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D.R. Horton Inc. (Symbol: DHI) is a prominent homebuilding company headquartered in Arlington, Texas, with a strong presence in 118 markets across 33 states. Renowned as 'America's Builder', D.R. Horton specializes in constructing high-quality, distinctive homes, offering a wide array of options and amenities that stand out in the residential homebuilding industry.
Founded by Donald R. Horton in 1978, the company initially established itself within the Dallas/Fort Worth metroplex. By 1987, D.R. Horton began to strategically expand its operations into the nation’s most active homebuilding markets. Today, it is recognized as a national leader in the industry, thanks to its commitment to quality, flexible home designs, and affordable pricing.
The majority of D.R. Horton’s revenue comes from building single-family detached homes, catering to a diverse range of buyers including entry-level, move-up, luxury buyers, and active adults. To enhance the homebuying experience, D.R. Horton provides comprehensive mortgage financing and title agency services through its financial services segment.
D.R. Horton's organizational structure includes six regional segments, each focused on maintaining the company's high standards and facilitating seamless operations across different markets. This broad geographical footprint allows D.R. Horton to adapt to local market conditions and consumer preferences, ensuring sustained growth and market competitiveness.
In recent years, D.R. Horton has achieved significant milestones, driven by a strategic focus on market expansion and customer satisfaction. The company continues to innovate in home design and construction techniques, further solidifying its reputation for excellence in the homebuilding sector.
For the most updated news and developments about D.R. Horton, visit our latest news section below.
D.R. Horton (NYSE:DHI) has announced the pricing of a $700 million registered public offering of senior notes due 2035. The notes will carry a 5.500% interest rate, payable semi-annually, with maturity set for October 15, 2035. The offering is expected to close on February 26, 2025, subject to customary conditions.
The company plans to use the net proceeds for general corporate purposes. Several major financial institutions are acting as Joint Book-Running Managers, including Mizuho Securities USA , J.P. Morgan Securities , and TD Securities (USA) , among others.
D.R. Horton (NYSE:DHI) has announced the release date for its second quarter fiscal 2025 financial results, scheduled for Thursday, April 17, 2025, before market opening. The company will host a conference call at 8:30 a.m. Eastern Time on the same day.
Investors can access the call via phone (dial-in: 888-506-0062, access code: 445791) or through a webcast on the company's investor relations website. A replay will be available through April 24, 2025 (phone) and July 31, 2025 (webcast).
Forestar Group (NYSE: FOR) has announced it will release its second quarter fiscal 2025 financial results on Thursday, April 17, 2025, before market opens. The company will host a conference call at 11:00 a.m. Eastern Time on the same day.
Investors can join the call using dial-in number 888-506-0062 with access code 865137. Participants are advised to call in five minutes early. The call will also be webcast on the company's investor website. A replay will be available after 3:00 p.m. ET at 877-481-4010 using passcode 52040, accessible through April 24, 2025. The webcast replay will remain available on the company's website until July 31, 2025.
D.R. Horton (NYSE:DHI), known as America's Builder, has announced its upcoming presentation at the Barclays 42nd Annual Industrial Select Conference. The presentation is scheduled for Wednesday, February 19, 2025, at 3:00 p.m. Eastern Time.
Investors and interested parties can access the presentation through a webcast via the Investor Relations page on D.R. Horton's website at investor.drhorton.com. Attendees are advised to access the site at least five minutes before the scheduled presentation time. A replay of the presentation will be made available within 24 hours and can be accessed until April 30, 2025.
Forestar Group (NYSE: FOR) reported its fiscal 2025 first quarter results, with net income decreasing 57% to $16.5 million ($0.32 per diluted share) compared to $38.2 million ($0.76 per diluted share) in Q1 fiscal 2024. Revenues declined to $250.4 million from $305.9 million year-over-year.
The company sold 2,333 lots during Q1, down 26% from 3,150 lots in the same quarter last year. Their lot position stands at 106,000 lots, with 68,300 owned and 37,700 controlled through contracts. Of the owned lots, 25,200 are under contract for future sales, representing approximately $2.2 billion in future revenue.
Forestar maintains strong liquidity of $644.5 million, including $132.0 million in unrestricted cash. The company amended its credit facility, increasing commitments to $640 million and extending maturity to December 2029. For fiscal 2025, Forestar expects to deliver 16,000-16,500 lots, generating $1.6-1.65 billion in revenue.
D.R. Horton (NYSE:DHI) reported its fiscal 2025 first quarter results with net income of $844.9 million ($2.61 per diluted share), down 11% from $947.4 million in the same quarter of fiscal 2024. Consolidated revenues decreased 1% to $7.6 billion.
The company closed 19,059 homes (-1%) with home sales revenues of $7.1 billion. Net sales orders reached 17,837 homes with an order value of $6.7 billion. The company's return on equity was 19.1% and return on assets was 13.4% for the trailing twelve months.
During the quarter, DHI returned $1.2 billion to shareholders through $1.1 billion in share repurchases (6.8 million shares) and $128.5 million in dividends. The company declared a quarterly dividend of $0.40 per share. Total liquidity stood at $6.5 billion with a debt-to-capital ratio of 17.0%.
Forestar Group (NYSE: FOR) has announced it will release its first quarter fiscal 2025 financial results on January 21, 2025, before market opening. The company will host a conference call at 11:00 a.m. ET the same day. Investors can join via phone using dial-in number 888-506-0062 with access code 917712, or through the webcast available on investor.forestar.com. A replay will be accessible until January 28, 2025 via phone (877-481-4010, passcode 51730) and until April 30, 2025 via the company website.
D.R. Horton (NYSE:DHI) has announced plans to release its first quarter financial results for the period ending December 31, 2024, on Tuesday, January 21, 2025, before market opening. The company will host a conference call at 8:30 a.m. ET, with dial-in number 888-506-0062 and access code 163261. Participants should join five minutes early at 8:25 a.m. ET.
The call will be webcast on investor.drhorton.com. A replay will be available after 12:30 p.m. ET at 877-481-4010 with passcode 51717, accessible through January 28, 2025. The webcast replay will remain available on the company website until April 30, 2025.
Forestar Group reported strong financial results for Q4 and fiscal 2024. Q4 net income rose 13% to $81.6 million ($1.60 per share), while fiscal 2024 net income increased 22% to $203.4 million ($4.00 per share). Revenue grew 5% to $1.5 billion in fiscal 2024, with 15,068 lots sold. The company maintained a strong position with 95,100 owned and controlled lots, and improved return on equity to 13.8%. Book value per share increased 15% to $31.47. The company ended the year with total liquidity of $858.4 million and projects delivery of 16,000-16,500 lots generating $1.6-1.65 billion revenue in fiscal 2025.
D.R. Horton reported fiscal 2024 fourth quarter earnings with net income of $1.3 billion and earnings per diluted share of $3.92. For the full fiscal year 2024, the company achieved net income of $4.8 billion with earnings per share increasing 4% to $14.34. Consolidated revenues grew 4% to $36.8 billion, with home sales revenues up 7% to $33.9 billion on 89,690 homes closed. The company maintained strong financial metrics with a pre-tax profit margin of 17.1% and return on equity of 19.9%. Despite market challenges, D.R. Horton increased its quarterly dividend by 33% to $0.40 per share and repurchased $1.8 billion of common stock during the year.
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