DR Horton: Q2 EPS up 29%

(CercleFinance.com) - DR Horton reports Q2 2023-24 (period ended March) net income that is up 24% at $1.
2bn, or $3.52 per share (+29%), with a pre-tax profit margin of 16.8%. NB: pmt +2.7%.

The homebuilder's revenues rose 14% to $9.1bn, while its net orders increased 14% in volume to 26,456 homes, and by 17% in value to $10.1bn.

The supply of affordable homes remains limited, and demographics remain favorable, management said, who raises the group's full-year revenue forecast range to around $36.7bn to $37.7bn.


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