D. R. Horton (DHI) gains as elevated property prices boost revenue

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D.R. Horton, Inc., America’s Builder, Reports Fiscal 2023 Second Quarter Earnings and Declares Quarterly Dividend of $0.25 Per Share

April 20, 2023 6:30 AM EDT

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

Fiscal 2023 Second Quarter Highlights

Net income attributable to D.R. Horton of $942.2 million or $2.73 per diluted share Consolidated pre-tax income of $1.2 billion, with a pre-tax profit margin of 15.6% Consolidated revenues of $8.0 billion Home sales revenues of $7.4 billion on 19,664 homes closed Net sales orders of 23,142 homes, with an order value of $8.6 billion Rental operations pre-tax income of $34.6 million on $224.1 million of revenues from the sale of 721 single-family rental... More

Forestar Reports Fiscal 2023 Second Quarter Results

April 20, 2023 6:30 AM EDT

ARLINGTON, Texas--(BUSINESS WIRE)-- Forestar Group Inc. (Forestar) (NYSE: FOR), a leading national residential lot developer, today reported financial results for its second quarter ended March 31, 2023.

Fiscal 2023 Second Quarter Highlights
All comparisons are year-over-year

Net income attributable to Forestar totaled $26.9 million or $0.54 per diluted share Pre-tax income of $35.9 million, with a pre-tax profit margin of 11.9% Consolidated revenues of $301.5 million on 2,979 lots sold Owned and controlled 76,400 lots Return on equity of 11.7% for the trailing twelve months ended March 31, 2023 Book value per share... More