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D.R. Horton Surpasses Sales Expectations With 9% Surge, Outlines Optimistic 2024 Outlook

Builder D.R. Horton, Inc (NYSE: DHI) reported fourth-quarter FY23 sales growth of 9% year-over-year to $10.50 billion, beating the consensus of $10.01 billion.

Net sales orders increased 39% Y/Y to 18,939 homes and 34% Y/Y in value to $7.3 billion.

Home sales revenues of $8.8 billion (-6.4% Y/Y) on 22,928 (-1.2% Y/Y) homes closed.

EPS was $4.45 (-4.7% Y/Y), beating the consensus of $3.93.

The company's sales order backlog of homes under contract as of Sept. 30, 2023, decreased 23% to 15,197 homes and fell 26% in value to $5.9 billion, compared to ...

Full story available on Benzinga.com


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