D.R. Horton, Inc. reports developments tied to its U.S. homebuilding, rental housing and homebuyer financial-services operations. Company updates commonly cover quarterly earnings, homes closed, net sales orders, cancellation rates, profit margins, liquidity, leverage, dividends and capital allocation.
The company builds and sells homes across a broad price range, constructs and sells single-family and multi-family rental properties, and provides mortgage financing, title services and insurance agency services for homebuyers. News also includes Forestar Group, D.R. Horton’s majority-owned publicly traded residential lot developer, whose lot inventory, development activity and contracts support the company’s controlled lot supply.
D.R. Horton (NYSE:DHI), a leading builder in the United States, will present virtually at the Barclays Industrial Select Conference on February 16, 2021 at 3:30 p.m. ET. Investors can access the presentation via the investor relations page of their website. A replay will be available within 48 hours and accessible until March 31, 2021. As the largest homebuilder in the U.S., D.R. Horton operates in 90 markets across 29 states and closed over 71,000 homes in 2020.
D.R. Horton reported a strong fiscal Q1 2021, with net income rising 84% to $791.8 million, translating to $2.14 per share. Consolidated revenues increased by 48% to $5.9 billion, while pre-tax income surged 98%, reaching $1 billion. Home closings leaped 45% to 18,739 homes, and net sales orders jumped 56% to 20,418 homes valued at $6.4 billion. The company noted a cancellation rate of 18% and a backlog of 28,487 homes valued at $8.9 billion. Overall, the results reflect strong operational performance amidst favorable housing market conditions.
D.R. Horton (NYSE:DHI), America's Builder, will release its financial results for Q1 ending December 31, 2020 on January 26, 2021 before the market opens. The company will host a conference call at 8:30 a.m. ET that day, accessible via dial-in and webcast. D.R. Horton, the largest U.S. homebuilder since 2002, operates in 88 markets across 29 states and closed 65,388 homes in the fiscal year ending September 30, 2020. The company continues to offer mortgage financing, title services, and insurance agency services to homebuyers.
D.R. Horton reported its fiscal 2020 results, showcasing 64% increase in Q4 net income to $829 million with an EPS of $2.24. Consolidated revenues rose 27% to $6.4 billion in Q4, driven by 26% more homes closed. For the fiscal year, net income grew 47% to $2.4 billion, while revenues increased 15% to $20.3 billion. Notably, net sales orders surged 81% to 23,726 homes. D.R. Horton anticipates fiscal 2021 revenues between $24 billion and $25 billion and plans to maintain a strong balance sheet amid ongoing economic uncertainties.
D.R. Horton, America’s Builder (NYSE:DHI), has acquired Braselton Homes, the leading homebuilder in Corpus Christi, Texas, for approximately $23 million in cash. The acquisition includes 95 lots, 90 homes in inventory, and 125 homes in sales order backlog. In the past year, Braselton closed 223 homes generating $56.3 million in revenue, with an average home price of $253,000. This strategic move aims to expand D.R. Horton’s footprint in Texas, allowing Braselton to operate as a separate division.
D.R. Horton, Inc. (NYSE:DHI), the largest homebuilder in the U.S., will release its fourth-quarter and fiscal year financial results for the period ending September 30, 2020, on November 10, 2020. The announcement will be made before market open, followed by a conference call at 8:30 a.m. ET. Interested parties can participate by phone or via webcast on the company's investor relations website. A replay of the call will be available later that day and through November 17, 2020. D.R. Horton operates across 88 markets and has closed over 61,000 homes in the past year.
D.R. Horton, America’s Builder, has priced a registered public offering of $500 million in 1.400% senior notes due October 2027. The notes will pay semi-annual interest and are set to close on October 2, 2020, subject to customary conditions. The proceeds are intended for general corporate purposes. Major financial institutions are involved as Joint Book-Running Managers for the offering. D.R. Horton warns that actual results may differ from forward-looking statements due to various market risks, including the impact of COVID-19 and credit market conditions.