D.R. Horton orders up 13%, backlogs 15%

• FQ3 net income of $249.8M or $0.66 per share vs. $221.4M and $0.60 one year ago.
• Net sales orders up 13% to 11,714 homes; up 14% in dollars to $3.4B.
• Backlogs up 15% to 14,670 homes; up 17% in value to $4.4B.
• Homebuilding revenue up 9% to $3.1B. Homes closed up 9% to 10,739 homes.
• Pretax profit margin up 40 basis points to 11.7%.
• Conference call at 10 ET
• Previously: D. R. Horton EPS in-line, misses on revenue (July 21)
• DHI -3.4% premarket in very thin action.