82,800 and 83,300 homes
- Rental homes/units closed between 6,500 and 7,000 homes/units
- Cash provided by operations greater than $3.0 billion
Historical Earnings Impact
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Avg. Return Before/After Earnings
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