D. R. Horton (DHI) tops expectations as demographics supporting housing demand remain favorable.
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November 7, 2023 6:30 AM EST
ARLINGTON, Texas--(BUSINESS WIRE)--
D.R. Horton, Inc. (NYSE: DHI):
Fiscal 2023 Fourth Quarter Highlights - comparisons to the prior year quarter
Net income of $1.5 billion or $4.45 per diluted share
Consolidated pre-tax income of $2.0 billion, with a pre-tax profit margin of 19.2%
Consolidated revenues increased 9% to $10.5 billion
Home sales revenues of $8.8 billion on 22,928 homes closed
Net sales orders increased 39% to 18,939 homes and 34% in value to $7.3 billion
Fiscal 2023 Highlights - comparisons to the prior year
Net income of $4.7 billion or $13.82 per...
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November 7, 2023 6:30 AM EST
ARLINGTON, Texas--(BUSINESS WIRE)--
Forestar Group Inc. (Forestar) (NYSE: FOR), a leading national residential lot developer, today reported financial results for its fourth quarter and fiscal year ended September 30, 2023.
Fiscal 2023 Fourth Quarter Highlights
All comparisons are year-over-year
Net income increased 43% to $72.4 million or $1.44 per diluted share
Pre-tax income increased 44% to $95.4 million, with a pre-tax profit margin of 17.4%
Revenues increased 44% to $549.7 million on 4,986 lots sold
Fiscal 2023 Highlights
All comparisons are year-over-year
Net income of $166.9 million or $3.33 per...
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