D.R. Horton Q1 Results Weak, Yet Beat Market; Backs FY25 Outlook, Declares Dividend; Stock Up

(RTTNews) - Home builder D.R. Horton Inc. (DHI) on Tuesday reported weak profit and revenues in its first quarter, but above market estimates. Further, the company reiterated its fiscal 2025 outlook, and declared a quarterly cash dividend.

In pre-market activity on the NYSE, D.R. Horton shares were gaining around 5.8 percent to trade at $156.14.

In its first quarter, D.R. Horton's net income attributable decreased 11 percent to $844.9 million from $947.4 million a year ago. Earnings per share decreased 7 percent to $2.61 from $2.82 last year.

The Wall Street analysts on average expected the company to report earnings of $2.37 per share. Analysts' estimates typically exclude special items.

Consolidated revenues in the first quarter fell 1 percent to $7.61 billion r year's $7.73 billion. The Street was looking for revenues of $7.08 billion for the quarter.

Homebuilding revenue decreased 2 percent to $7.2 billion, and homes closed decreased 1 percent to 19,059 homes. Net sales orders fell 1 percent to 17,837 homes and 2 percent in value to $6.7 billion.

The firm declared a quarterly cash dividend of $0.40 per share, payable on February 14 to stockholders of record on February 7.

The Company's remaining stock repurchase authorization at December 31, 2024 was $2.5 billion.

Looking ahead, for fiscal 2025, D.R. Horton continues to expect consolidated revenues in a range of $36.0 billion to $37.5 billion on Homes closed between 90,000 homes and 92,000 homes.

Analysts expect the company to report revenues of $37.09 billion for the year.

Further, the company now expects share repurchases in the range of $2.6 billion to $2.8 billion in fiscal 2025.

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