— D.R. Horton Inc. (NYSE: DHI) reported Q1 2020 earnings of $1.16 per share, vs. $0.92 expected.
— Revenues grew 14% to $4 billion, vs. $3.7 billion expected.
— Net sales orders increased 19% to 13,126 homes and
22% in value to $3.9
billion.
— Homes closed increased 13% in both homes and value
to 12,959 homes and $3.9
billion.
— The company declared a quarterly cash dividend of $0.175 per common share, payable on February 24, to
stockholders of record on February 10, 2020.
— FY2020 consolidated revenues are
expected to be $18.5 billion to $19.1
billion.
— DHI shares were up 2.3% in premarket hours on Monday.
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