Q1 2025 DR Horton Inc Earnings Call Transcript

Jan 21, 2025 / 01:30PM GMT

Transcript 10-Q8-K

Key Points

Positve

D.R. Horton Inc (DHI) reported solid earnings of $2.61 per diluted share for the first quarter.
The company achieved a pretax profit margin of 14.6% on $7.6 billion in revenues.
D.R. Horton Inc (DHI) returned $1.2 billion to shareholders through share repurchases and dividends in the quarter.
The company improved its construction cycle times, enhancing its ability to turn housing inventory faster.
D.R. Horton Inc (DHI) maintained a strong balance sheet with $6.5 billion in consolidated liquidity.

Negative

Earnings per share decreased by 7% compared to the prior year quarter.
Net sales orders for the first quarter decreased by 1% from the prior year.
The company's gross profit margin on home sales revenue decreased by 90 basis points sequentially.
Homebuilding SG&A expenses increased by 6% from the previous year.
The average closing price for homes decreased by 1% sequentially.

Operator

Good morning, and welcome to the first-quarter 2024 earnings conference call for D.R. Horton, America's Builder, the largest builder in the United States. (Operator Instructions) I will now turn the call over to Jessica Hansen, Senior Vice President of Communications for D.R. Horton.

Jessica Hansen

DR Horton Inc - Senior Vice President - Communications and People

Thank you Paul and good morning. Welcome to our call to discuss our financial results for the first-quarter and fiscal 2025. Before we get started, today's call includes forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Although D.R. Horton believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different.

All forward-looking statements are based upon information available to D.R. Horton on the date of this conference call, and D.R. Horton does not undertake any obligation to publicly update or revise any forward-looking statements. Additional information about factors that

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