More on D.R. Horton FQ1: Net profit surges, shares jump


D.R. Horton (DHI +4.8%) net profit +86% to $123.2M.

Previously: Whirlpools ends refrigeration appeal efforts

Home sales +33% to $1.63B, average sales price +10% to $275,600.

Home closings +19% to 6,188, number of orders +4% to 5,454 homes.

Sales order backlog +20% to $2.1B and +5% to 7,684 homes.

"Housing market conditions continue to improve across most of our operating markets, and our weekly sales pace has accelerated in January," Chairman Donald Horton said. "We are well-positioned to capture demand in the spring selling season with a solid balance sheet, an increased community count, a robust finished lot supply and a strong inventory of homes available for sale." (PR)

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Comments (1)
  • 50 cent it is
    , contributor
    Comments (1453) | Send Message
     
    I see Kenneth Zener of Key Banc threw in the towel on his Horton buy
    Now that the stock is up over$2.00 today,he deleted his post
    I don't blame him, I would be embarrassed too
    28 Jan 2014, 03:38 PM Reply Like
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