D.R. Horton guides higher for FY2024 revenue after strong Q2 beat [Seeking Alpha]
D.R. Horton, Inc. (DHI)
Last d.r. horton, inc. earnings: 4/28 06:30 am
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Source: Seeking Alpha
In addition, the homebuilder increased its guidance for stock buybacks by about $100M. "Although inflation and mortgage interest rates remain elevated, our net sales orders increased 46% from the first quarter and 14% from the prior year quarter, as the supply of both new and existing homes at affordable price points is still limited, and demographics supporting housing demand continue to be favorable," said Chairman Donald R. Horton. DHI now expects fiscal 2024 revenue of ~$36.7B-$37.7B, compared with its previous range of $36.0B-$37.3B. It increased its guidance for home closings to 89,000-91,000 from the prior outlook of 87,000-90,000. Cash flow from homebuilding operations is still expected to be ~$3.0B. The company increased its anticipated share repurchases to $1.6B from ~$1.5B. EPS for the quarter ended March 31, 2024, climbed to $3.52, soaring past the $3.05 consensus, from $2.82 in the prior quarter and $2.73 in the year-ago period. Revenue of $9.11B, topping the avera
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DHI
Earnings
- 4/18/24 - Beat
DHI
Sec Filings
- 4/29/24 - Form 4
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- DHI's page on the SEC website