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

April 18, 2024 6:30 AM EDT

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

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

Net income increased 24% to $1.2 billion or $3.52 per diluted share Consolidated pre-tax income increased 23% to $1.5 billion, with a pre-tax profit margin of 16.8% Consolidated revenues increased 14% to $9.1 billion Homes closed increased 15% to 22,548 homes and 14% in value to $8.5 billion Net sales orders increased 14% to 26,456 homes and 17% in value to $10.1 billion Rental operations pre-tax income of $33.3 million on $371.3 million of revenues from sales of 1,109 single-family... More

Forestar Reports Fiscal 2024 Second Quarter Results

April 18, 2024 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 fiscal quarter ended March 31, 2024.

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

Net income increased 67% to $45.0 million or $0.89 per diluted share Pre-tax income increased 64% to $58.9 million, with a pre-tax profit margin of 17.6% Consolidated revenues increased 11% to $333.8 million Residential lots sold increased 10% to 3,289 lots Owned and controlled lots increased 26% to 96,100 lots Return on equity expanded 320 basis points to... More