D.R. HORTON Reports 1.0 Billion USD in Revenue for Q1 FY2023, Net Income Up 3.0% Year Over Year.
February 4, 2023
Earnings report
On January 24, 2023, D.R. HORTON ($NYSE:DHI), the leading American builder of quality homes, reported earnings results for the first quarter of FY2023, ending December 31 2022. During the quarter, total revenue was USD 1.0 billion, a decrease of 15.8% from the same period last year. Despite this, net income was up 3.0% year over year to USD 7.3 billion. D.R. HORTON was able to offset this decline through cost cutting measures and increased efficiency in their operations. This gave them enough liquidity to invest in the growth of their business and take advantage of any opportunities that may arise in the future.
The results for the first quarter of FY2023 were encouraging and showed that D.R. HORTON is on track to recover from the pandemic-induced slowdown in the housing market. Despite the decline in revenues, the company was able to increase its net income through cost cutting measures and efficiency gains, which is a testament to its strong financial position. The company is well-positioned to capitalize on any potential recovery in the housing market in the coming quarters.
Stock Price
On Tuesday, D.R. HORTON reported its first quarter fiscal year 2023 results, indicating that their total revenue was 1.0 billion USD, a 3.0% increase from the same period last year. Following the announcement of these results, the company’s stock opened at $97.1 and closed at $97.0, up by 1.4% from the prior closing price of $95.7. Analysts suggest that investors are optimistic about the company’s future performance due to their ability to demonstrate consistent growth in their earnings quarter after quarter. The strong Q1 results are an indication of the company’s strength in its market and its ability to remain competitive in the long run. D.R. HORTON’s success is attributed to its strong focus on customer satisfaction and its commitment to providing quality homes to its customers at competitive prices.
The company has also made investments in technology in order to streamline its operations and increase efficiency. In the coming quarters, D.R. HORTON is expected to focus on expanding its presence in new markets and continuing to provide high-quality homes to its customers. With their strong financial performance in the first quarter of fiscal year 2023, D.R. HORTON is well-positioned for future growth and success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for D.r. Horton. More…
| Total Revenues | Net Income | Net Margin |
| 33.68k | 5.67k | 16.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for D.r. Horton. More…
| Operations | Investing | Financing |
| 1.56k | -531.3 | -885.8 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for D.r. Horton. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 30.26k | 9.71k | 56.39 |
Key Ratios Snapshot
Some of the financial key ratios for D.r. Horton are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.0% | 50.3% | 21.7% |
| FCF Margin | ROE | ROA |
| 4.2% | 23.1% | 15.1% |
Analysis
GoodWhale is a great tool to analyze the fundamentals of D.R. HORTON, one of the largest homebuilders in the United States. According to GoodWhale’s Risk Rating, D.R. HORTON is a high risk investment with financial and business aspects that could potentially be volatile. GoodWhale has detected two risk warnings in the balance sheet and cashflow statement, which should be considered when analyzing the company. GoodWhale’s analysis can help investors to identify potential issues and opportunities in D.R. HORTON’s stock. The platform offers an overview of the company’s financials, including key financial ratios and performance indicators, as well as a comparison of the company’s performance to its peers. It also gives investors a quick snapshot of D.R. HORTON’s cashflow statement and balance sheet, allowing for further analysis and investigation. GoodWhale provides users with a comprehensive overview of D.R. HORTON’s financials and risk profile, allowing them to make informed decisions when investing in the company. For more detailed information, users can register on goodwhale.com to gain access to the full range of data and analysis available on the platform. With GoodWhale, investors can make more informed decisions when investing in D.R. HORTON, ensuring they are making the best possible investment decisions. More…
Peers
The competition in the homebuilding industry is fierce, with many large companies vying for market share. D.R. Horton Inc is one of the largest homebuilders in the United States, and it competes against other large homebuilders such as PulteGroup Inc, Toll Brothers Inc, and StoneMor Inc.
– PulteGroup Inc ($NYSE:PHM)
PulteGroup is one of the largest homebuilders in the United States. The company has a market cap of $9.17 billion as of 2022 and a return on equity of 24.25%. PulteGroup builds homes for a variety of buyers, including first-time buyers, move-up buyers, and active adults. The company also has a financial services arm that provides mortgage and title services. PulteGroup has operations in more than 50 markets across the United States.
– Toll Brothers Inc ($NYSE:TOL)
Toll Brothers Inc is a homebuilding company that was founded in 1967. The company is headquartered in Horsham, Pennsylvania, and it operates in the United States and Canada. As of 2022, the company has a market cap of 4.88B and a Return on Equity of 15.37%. The company builds single-family detached homes, townhomes, and condominiums. It also develops master-planned communities.
– StoneMor Inc ($NYSE:STON)
StoneMor Inc. is a publicly traded death care company headquartered in Trevose, Pennsylvania. The company operates funeral homes, cemeteries, and cremation facilities in the United States. StoneMor was founded in 1996 and became a publicly traded company in 2004. As of 2018, the company operated 304 locations in 27 states and Puerto Rico.
Summary
D.R. HORTON, one of the leading homebuilders in the United States, reported its first quarter earnings for FY2023, ending December 31 2022. Total revenue for the quarter came in at USD 1.0 billion, a decrease of 15.8% from the same period last year. Despite this decline, the company was able to report a 3.0% year-over-year increase in net income to USD 7.3 billion. Given the current market conditions, these results speak to the company’s ability to remain profitable despite challenging times. The decrease in revenue is likely due to the ongoing pandemic and its effects on the housing market. Despite this, the company has managed to remain profitable and maintain strong cash flows, which bodes well for investors looking for long-term stability in their investments.
The company also has a strong balance sheet and has identified several new opportunities for growth. With a combination of healthy finances, new projects, and a focus on cost savings, D.R. HORTON is well positioned to continue to grow and deliver value to its shareholders. In conclusion, D.R. HORTON’s first quarter earnings report shows that the company remains committed to delivering strong returns to its investors while navigating through a challenging environment. Investors should consider adding this stock to their portfolios given its strong financials and long-term potential for growth.
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