Strong Financial Performance
D.R. Horton reported earnings of $2.58 per diluted share with a consolidated pre-tax income of $1.1 billion on $7.7 billion of revenues, marking a solid financial performance for the second quarter of fiscal 2025.
Improved Cycle Times
Construction cycle times improved by a few days from the first quarter and approximately three weeks from a year ago, allowing for faster inventory turnover and increased operational efficiency.
Strong Cash Flow and Shareholder Returns
The company returned all generated cash to shareholders through repurchases and dividends, and plans to repurchase approximately $4 billion of common stock in fiscal 2025, more than double the amount in fiscal 2024.
Stable Cancellation Rates
Cancellation rates remained at the low end of the historical range at 16%, indicating stable buyer commitment despite economic volatility.
Increased Community Count
The average number of active selling communities was up 5% sequentially and 10% year-over-year, indicating geographic expansion and market penetration.