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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.
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.
Forestar Group Inc. (NYSE: FOR) will release its first-quarter financial results for the period ending December 31, 2021, on January 27, 2022, after market close. A conference call is scheduled for the same day at 5:00 p.m. ET, with the dial-in number being 888-506-0062 (access code 548187). Interested parties can also access the call via webcast at the company's investor relations website. A replay will be available post-call until February 3, 2022, and the webcast will remain accessible until April 30, 2022.
D.R. Horton, Inc. (NYSE:DHI), a leading U.S. homebuilder, will announce its financial results for Q1 ended December 31, 2021, on February 2, 2022, before market opens. A conference call will take place at 8:30 a.m. ET on the same day, with a replay available post-call until February 9, 2022. D.R. Horton, founded in 1978, operates in 98 markets across 31 states and was the largest homebuilder by volume in the U.S. in 2021, closing 81,965 homes in its fiscal year ending September 30, 2021.
D.R. Horton reported strong fiscal 2021 results, with net income per share increasing 78% to $11.41 and revenues rising 37% to $27.8 billion. In Q4, net income per diluted share rose 65% to $3.70, and revenues grew 27% to $8.1 billion. Homes closed increased by 25% to 81,965 for the year, indicating robust market demand. Despite a 33% drop in net sales orders in Q4, the company maintained a 17% cancellation rate. D.R. Horton aims for fiscal 2022 revenues between $32.5 billion and $33.5 billion, planning to close 90,000 to 92,000 homes.
Forestar Group reported robust financial results for the fourth quarter and fiscal year ended September 30, 2021. Net income surged 82% in Q4 to $44 million ($0.89/share) and by 81% for the fiscal year to $110.2 million ($2.25/share). Revenues rose 20% in Q4 to $418.7 million, and 42% annually to $1.3 billion, driven by a 23% and 53% increase in residential lots sold, respectively. The company controlled 97,000 lots, with 33% under contract to D.R. Horton, representing $1.6 billion in future revenue. The outlook for 2022 anticipates 19,000 to 19,500 lot deliveries.
D.R. Horton (NYSE:DHI) announced the promotion of Paul J. Romanowski to Executive Vice President and Co-Chief Operating Officer, effective October 1, 2021. This leadership change aims to bolster the company’s homebuilding operations, which have expanded significantly since the introduction of the COO role in 2013—from 78 markets to 96 across 30 states. The company anticipates closing over 81,000 homes in fiscal 2021, enhancing its national market share to nearly 10%. Chairman Donald R. Horton emphasized Romanowski's critical role in the firm's leadership for over 20 years.
D.R. Horton, Inc. (NYSE:DHI), the largest homebuilder in the U.S., will release its financial results for Q4 and fiscal year ending September 30, 2021, on November 9, 2021, before market opens. A conference call will be conducted at 8:30 a.m. ET. Interested parties can join via phone or through the webcast on D.R. Horton’s website. The replay of the call will be available post-event until November 16, 2021. The company continues to operate in 96 markets across 30 states and has maintained strong performance with 80,276 homes closed in the last twelve months ending June 30, 2021.
Forestar Group Inc. (NYSE: FOR) will release its financial results for the fourth quarter and fiscal year ended September 30, 2021, on November 4, 2021, after market close. The company will also host a conference call at 5:00 p.m. ET on the same day. Forestar, a residential lot development company, operates in 55 markets across 22 states and delivered 14,990 residential lots in the year ending June 30, 2021. It is a majority-owned subsidiary of D.R. Horton, Inc. (NYSE: DHI), the largest homebuilder in the U.S.
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