AI English summary of an SEC filing — figures as filed
D.R. Horton DHID.R. Horton said net income attributable to the company for the 3 months ended March 31, 2025 decreased 31% to $810.4 million, compared to $1.2 billion in the prior year period, and diluted earnings per share were $2.58, compared to $3.52.
Key points
AI summaryD.R. Horton said net income attributable to the company for the 3 months ended March 31, 2025 decreased 31% to $810.4 million, compared to $1.2 billion in the prior year period, and diluted earnings per share were $2.58, compared to $3.52.
The company said homes closed in the 3 months decreased 15% to 19,276, and net sales orders decreased 15% to 22,437. Home sales gross margin was 21.8%, down 140 basis points, as the company increased sales incentives.
D.R. Horton said net cash provided by operating activities for the 6 months ended March 31, 2025 was $210.5 million, compared to net cash used in operations of $470.1 million in the prior year period. Net cash used in financing activities was $2.1 billion, which included share repurchases of $2.4 billion and cash dividends of $254.0 million.
The company said debt to total capital as of March 31, 2025 was 21.1%, compared to 18.9% at September 30, 2024, and net debt to total capital was 14.3%, compared to 5.2%. Homebuilding cash and cash equivalents at the same date totaled $1.9 billion, compared to $3.6 billion.
Key figures
Quarter ended March 31, 2025
- Revenue
- $7.7B
- Net income
- $810M
- EPS
- $2.58
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.
Quarterly net income and diluted earnings per share decline
D.R. Horton said net income attributable to the company for the 3 months ended March 31, 2025 decreased 31% to $810.4 million, compared to $1.2 billion in the prior year period, and diluted earnings per share were $2.58, compared to $3.52.
Source · Based on the MD&A text of the filing
Quarterly homes closed and net sales orders decline with gross margin
The company said homes closed in the 3 months decreased 15% to 19,276, and net sales orders decreased 15% to 22,437. Home sales gross margin was 21.8%, down 140 basis points, as the company increased sales incentives.
Source · Based on the MD&A text of the filing
6-month operating cash flow and shareholder returns
D.R. Horton said net cash provided by operating activities for the 6 months ended March 31, 2025 was $210.5 million, compared to net cash used in operations of $470.1 million in the prior year period. Net cash used in financing activities was $2.1 billion, which included share repurchases of $2.4 billion and cash dividends of $254.0 million.
Source · Based on the MD&A text of the filing
Financial structure metrics as of March 31
The company said debt to total capital as of March 31, 2025 was 21.1%, compared to 18.9% at September 30, 2024, and net debt to total capital was 14.3%, compared to 5.2%. Homebuilding cash and cash equivalents at the same date totaled $1.9 billion, compared to $3.6 billion.
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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