D. R. Horton (DHI) Tops Q1 EPS by 7c

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D.R. Horton, Inc., America’s Builder, Reports Fiscal 2017 First Quarter Earnings and Declares Quarterly Dividend of $0.10 Per Share

January 24, 2017 6:55 AM EST

FORT WORTH, Texas--(BUSINESS WIRE)-- D.R. Horton, Inc. (NYSE: DHI):

Fiscal 2017 First Quarter Highlights - compared to the prior year quarter

Net income increased 31% to $206.9 million, or $0.55 per diluted share Consolidated pre-tax income increased 32% to $318.1 million Consolidated pre-tax profit margin improved 100 basis points to 11.0% Net sales orders increased 17% in value to $2.8 billion and 15% in homes to 9,241 Homes closed increased 20% in value to $2.8 billion and 17% in homes to 9,404

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