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Sep 30, 2020
D.R. Horton Q4 2020 Earnings Report
Net income and revenue increased driven by a rise in home sales.
Key Takeaways
D.R. Horton reported a strong fourth quarter for fiscal year 2020, with net income attributable to D.R. Horton increasing 64% to $829.0 million and consolidated revenues increasing 27% to $6.4 billion compared to the same quarter of fiscal 2019. Net sales orders increased 81% to 23,726 homes and 84% in value to $7.3 billion. The company is well-positioned for another great year in fiscal 2021.
Net income attributable to D.R. Horton increased 64% to $829.0 million, or $2.24 per diluted share.
Consolidated revenues increased 27% to $6.4 billion.
Net sales orders increased 81% to 23,726 homes and 84% in value to $7.3 billion.
Homes closed increased 26% to 20,248 homes and 28% in value to $6.1 billion.
Revenue by Segment
Forward Guidance
D.R. Horton provided initial guidance for fiscal 2021 including consolidated revenues of $24.0 billion to $25.0 billion, homes closed between 77,000 homes and 80,000 homes, and an income tax rate of approximately 24%.
Positive Outlook
- Consolidated revenues of $24.0 billion to $25.0 billion
- Homes closed between 77,000 homes and 80,000 homes
- Income tax rate of approximately 24%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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