Homebuilder D.R. Horton, Inc. (NYSE: DHI) on Tuesday reported a year-over-year decline in revenues and earnings for the first quarter of fiscal 2026.
- Net income attributable to the company was $594.8 million or $2.03 per share in Q1, compared to $844.9 million or $2.61 per share in the year-ago quarter
- Consolidated pre-tax income was $798.1 million, and pre-tax profit margin came in at 11.6%
- Q1 revenues declined to $6.9 billion from $7.6 billion in the first quarter of fiscal 2025
- During the quarter, net sales orders increased 3% to 18,300 homes with an order value of $6.7 billion
- Book value per share increased 5% from last year to $82.60 in the first quarter; cash provided by operations totaled $854.0 million
- In Q1, the company repurchased 4.4 million shares for $669.7 million and paid cash dividends of $131.5 million
- For fiscal 2026, the management expects revenues to be in the range of $33.5 billion to $35.0 billion