D.R. Horton Inc. - DHI STOCK NEWS

D.R. Horton (NYSE:DHI), America's Builder, has announced the release date for its 2024 fourth quarter and fiscal year-end earnings. The financial results will be disclosed on Tuesday, October 29, 2024, before the market opens. The company will host a conference call at 8:30 a.m. Eastern Time on the same day. Investors can dial in at 888-506-0062 using access code 584166. The call will also be webcast from the company's investor relations website. A replay of the call will be available after 12:30 p.m. ET, accessible via phone at 877-481-4010 (replay passcode 51206) until November 5, 2024, and through the website until January 31, 2025.

D.R. Horton (NYSE:DHI), America's Builder, has announced the pricing of a $700 million registered underwritten public offering of 5.000% senior notes due 2034. The notes will pay interest semi-annually and mature on October 15, 2034. The offering is expected to close on August 14, 2024, subject to customary conditions. The company plans to use the net proceeds for general corporate purposes, including repaying $500 million of 2.500% notes due 2024. Several major financial institutions are acting as Joint Book-Running Managers for the transaction. D.R. Horton has filed a registration statement with the SEC for this offering, and interested investors are advised to read the prospectus and related documents for complete information.

Forestar Group Inc. (NYSE: FOR) reported its fiscal 2024 third quarter results. Net income decreased 17% to $38.7 million, or $0.76 per diluted share. Revenues decreased 14% to $318.4 million. The company sold 3,255 lots, a 15% decrease from the previous year. However, for the nine months ended June 30, 2024, net income increased 29% to $121.8 million, and revenues increased 8% to $958.0 million.

Forestar's lot position increased 40% to 102,100 lots. The company's return on equity expanded 190 basis points to 13.8%. Forestar ended the quarter with $744.4 million in total liquidity and a net debt to total capital ratio of 18.7%. For fiscal 2024, Forestar now expects to deliver between 14,600 and 15,100 lots, generating $1.4 billion to $1.5 billion in revenue.

D.R. Horton, Inc. (NYSE:DHI) reported strong fiscal 2024 third quarter results, with earnings per diluted share increasing 5% to $4.10 on net income of $1.4 billion. Consolidated revenues rose 2% to $10.0 billion, while homes closed increased 5% to 24,155. The company's return on equity was 21.5% for the trailing twelve months ended June 30, 2024. D.R. Horton maintained a strong liquidity position with $5.8 billion in total liquidity. The company also declared a quarterly dividend of $0.30 per share and announced a new $4.0 billion share repurchase authorization. Despite elevated inflation and mortgage rates, D.R. Horton remains well-positioned with its affordable product offerings and flexible lot supply.

Forestar Group (NYSE: FOR) will announce its financial results for Q3 2024 on July 18, 2024, before the market opens. A conference call to discuss these results is scheduled for the same day at 5:00 p.m. ET. The call will be accessible via the dial-in number 888-506-0062 with access code 893213, and a webcast will be available on Forestar's investor website. A replay of the call will be available starting from 7:00 p.m. ET on July 18, 2024, until July 25, 2024, via 877-481-4010 with replay passcode 50732. Additionally, the webcast replay will be accessible on the website until November 15, 2024.

D.R. Horton (NYSE:DHI), a leading homebuilder, will release its Q3 2024 financial results on July 18, 2024, before the market opens. The results will cover the quarter ending June 30, 2024. A conference call is scheduled for 8:30 a.m. ET on the same day, accessible via 888-506-0062 with access code 956414. Participants are advised to join five minutes early. The call will also be webcast on the company’s investor relations site, and a replay will be accessible at 877-481-4010 using passcode 50731. The teleconference replay will be available until July 25, 2024, and the webcast replay will be available until November 15, 2024.

Forestar Group Inc. reported strong financial results for the second fiscal quarter of 2024, with net income increasing by 67% to $45.0 million, pre-tax income up by 64% to $58.9 million, and consolidated revenues rising by 11% to $333.8 million. Residential lots sold increased by 10% to 3,289 lots, and return on equity expanded by 320 basis points to 14.9%. The company's operational results showed growth in lots sold and controlled, with a positive outlook for future revenue generation and market share consolidation.

D.R. Horton, Inc. reported strong fiscal 2024 second-quarter earnings with a 24% increase in net income to $1.2 billion and a 14% rise in consolidated revenues to $9.1 billion. The company also declared a quarterly dividend of $0.30 per share. Homebuilding operations saw revenue increase by 13% to $8.5 billion, with 22,548 homes closed. Rental operations generated $33.3 million in pre-tax income. Forestar, a subsidiary, sold 3,289 lots and generated $333.8 million in revenue. Financial services revenue was $225.6 million. The company repurchased 2.7 million shares of common stock for $402.2 million. D.R. Horton updated its fiscal 2024 guidance with consolidated revenues of $36.7 billion to $37.7 billion and homes closed by homebuilding operations of 89,000 to 91,000 homes.

Forestar Group Inc. (FOR) will release its Q2 financial results on April 18, 2024, followed by a conference call. The call details and webcast information are provided for participants' convenience.