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D.R. Horton | 10-Q: Q3 2024 Earnings Report

D.R. Horton | 10-Q: Q3 2024 Earnings Report

霍顿房屋 | 10-Q:2024财年三季报
美股SEC公告 ·  2024/07/23 12:55

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D.R. Horton reported solid Q3 FY2024 results with net income rising to $1.35 billion, or $4.10 per diluted share, compared to $1.34 billion in the prior year quarter. Home sales revenue increased 6% to $9.2 billion, driven by a 5% increase in homes closed to 24,155 units and a 1% increase in average selling price to $382,200. Home sales gross margin improved to 24.0% from 23.3% year-over-year.Net sales orders remained stable with a 1% increase to 23,001 homes, while the value held steady at $8.7 billion despite elevated mortgage rates. The company maintained strong operational efficiency with homebuilding SG&A at 7.1% of revenues. The homebuilding segment generated pre-tax income of $1.57 billion, representing a robust 17.0% pre-tax margin.The company continued to strengthen its financial position with $3.0 billion in cash and cash equivalents. During the quarter, D.R. Horton repurchased 3.0 million shares for $441.4 million and paid quarterly dividends of $0.30 per share. The company's net debt to total capital ratio remained conservative at 9.9%, positioning it well for future growth opportunities.
D.R. Horton reported solid Q3 FY2024 results with net income rising to $1.35 billion, or $4.10 per diluted share, compared to $1.34 billion in the prior year quarter. Home sales revenue increased 6% to $9.2 billion, driven by a 5% increase in homes closed to 24,155 units and a 1% increase in average selling price to $382,200. Home sales gross margin improved to 24.0% from 23.3% year-over-year.Net sales orders remained stable with a 1% increase to 23,001 homes, while the value held steady at $8.7 billion despite elevated mortgage rates. The company maintained strong operational efficiency with homebuilding SG&A at 7.1% of revenues. The homebuilding segment generated pre-tax income of $1.57 billion, representing a robust 17.0% pre-tax margin.The company continued to strengthen its financial position with $3.0 billion in cash and cash equivalents. During the quarter, D.R. Horton repurchased 3.0 million shares for $441.4 million and paid quarterly dividends of $0.30 per share. The company's net debt to total capital ratio remained conservative at 9.9%, positioning it well for future growth opportunities.
霍顿房屋发布了2024财年第三季度的强劲业绩,净利润上升至135亿美元,相比去年同期的134亿美元,每股摊薄收益为4.10美元。住房销售营业收入增加6%,达到92亿美元,主要由关闭的住房数量增加5%至24,155单位以及平均售价增加1%至382,200美元驱动。住房销售毛利率从去年的23.3%改善至24.0%。净销售订单保持稳定,增加1%至23,001套住宅,尽管抵押贷款利率较高,价值仍保持在87亿美元。公司保持了强大的运营效率,住宅建筑销售和管理费用占营业收入的7.1%。住宅建筑部门产生了157亿美元的税前收入,代表了强劲的17.0%税前利润率。公司持续增强财务实力,现金及现金等价物达到300亿美元。在本季度,霍顿房屋回购了300万股,支出为44140万美元,并支付每股0.30美元的季度分红派息。公司的净债务与总资本比率保持在9.9%的保守水平,使其在未来的增长机会中处于良好位置。
霍顿房屋发布了2024财年第三季度的强劲业绩,净利润上升至135亿美元,相比去年同期的134亿美元,每股摊薄收益为4.10美元。住房销售营业收入增加6%,达到92亿美元,主要由关闭的住房数量增加5%至24,155单位以及平均售价增加1%至382,200美元驱动。住房销售毛利率从去年的23.3%改善至24.0%。净销售订单保持稳定,增加1%至23,001套住宅,尽管抵押贷款利率较高,价值仍保持在87亿美元。公司保持了强大的运营效率,住宅建筑销售和管理费用占营业收入的7.1%。住宅建筑部门产生了157亿美元的税前收入,代表了强劲的17.0%税前利润率。公司持续增强财务实力,现金及现金等价物达到300亿美元。在本季度,霍顿房屋回购了300万股,支出为44140万美元,并支付每股0.30美元的季度分红派息。公司的净债务与总资本比率保持在9.9%的保守水平,使其在未来的增长机会中处于良好位置。
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