AI English summary of an SEC filing — figures as filed
D.R. Horton DHIThe company said consolidated revenues for fiscal 2024 rose 4% to $36.8 billion (from $35.5 billion a year earlier), and diluted earnings per share were $14.34 (versus $13.82). Pre-tax income was $6.3 billion in both years.
Key points
AI summaryThe company said consolidated revenues for fiscal 2024 rose 4% to $36.8 billion (from $35.5 billion a year earlier), and diluted earnings per share were $14.34 (versus $13.82). Pre-tax income was $6.3 billion in both years.
D.R. Horton said homes closed rose 8% to 89,690 in fiscal 2024, while the average selling price fell 1% to $378,000. It said net sales orders rose 10% to 86,561 homes ($32.7 billion), and sales order backlog fell 20% to 12,180 homes ($4.8 billion).
The company said net cash provided by operating activities on a consolidated basis for fiscal 2024 was $2.2 billion (compared with $4.3 billion a year earlier). It also said return on equity was 19.9% (22.7% a year earlier) and pre-tax operating margin was 17.1% (17.8% a year earlier).
The company said gross profit from home sales for fiscal 2024 was $8.0 billion ($7.4 billion a year earlier), equal to 23.5% of home sales revenues in both years. It said homebuilding SG&A expense rose 14% to $2.6 billion, or 7.5% of homebuilding revenues (7.1% a year earlier).
Key figures
Fiscal year ended September 30, 2024
- Revenue
- $36.8B
- Net income
- $4.8B
- EPS
- $14.34
- Operating cash flow
- $2.2B
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.
Annual revenue of $36.8 billion, diluted EPS of $14.34
The company said consolidated revenues for fiscal 2024 rose 4% to $36.8 billion (from $35.5 billion a year earlier), and diluted earnings per share were $14.34 (versus $13.82). Pre-tax income was $6.3 billion in both years.
Source · Based on the MD&A text of the filing
Homes delivered 89,690, net sales orders 86,561
D.R. Horton said homes closed rose 8% to 89,690 in fiscal 2024, while the average selling price fell 1% to $378,000. It said net sales orders rose 10% to 86,561 homes ($32.7 billion), and sales order backlog fell 20% to 12,180 homes ($4.8 billion).
Source · Based on the MD&A text of the filing
Operating cash flow of $2.2 billion, return metrics
The company said net cash provided by operating activities on a consolidated basis for fiscal 2024 was $2.2 billion (compared with $4.3 billion a year earlier). It also said return on equity was 19.9% (22.7% a year earlier) and pre-tax operating margin was 17.1% (17.8% a year earlier).
Source · Based on the MD&A text of the filing
Homebuilding gross profit of $8.0 billion, SG&A up 14%
The company said gross profit from home sales for fiscal 2024 was $8.0 billion ($7.4 billion a year earlier), equal to 23.5% of home sales revenues in both years. It said homebuilding SG&A expense rose 14% to $2.6 billion, or 7.5% of homebuilding revenues (7.1% a year earlier).
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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