D.R. Horton, headquartered in Arlington, Texas, recently announced their Q2 earnings. Highlights include a 24% increase in net income to the prior year quarter, totaling $1.2 billion or $3.52 per diluted share, consolidated revenues increased 14% to $9.1 billion and homes closed increased 15% to 22,548 homes in 14% in value to $8.5 billion.
“We are well-positioned with our affordable product offerings and flexible lot supply,” said Donald R. Horton, Chairman of the Board. “We are focused on maximizing returns in each of our communities and generating consistently strong cash flows from our homebuilding operations. Our strong liquidity and low leverage provide us with significant financial flexibility, and we plan to maintain our disciplined approach to investing capital to enhance the long-term value of our company, including consistently returning capital to our shareholders by increasing dividends and share repurchases over time.”