D. R. Horton (DHI) falls 5% after FQ1 EPS miss

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D.R. Horton, Inc., America’s Builder, Reports Fiscal 2024 First Quarter Earnings and Declares Quarterly Dividend of $0.30 Per Share

January 23, 2024 6:30 AM EST

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

Fiscal 2024 First Quarter Highlights - comparisons to the prior year quarter

Net income attributable to D.R. Horton of $947.4 million or $2.82 per diluted share Consolidated pre-tax income of $1.2 billion, with a pre-tax profit margin of 16.1% Consolidated revenues increased 6% to $7.7 billion Homes closed increased 12% to 19,340 homes and 8% in value to $7.3 billion Net sales orders increased 35% to 18,069 homes and 38% in value to $6.8 billion Rental operations pre-tax income of $31.3 million on $195.3 million of revenues from sales of 379... More

Forestar Reports Fiscal 2024 First Quarter Results

January 23, 2024 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 first fiscal quarter ended December 31, 2023.

Fiscal 2024 First Quarter Highlights
All comparisons are year-over-year

Net income increased 84% to $38.2 million or $0.76 per diluted share Pre-tax income increased 84% to $51.2 million Pre-tax profit margin improved 380 basis points to 16.7% Consolidated revenues increased 41% to $305.9 million Residential lots sold increased 39% to 3,150 lots Owned and controlled 82,400 lots Return on equity of 14.1% for the trailing twelve months... More