Categories Earnings, Other Industries

D.R. Horton (DHI): Q1 2020 Earnings Snapshot

— 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.

D.R. Horton reports Q1 2020 earnings results

— 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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