$DHI (DR Horton Inc.)

$DHI {{ '2016-01-25T16:26:40+0000' | timeago}} • Webcast

$DHI said its avg. sales price on net sales orders rose 3% in 1Q16 and cancellation rate was down 1% YoverY to 23%. Company's backlog conversion rate was consistent with its previous quarter guidance of 76%. The company expects its investments in land and development for FY16 to be at least 20% greater than FY15.

$DHI {{ '2017-11-30T14:28:21+0000' | timeago}} • Announcement

$DHI priced a registered underwritten public offering of $400MM aggregate principal amount of 2.550% senior notes due 2020.

$DHI {{ '2017-11-30T12:52:04+0000' | timeago}} • Announcement

$DHI is calling all of its 3.625% senior notes due Feb 15, 2018 for full redemption on Dec 29, 2017. The senior notes will be redeemed at a price equal to 100% of the principal amount of the notes, together with accrued and unpaid interest on the notes to the redemption date of Dec 29, 2017.

$DHI {{ '2017-11-09T20:15:58+0000' | timeago}} • Infographic

$DHI D.R. Horton, Inc. Earnings AlphaGraphic: Q4 2017 highlights

$DHI {{ '2017-11-09T20:10:37+0000' | timeago}} • Webcast

Fresh from its $558.3MM Forestar merger deal, American homebuilder $DHI said it expects to deliver 50,500-52,500 homes for FY18 while posting 4Q17 results.

$DHI {{ '2017-11-09T12:53:12+0000' | timeago}} • Announcement

For FY18, $DHI now sees consolidated revenues of $15.5-16.3Bil, with a consolidated pre-tax profit margin of 11.5-11.7%.

$DHI {{ '2017-11-09T12:51:43+0000' | timeago}} • Announcement

With $DHI acquiring 75% of outstanding shares of Forestar Group Inc. for $558.3MM in cash, the home construction company saw net income rise 10% to $313.2MM or $0.82 per diluted share in 4Q17. Homebuilding revenue for the quarter jumped 11% to $4.1Bil.

$DHI {{ '2017-10-05T21:34:25+0000' | timeago}} • Announcement

$DHI closed the acquisition of approx. 75% of the currently outstanding shares of $FOR for $17.75 per share in cash pursuant to a merger of a wholly owned subsidiary of $DHI with and into $FOR. Pursuant to the terms of the merger agreement, each of the existing members of $FOR’s BoD resigned, with the exception of M. Ashton Hudson.

$FOR {{ '2017-10-03T21:52:43+0000' | timeago}} • Announcement

$FOR's stockholders overwhelmingly voted in favor of the proposal to adopt the merger agreement by and among $DHI$FOR and Force Merger Sub Inc. at a special meeting. This is pursuant to which $DHI has agreed to buy about 75% of the currently outstanding shares of $FOR. The parties now expect to close the merger on Oct. 5, 2017.

$DHI {{ '2017-09-25T12:06:22+0000' | timeago}} • Announcement

Due to delays caused by the recent hurricanes, $DHI cut its backlog conversion rate estimate for 4Q17 to about 85% from 88-90%, while lifting its SG&A forecast as a percentage of homebuilding revenues to about 8.6% from 8.3-8.4%. For FY17, $DHI lowered cash flow from operations outlook to about $150MM from about $300MM.

$DHI {{ '2017-07-26T12:20:22+0000' | timeago}} • Announcement

$DHI's BoD declared a quarterly cash dividend of $0.10 per common share, payable on Aug. 23, 2017 to stockholders of record on Aug. 9, 2017. Subsequent to end of 3Q17, $DHI's Board authorized the repurchase of up to $200MM of its common stock effective through July 31, 2018, which replaced the prior authorization.

$DHI {{ '2017-07-26T12:18:10+0000' | timeago}} • Announcement

$DHI's sales order backlog of homes under contract at June 30, 2017 rose 3% to 15,161 homes and 6% in value to $4.6Bil, compared to 14,670 homes and $4.4Bil at June 30, 2016. The company's homes in inventory at June 30, 2017 increased 9% to 27,600 homes from 25,300 homes at June 30, 2016.

$DHI {{ '2017-07-26T12:16:30+0000' | timeago}} • Announcement

$DHI's net sales orders for 3Q17 increased 11% to 13,040 homes and 13% in value to $3.9Bil from last year. The company's cancellation rate (cancelled sales orders divided by gross sales orders) was 21%, unchanged from the prior year quarter. Homes closed in the quarter increased 16% to 12,497 homes from 10,739 homes a year ago.

$DHI {{ '2017-07-26T12:14:19+0000' | timeago}} • Announcement

$DHI reported a jump in 3Q17 earnings as an increase in net sales orders drove homebuilding revenue higher. Net income rose to $289MM or $0.76 per share from $250MM or $0.66 per share last year. Homebuilding revenue grew 17% to $3.7Bil. Financial services and other revenue rose to $91.9MM from $83.1MM.

$DHI {{ '2017-06-29T13:40:25+0000' | timeago}} • Announcement

America’s largest homebuilder $DHI has agreed to acquire 75% of the current outstanding shares of $FOR for $17.75 per share in cash. $DHI has the cash and other immediately available capital to fund the approx. $560MM cash consideration. The transaction is expected to be accretive to $DHI’s fiscal 2018 earnings.

$DHI {{ '2017-06-23T14:50:23+0000' | timeago}} • Announcement

$DHI raised offer to buy 75% of the currently outstanding shares of $FOR for $17.75 per share in cash. Previously, $FOR BoD said it had deemed the $DHI offer a superior proposal to the amended agreement between $FOR and Starwood Capital Group.

$DHI {{ '2017-06-22T12:34:38+0000' | timeago}} • Announcement

$DHI reiterated its proposal to buy 75% of $FOR's common stock for $16.25 per share, as $DHI believes it will provide superior value to $FOR shareholders over amended agreement with Starwood Capital Group. Moelis & Co. is serving as financial advisor to $DHI in connection with this proposal, and Gibson, Dunn & Crutcher is serving as legal counsel.

$DHI {{ '2017-06-14T13:48:17+0000' | timeago}} • Announcement

$DHI has relocated its corporate headquarters from Fort Worth, Texas to a newly constructed office in Arlington, Texas. $DHI’s new address effective immediately is 1341 Horton Circle, Arlington, Texas 76011. All corporate phone numbers and email addresses remain the same.

$DHI {{ '2017-06-09T11:38:56+0000' | timeago}} • Announcement

Home builder $DHI has entered into a confidentiality agreement with $FOR. Under the agreement, the companies will exchange information and participate in discussions related to the previously announced D.R. Horton proposal to acquire 75% of the outstanding shares of Forestar common stock for $16.25 per share in cash.

$DHI {{ '2017-06-05T12:12:55+0000' | timeago}} • Announcement

$DHI submitted a proposal to the BoD of $FOR to buy 75% of the currently outstanding shares of $FOR for $16.25 per share in cash. Forestar would remain a public company to ensure continued access to capital to support the increasing scale of the business. $DHI has the cash and other immediately available capital to fund the about $520MM investment.

$DHI {{ '2017-05-16T11:38:38+0000' | timeago}} • Announcement

$DHI has repurchased $60.6MM of its common stock during its quarter ending June 30, 2017. The shares were repurchased in the open market to partially offset dilution from equity awards granted to key employees and non-management directors. $DHI has $39.4MM remaining on its current stock repurchase authorization, which expires on July 31, 2017.

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