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AI English summary of an SEC filing — figures as filed

D.R. Horton logoD.R. Horton DHI

The company said diluted net income per share for the quarter ended June 30, 2024, Q3, rose 5% from $3.90 a year earlier to $4.10, and consolidated revenue increased 2% to $10.0 billion.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said diluted net income per share for the quarter ended June 30, 2024, Q3, rose 5% from $3.90 a year earlier to $4.10, and consolidated revenue increased 2% to $10.0 billion.

  2. The company said homes closed rose 5% to 24,155 in Q3, net sales orders rose 1% to 23,001, and the sales order backlog as of June 30, 2024 fell 12% to 16,792 homes and $6.6 billion in value.

  3. The company said net cash from operating activities was $228.2 million for the 9 months ended June 30, 2024, and total liquidity as of June 30 was $5.8 billion, consisting of cash of $3.0 billion and available credit facility capacity of $2.8 billion.

  4. The company said it repurchased 3.0 million shares for $441.4 million and paid cash dividends of $98.5 million in Q3, and that its Board of Directors approved a new share repurchase authorization of $4.0 billion in July 2024, replacing the prior authorization.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Fiscal 2024 Q3 Results

The company said diluted net income per share for the quarter ended June 30, 2024, Q3, rose 5% from $3.90 a year earlier to $4.10, and consolidated revenue increased 2% to $10.0 billion.

Source · Based on the filing body and exhibits

Homes Delivered, Orders and Backlog

The company said homes closed rose 5% to 24,155 in Q3, net sales orders rose 1% to 23,001, and the sales order backlog as of June 30, 2024 fell 12% to 16,792 homes and $6.6 billion in value.

Source · Based on the filing body and exhibits

9-Month Cash Flow and Liquidity

The company said net cash from operating activities was $228.2 million for the 9 months ended June 30, 2024, and total liquidity as of June 30 was $5.8 billion, consisting of cash of $3.0 billion and available credit facility capacity of $2.8 billion.

Source · Based on the filing body and exhibits

Share Repurchases, Dividends and New Authorization

The company said it repurchased 3.0 million shares for $441.4 million and paid cash dividends of $98.5 million in Q3, and that its Board of Directors approved a new share repurchase authorization of $4.0 billion in July 2024, replacing the prior authorization.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.