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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.
D.R. Horton
D.R. Horton
D.R. Horton Revenue by Segment
Revenue by Segment
Home Sales Revenue
CapyFin.comFinancial Services Revenue
CapyFin.com 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