Welcome to our dedicated page for D R Horton news (Ticker: DHI), a resource for investors and traders seeking the latest updates and insights on D R Horton stock.
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.
Forestar Group Inc. (NYSE: FOR) announces the promotion of Mark Walker to Chief Operating Officer effective October 1, 2022. Mr. Walker, who joined the company in 2019, has overseen significant operations, accounting for 52% of lots sold in the last twelve months. His previous experience includes a Vice President role at D.R. Horton (NYSE: DHI). This promotion aims to strengthen leadership and enhance market share.
Forestar, based in Arlington, Texas, operates in 52 markets and delivered over 18,500 residential lots in the year ending June 30, 2022.
Forestar Group Inc. (NYSE: FOR) will release its financial results for the fourth quarter and fiscal year ended September 30, 2022, on November 9, 2022, after market close. A conference call will be held at 5:00 p.m. ET that day, with a dial-in number of 888-506-0062 and access code 446616. The call will also be webcast via the Company's investor site. Forestar operates in 52 markets across 22 states and delivered over 18,500 residential lots in the twelve months ending June 30, 2022. The company is a majority-owned subsidiary of D.R. Horton, Inc. (NYSE: DHI).
D.R. Horton, Inc. (NYSE:DHI), America's largest homebuilder, will announce its financial results for Q4 and fiscal year ended September 30, 2022 on November 9, 2022 before the market opens. A conference call will follow at 8:30 a.m. ET, accessible via dial-in or webcast. The company operates in 105 markets across 33 states and closed 81,469 homes in the year ending June 30, 2022. D.R. Horton provides mortgage financing and multiple home brands, with prices ranging from $200,000 to over $1,000,000.
D.R. Horton, Inc. (NYSE:DHI) announced the passing of longtime Board member Michael W. Hewatt on August 25, 2022. Mr. Hewatt joined the Board in 2005 and significantly contributed to the company’s growth, efficiency, and shareholder returns during his tenure. His leadership as the Chair of the Audit Committee spanned over a decade. The company expresses its gratitude for his service and extends condolences to his family. D.R. Horton remains a leading homebuilder in the U.S., having closed 81,469 homes in the year ending June 30, 2022.
D.R. Horton reported strong fiscal 2022 Q3 results, with net income per diluted share rising 53% to $4.67 and total net income increasing 48% to $1.6 billion. Consolidated revenues grew 21% to $8.8 billion, while pre-tax income also rose 54% to $2.2 billion, resulting in a pre-tax profit margin improvement to 24.8%. Though home sales revenues increased 18% to $8.3 billion, homes closed fell by 1% to 21,308. The company updated its full-year guidance, forecasting revenues of $33.8 billion to $34.6 billion.
Forestar Group reported a strong third quarter for fiscal 2022, with net income rising 151% to $39.7 million, or $0.80 per diluted share. Pre-tax income also increased 150% to $52.7 million, and the pre-tax profit margin improved by 1,040 basis points to 17.1%. Revenue totaled $308.5 million, down 1% year-over-year. Despite a 10% decline in lots sold this quarter, notable growth in non-D.R. Horton sales (up 213%) was recorded. Forestar maintains a strong liquidity position with $500.3 million available, though the company has adjusted its full-year guidance due to market conditions.
Forestar Group Inc. (NYSE: FOR) will release its financial results for Q3 ended June 30, 2022, on July 19, 2022, after market close. A conference call is scheduled for 5:00 p.m. ET that day, with a dial-in number of 888-506-0062 (access code 443294). A replay of the call will be available post-event at 877-481-4010 through July 26, 2022, along with a webcast on the company’s investor site.
Forestar operates in 53 markets across 23 states, delivering 19,064 residential lots over the past year, and is a majority-owned subsidiary of D.R. Horton, Inc. (NYSE: DHI).
D.R. Horton, Inc. (NYSE:DHI), America’s Builder, will announce its Q3 financial results for the period ending June 30, 2022 on July 21, 2022, before the market opens. A conference call is scheduled for 8:30 a.m. ET that same day, with a playback available post-call. Founded in 1978 and headquartered in location value="LU/us.tx.ftwort"Fort Worth, Texas, D.R. Horton leads the U.S. homebuilding market and closed 81,749 homes as of March 31, 2022.
D.R. Horton, Inc. (NYSE:DHI) will present at the UBS Global Industrials and Transportation Conference on June 7, 2022, at 9:40 a.m. Eastern Time. The presentation can be accessed via their Investor Relations page. A replay will be available within 24 hours and accessible until June 30, 2022. D.R. Horton is the largest homebuilder in the U.S., having closed 81,749 homes in the year ending March 31, 2022. The company operates in 104 markets across 32 states and offers diverse home brands, as well as mortgage and insurance services.
D.R. Horton, Inc. (NYSE: DHI) has successfully completed its cash tender offer for Vidler Water Resources, Inc. (NASDAQ: VWTR), acquiring 14,229,878 shares at $15.75 per share. This represents approximately 77.8% of Vidler's outstanding shares. Following the merger, Vidler is now a wholly owned subsidiary of D.R. Horton, and its stock will no longer be traded on Nasdaq. This strategic acquisition aims to enhance D.R. Horton’s capabilities in the homebuilding market.