- D. R. Horton (NYSE:DHI): FQ3 GAAP EPS of $3.06 beats by $0.26.
- Revenue of $7.3B (+35.4% Y/Y) beats by $130M.
- Homes closed increased 22% to 21,588 homes and 35% in value to $7.0 billion.
- Net sales orders decreased 17% to 17,952 homes and 2% in value to $6.4 billion.
- Sales order backlog of homes under contract at June 30, 2021 increased 39% to 32,209 homes and 57% in value to $11.0 billion compared to 23,205 homes and $7.0 billion at June 30, 2020.
- FY2021 guidance: Consolidated revenues of 27.6 billion to $28.1 billion from prior $26.8B to $27.5B vs. consensus of $27.34B.
- Homes closed between 83,000 homes and 84,500 homes vs. prior 82,500 homes and 84,500 homes
- Outstanding share count at the end of fiscal 2021 approximately 2% lower than at the end of fiscal 2020.
- The Company plans to also provide guidance for its fourth quarter of fiscal 2021 on its conference call today.
- Shares +0.25% PM.
- Press Release