AI English summary of an SEC filing — figures as filed
D.R. Horton DHIThe company said that homes closed rose 5% to 24,155 in the quarter ended June 30, 2024, and the average closing price rose 1% to $382,200. Net income attributable to D.R. Horton was $1.35 billion, and diluted earnings per share were $4.10.
Key points
AI summaryThe company said that homes closed rose 5% to 24,155 in the quarter ended June 30, 2024, and the average closing price rose 1% to $382,200. Net income attributable to D.R. Horton was $1.35 billion, and diluted earnings per share were $4.10.
The company said that consolidated revenues rose 7% to $26.8 billion in the 9 months ended June 30, 2024, and pre-tax income was $4.6 billion. Pre-tax operating margin was 17.1% (17.2% in the prior year), and diluted earnings per share were $10.43 ($9.39 in the prior year).
The company said net cash provided by operating activities was $228.2 million in the 9 months ended June 30, 2024, down from $2.3 billion in the prior year period. By segment, homebuilding provided $971.9 million and financial services provided $156.9 million, while rental used $656.8 million and Forestar used $277.6 million.
The company said net cash used in financing activities was $947.2 million in the 9 months ended June 30, 2024, mainly consisting of share repurchases of $1.2 billion and cash dividends of $297.5 million. Net borrowings on the rental revolving credit facility of $630 million partially offset these uses.
Key figures
Quarter ended June 30, 2024
- Revenue
- $10.0B
- Net income
- $1.4B
- EPS
- $4.10
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
3-Month Results: 24,155 Homes Closed, Net Income of $1.35 billion
The company said that homes closed rose 5% to 24,155 in the quarter ended June 30, 2024, and the average closing price rose 1% to $382,200. Net income attributable to D.R. Horton was $1.35 billion, and diluted earnings per share were $4.10.
Source · Based on the MD&A text of the filing
9-Month Totals: Consolidated Revenue of $26.8 billion, EPS of $10.43
The company said that consolidated revenues rose 7% to $26.8 billion in the 9 months ended June 30, 2024, and pre-tax income was $4.6 billion. Pre-tax operating margin was 17.1% (17.2% in the prior year), and diluted earnings per share were $10.43 ($9.39 in the prior year).
Source · Based on the MD&A text of the filing
9-Month Cash Flow: Operating Cash Flow of $228.2 million
The company said net cash provided by operating activities was $228.2 million in the 9 months ended June 30, 2024, down from $2.3 billion in the prior year period. By segment, homebuilding provided $971.9 million and financial services provided $156.9 million, while rental used $656.8 million and Forestar used $277.6 million.
Source · Based on the MD&A text of the filing
9-Month Financing: Share Buybacks of $1.2 billion, Dividends of $297.5 million
The company said net cash used in financing activities was $947.2 million in the 9 months ended June 30, 2024, mainly consisting of share repurchases of $1.2 billion and cash dividends of $297.5 million. Net borrowings on the rental revolving credit facility of $630 million partially offset these uses.
Source · Based on the MD&A text of the filing
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.
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