Summary by Moomoo AI
D.R. Horton reported Q4 FY2024 net income of $1.3B ($3.92 per share) on revenues of $10.0B, with home sales revenue increasing 2% to $9.0B. The company closed 23,647 homes in Q4, up 3% YoY, while net sales orders rose 1% to 19,035 homes. Full-year net income reached $4.8B ($14.34 per share) on revenues of $36.8B.The company maintained strong operational performance with a consolidated pre-tax margin of 17.1% and generated $2.2B in operating cash flow for FY2024. The Board approved a 33% increase in quarterly dividend to $0.40 per share. During Q4, the company repurchased 3.4M shares for $561.2M, bringing the full-year repurchases to $1.8B.Looking ahead to FY2025, D.R. Horton expects consolidated revenues of $36.0B to $37.5B and home closings of 90,000 to 92,000 units. The company plans approximately $2.4B in share repurchases and $500M in dividend payments, while maintaining its focus on affordable product offerings with 37,400 homes in inventory.
