D. R. Horton (DHI) Tops Q2 EPS by 6c; Raises Outlook

D. R. Horton (NYSE: DHI) reported Q2 EPS of $0.91, $0.06 better than the analyst estimate of $0.85. Revenue for the quarter came in at $3.7 billion versus the consensus estimate of $3.76 billion.

• Net income attributable to D.R. Horton increased 53% to $351.0 million or $0.91 per diluted share
• Consolidated pre-tax income increased 26% to $444.8 million
• Consolidated pre-tax profit margin improved 80 basis points to 11.7%
• Net sales orders increased 13% in value to $4.7 billion and 13% in homes to 15,828
• Homes closed increased 16% in value to $3.7 billion and 15% in homes to 12,281
• Increasing fiscal 2018 guidance for consolidated pre-tax profit margin to a range of 12.1% to 12.3%
• Increasing fiscal 2018 guidance for cash flow from operations to at least $800 million excluding Forestar

For earnings history and earnings-related data on D. R. Horton (DHI) click here.

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