D.R. Horton beats Q3 estimates on $28.7 million in net income

Printer-friendly versionSend by email

D.R. Horton reported net income for its third fiscal quarter ended June 30, 2011, of $28.7 million. Net income for the same quarter of fiscal 2010 was $50.5 million.

July 29, 2011
d.r. horton, builders, home builders

d.r. horton, builders, home builders

On Tuesday, D.R. Horton reported net income for its third fiscal quarter ended June 30, 2011, of $28.7 million, or $0.09 per diluted share. Net income for the same quarter of fiscal 2010 was $50.5 million, or $0.16 per diluted share.

Homebuilding revenue for the third quarter of fiscal 2011 totaled $975.4 million, compared to $1.4 billion in the same quarter of fiscal year 2010. Homes closed in the quarter totaled 4,555 homes, compared to 6,805 homes in the same quarter of fiscal 2010.

Net sales orders for the third quarter ended June 30, 2011 totaled 4,874 homes ($1.1 billion), compared to 4,921 homes ($1.0 billion) in the same quarter of fiscal 2010.

For more information: www.drhorton.com/Company-Information/Investors/News.aspx

Comments on: "D.R. Horton beats Q3 estimates on $28.7 million in net income"

December 2014

This Month in Professional Builder

Products

Skyline Windows released an ADA-compliant crank operated tilt and turn window with incremental control. 

Features

Builders are more optimistic about the industry as the overall economy becomes less of a concern, even as the rising cost of materials and labor commands more attention.

Email Subscriptions