D. R. Horton (DHI) tops expectations as demographics supporting housing demand remain favorable.

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Go back to D. R. Horton (DHI) tops expectations as demographics supporting housing demand remain favorable.

D.R. Horton, Inc., America’s Builder, Reports Fourth Quarter and Fiscal 2023 Earnings and Increases Quarterly Dividend to $0.30 Per Share

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... More

Forestar Reports Fourth Quarter and Fiscal 2023 Results

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... More