D. R. Horton (DHI) Misses Q4 EPS by 2c
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D.R. Horton, Inc., America’s Builder, Reports Fourth Quarter and Fiscal 2016 Earnings and Increases Quarterly Dividend to $0.10 Per Share
November 8, 2016 6:55 AM ESTFORT WORTH, Texas--(BUSINESS WIRE)-- D.R. Horton, Inc. (NYSE: DHI):
Fiscal 2016 Fourth Quarter Highlights - comparisons to the prior year quarter
Consolidated pre-tax income increased 28% to $433.0 million Consolidated pre-tax profit margin improved 90 basis points to 11.6% Net income increased 19% to $283.6 million or $0.75 per diluted share Homes closed increased 16% to 12,247 homes and 19% in value to $3.6 billion Net sales orders increased 3% to 8,744 homes and 7% in value to $2.6 billion Net cash provided by operations was $529.4 millionFiscal 2016... More
