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. (NYSE: DHI), based in Arlington, Texas, is a U.S. homebuilding company that regularly issues detailed updates on its operations, finances and strategy. On this news page, readers can review company-issued press releases and related coverage that explain how D.R. Horton’s homebuilding, rental operations, financial services and majority-owned Forestar residential lot development segment are performing over time.
News about D.R. Horton often centers on its quarterly and annual earnings results, where the company reports consolidated revenues, pre-tax income, profit margins and key operating statistics such as homes closed, net sales orders, cancellation rates, inventory levels and land and lot positions. Releases also describe activity in rental operations, including the number of single-family rental homes and multi-family rental units sold, and summarize the performance of the financial services segment that provides mortgage financing, title services and insurance agency services to homebuyers.
Because D.R. Horton has been the largest homebuilder by volume in the United States since 2002, its announcements can provide insight into broader housing market conditions, including affordability constraints and consumer sentiment as described by the company. News items also cover capital allocation decisions such as share repurchases, dividend declarations and dividend increases, as well as corporate actions like the dual listing of D.R. Horton’s common stock on NYSE Texas while maintaining its primary listing on the New York Stock Exchange.
Investors and followers of the construction and housing sector can use this DHI news feed to monitor the company’s reported results, guidance ranges, commentary from its leadership in prepared remarks, and updates on its relationship with Forestar Group Inc. Regularly reviewing these releases can help readers understand how D.R. Horton describes its performance, risk factors and strategic priorities over successive reporting periods.
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.
D.R. Horton reported robust results for its second fiscal quarter of 2022, with net income per diluted share rising 59% to $4.03. Net income reached $1.4 billion, a 55% increase from last year. Consolidated revenues surged 24% to $8.0 billion, driven by a 22% increase in home sales revenues. Homes closed slightly rose to 19,828, and net sales orders increased 10% in value. The company repurchased 3.1 million shares for $266 million, enhancing shareholder returns. D.R. Horton’s updated guidance projects revenues between $35.3 billion and $36.1 billion for fiscal 2022.
Forestar Group reported robust second-quarter results for the period ending March 31, 2022. Net income soared 68% to $47.8 million ($0.96 per diluted share), driven by a 47% increase in revenues to $421.6 million. The number of residential lots sold surged 61% to 5,788. The pre-tax profit margin improved to 15.0%, up 190 basis points. For the fiscal year, guidance for pre-tax profit margin has been lifted to 14.0%-14.5% from 13.5%-14.0%. Forestar's return on equity improved to 14.5%, marking the eighth consecutive quarter of growth.
D.R. Horton, Inc. (NYSE: DHI) has announced its acquisition of Vidler Water Resources, Inc. (NASDAQ: VWTR) for
Forestar Group Inc. (NYSE: FOR) announced it will release its financial results for Q2 2022, ending March 31, on April 21, 2022, after market close. A conference call is scheduled at 5:00 PM ET, accessible via dial-in at 888-506-0062, with a replay available after 7:00 PM ET. Forestar operates in 55 markets across 23 states, delivering 16,864 residential lots in 2021. It's a majority-owned subsidiary of D.R. Horton, Inc. (NYSE: DHI), the U.S.'s largest homebuilder since 2002.
D.R. Horton, America’s Builder, will release its financial results for Q2 ended March 31, 2022, on April 26, 2022, before market opening. A conference call is scheduled for 8:30 a.m. ET the same day, with a dial-in number provided for attendees. The replay will be available post-call, lasting until May 3, 2022. D.R. Horton has been the largest U.S. homebuilder since 2002, operating in 102 markets across 32 states and closing 81,622 homes in 2021. The company offers a diverse brand portfolio and provides mortgage, title, and insurance services to homebuyers.
Forestar Group Inc. (NYSE: FOR) will participate in the 2022 Citi Global Property CEO Conference on March 8, 2022, with CEO Daniel C. Bartok presenting at 2:45 p.m. ET. The conference takes place at The Diplomat Beach Resort, Hollywood, Florida. A live broadcast of the presentation can be accessed on Forestar’s investor site, where a replay will be available within 24 hours and accessible until March 29, 2022. Forestar, a subsidiary of D.R. Horton, Inc. (NYSE: DHI), develops residential lots across 55 markets in 23 states, delivering 16,864 lots in the last year.
D.R. Horton reported strong fiscal Q1 2022 results, with net income rising 44% to $1.1 billion and EPS up 48% at $3.17. Consolidated revenues reached $7.1 billion, a 19% increase, while pre-tax income surged 45% to $1.5 billion. Despite a 2% decline in homes closed, net sales orders rose 29% in value to $8.3 billion. The company reported 29,347 homes in backlog, reflecting a 3% increase. D.R. Horton reaffirmed its 2022 revenue guidance between $34.5 billion and $35.5 billion.
Forestar Group reported strong financial results for Q1 FY2022, with net income rising 84% to $40.5 million ($0.81/share). Revenues jumped 33% to $407.6 million, alongside a 27% increase in residential lots sold, totaling 4,516 lots. Pre-tax income surged 83% to $53.5 million, with a profit margin improvement of 360 basis points to 13.1%. The company increased its FY2022 guidance, expecting to deliver 19,500-20,000 lots and generate around $1.7 billion in revenue. Forestar's return on equity improved to 13.2%, marking the seventh consecutive quarter of growth.
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