Categories Earnings, Other Industries

Earnings Summary: Highlights of DR Horton’s Q3 2023 financial results

Homebuilder D.R. Horton, Inc. (NYSE: DHI) on Thursday reported mixed results for the third quarter of 2023. The company also provided guidance for fiscal 2023.

  • Consolidated revenues increased 11% to $9.7 billion in the third quarter from $8.8 billion in the same period of last year
  • Net income attributable to D.R. Horton was $1.3 billion or $3.90 per share, down from last year’s profit of $1.6 billion or $1.65 billion or $4.67 per share
  • Homes closed increased 8% to 22,985 homes and 4% in value to $8.7 billion during the three-month period
  • Net sales orders increased 37% to 22,879 homes and 26% in value to $8.7 billion
  • In the third quarter, the company repurchased 3.1 million shares of common stock for $342.9 million

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