DR Horton: Q1 EPS down 7%

(CercleFinance.com) - DR Horton reports Q1 2024-25 EPS that is down 7% to $2.
61, with a taxable profit margin of 14.6% on revenues that slipped 1% to $7.6bn.

Although inventory levels have recovered from historic lows, the supply of affordable homes remains generally constrained, and demographics remain supportive of housing demand, notes executive chairman David Auld.

Based on current market conditions, the homebuilder confirms its targets for FY 2024-25, including revenues of $36bn to $37.5bn and cash flow from operations higher than in the previous year.


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