$DHI (DR Horton Inc.)

$DHI {{ '2016-04-21T13:27:18+0000' | timeago}} • Announcement

$DHI's net sales orders for 2Q16 increased by 10% to 12,292 homes and 13% in value to $3.6Bil from the previous year quarter. The company's cancellation rate for 2Q16 was 19%. Sales order backlog of homes under contract at March 31, 2016 increased 12% to 13,695 homes and 14% in value to $4.1Bil.

$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.

$DHI {{ '2017-04-20T15:55:10+0000' | timeago}} • Webcast

$DHI commented that community count sequentially on average was up 2%. Therefore, it was the first time a tick up was seen in community count. The company added that it can continue to see that go up, but don't expect it to increase drastically.

$DHI {{ '2017-04-20T15:26:35+0000' | timeago}} • Webcast

$DHI said that in terms of share repurchase, the company has an outstanding authorization from the Board of $100MM, which has not been used yet. As the company looks further and generate cash flow for the third consecutive year, over the longer term, $DHI expects some level of share repurchase in its overall allocation.

$DHI {{ '2017-04-20T13:26:14+0000' | timeago}} • Announcement

$DHI declared a quarterly cash dividend of $0.10 per common share. The dividend is payable on May 19, 2017 to stockholders of record as on May 5, 2017.

$DHI {{ '2017-04-20T13:24:30+0000' | timeago}} • Announcement

$DHI's net sales orders for 2Q17 increased 14% to 13,991 homes and 17% in value to $4.2Bil YoY. Sales order backlog of homes under contract at March 31, 2017, rose 7% to 14,618 homes and 9% in value to $4.4Bil.

$DHI {{ '2017-04-20T13:20:04+0000' | timeago}} • Announcement

$DHI updated its FY17 guidance. It raised its consolidated revenue range expectation to $13.6-14Bil from $13.4-13.8Bil. It now plans to close 44,500-46,000 homes, higher than 43,500-45,500 predicted earlier. Guidance for financial services pre-tax profit margin was raised to 35% from 30%.

$DHI {{ '2017-04-20T13:10:58+0000' | timeago}} • Announcement

Construction company $DHI reported 2Q17 net income of $229.2MM, or $0.60 per share, compared to $195.1MM, or $0.52 per share, in the prior-year quarter. Homebuilding revenue increased 17% to $3.2Bil, as it closed 15% more homes YoY during the quarter. Meanwhile, revenue from Financial Services segment rose 30% to $87MM.

$DHI {{ '2017-04-20T12:19:10+0000' | timeago}} • Infographic

$DHI DR Horton Earnings AlphaGraphics: Q2 2017 Highlights

$DHI {{ '2017-01-24T19:26:17+0000' | timeago}} • Infographic

$DHI DR Horton Earnings AlphaGraphics: Q1 2017 Highlights

$DHI {{ '2017-01-24T15:52:53+0000' | timeago}} • Webcast

$DHI said that it has generated a lot of cash over the last couple of years and have consistently found some acquisitions to allocate capital to work. With the pipeline it has right now, the company expects that it will still find some acquisitions that fit.

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