Form 8-K · Current Report · Filed 2024-10-29
D.R. Horton Reports Fiscal 2024 Results and Increases Quarterly Dividend
D.R. Horton, Inc. reported its fiscal 2024 results on October 29, 2024, showing net income of $4.8 billion, up 4% from the prior year. The company also increased its quarterly dividend by 33% to $0.40 per share. For Q4, D.R. Horton reported earnings per diluted share of $3.92 on net income of $1.3 billion, and consolidated revenues of $10.0 billion. The company repurchased $1.8 billion of common stock and provided initial guidance for fiscal 2025.
- Filer
- D.R. Horton Inc. DHI · NYSE
- Filed
- Accession
- 0000882184-24-000051
- CIK
- 0000882184
- Signal
- High impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$180.38
Next session
-6.1%
Since filing
-20.7%
Latest close
$143.06
What happened, not what will happen — closing prices around the filing date.
Exhibits (1)
About D.R. Horton Inc.
D.R. Horton Inc. is a prominent name in the real estate and construction industry, specializing in the development and sale of residential homes. As the largest homebuilder in the United States by volume, its primary function is to serve the growing demand for residential housing across diverse markets. The company offers a variety of homes catering to a broad range of consumer segments, from entry-level to luxury options, ensuring widespread coverage in the market. Operating in multiple regions across the U.S., D.R. Horton has a notable impact on both local economies and the broader real estate sector, playing a significant role in shaping housing availability and community development. Known for its efficient construction processes and strategic market positioning, the company supports the housing sector by contributing to inventory levels in response to population growth and urban expansion. Since its founding in 1978, D.R. Horton has maintained a strong presence in the financial markets, providing investors with insights into housing trends and economic health. Its performance often serves as a barometer for industry conditions, given the cyclical nature of real estate and its closely tied relationship with economic indicators such as interest rates and consumer confidence.
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