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Jun 30, 2024
D.R. Horton Q3 2024 Earnings Report
D.R. Horton reported strong results driven by limited supply and favorable demographics.
Key Takeaways
D.R. Horton's third quarter fiscal 2024 saw a 5% increase in earnings per diluted share to $4.10. Consolidated revenues increased by 2% to $10.0 billion, and net income attributable to D.R. Horton increased by 1% to $1.35 billion.
Earnings per diluted share increased 5% to $4.10.
Consolidated revenues increased 2% to $10.0 billion.
Homes closed increased 5% to 24,155 homes.
Net income attributable to D.R. Horton increased 1% to $1.35 billion.
D.R. Horton
D.R. Horton
D.R. Horton Revenue by Segment
D.R. Horton Revenue by Geographic Location
Revenue by Segment
Home Sales Revenue
CapyFin.comLand and Lot Sales Revenue
CapyFin.comFinancial 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
D.R. Horton is updating its fiscal 2024 guidance with consolidated revenues of approximately $36.8 billion to $37.2 billion and homes closed by homebuilding operations of 90,000 homes to 90,500 homes. The company reiterates its fiscal 2024 guidance for cash flow provided by homebuilding operations of approximately $3.0 billion.
Positive Outlook
- Consolidated revenues of approximately $36.8 billion to $37.2 billion.
- Homes closed by homebuilding operations of 90,000 homes to 90,500 homes.
- Cash flow provided by homebuilding operations of approximately $3.0 billion.
- Well-positioned with affordable product offerings and flexible lot supply.
- Focused on maximizing returns in each of our communities.
Challenges Ahead
- Inflation remains elevated.
- Mortgage interest rates remain elevated.
- Cyclical nature of the homebuilding industry.
- Potential adverse developments affecting the capital markets.
- Supply shortages and other risks of acquiring land, building materials and skilled labor.
Revenue & Expenses
Visualization of income flow from segment revenue to net income