8-KOther Events

HORTON D R INC /DE/ 8-K Report (Jul 9, 2003)

Filed July 9, 2003For Securities:DHI

Summary

D.R. Horton, Inc. (DHI) filed an 8-K on July 9, 2003, reporting on its financial performance and operational metrics for the quarter and nine-month periods ended June 30, 2003. The primary focus of this filing is the disclosure of Net Sales Orders, which are a key indicator of future revenue and business activity for homebuilders. This information is being provided to comply with Regulation FD, ensuring all investors have access to material non-public information in a timely manner. Investors should pay close attention to the Net Sales Orders figures released, as they provide insight into the company's sales pipeline and demand for its homes. While this report primarily consists of a press release detailing these order numbers, it is crucial for understanding the short-to-medium term outlook for DHI. The company is using Item 9 (Regulation FD Disclosure) to present this information, as per recent SEC guidance, making it readily accessible for public review.

Key Highlights

  • 1D.R. Horton, Inc. (DHI) filed a Form 8-K on July 9, 2003.
  • 2The filing includes a press release dated July 8, 2003, disclosing Net Sales Orders for the quarter and nine months ended June 30, 2003.
  • 3This information is provided under Item 7 (Financial Statements and Exhibits) and Item 9 (Regulation FD Disclosure).
  • 4The press release serves as the primary content for this report, offering key sales order data.
  • 5The company is adhering to SEC guidance regarding the filing of operational and financial results under Item 12, incorporating it into Item 9.
  • 6Samuel R. Fuller, Executive Vice President, Treasurer, and Chief Financial Officer, signed the report.
  • 7The report focuses on providing timely, investor-focused information regarding sales performance.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly disclose D.R. Horton's Net Sales Orders for the third fiscal quarter and the first nine months of fiscal year 2003, ended June 30, 2003, via an attached press release. This ensures timely and equal access to material information for all investors.

Net Sales Orders represent the value of new homes sold during a specific period, after accounting for cancellations. For a homebuilder like D.R. Horton, these orders are a critical leading indicator of future revenue and profitability. An increase in net sales orders generally signals strong demand and a healthy sales pipeline.

The specific Net Sales Order figures are detailed in the press release dated July 8, 2003, which is attached as Exhibit 99.1 to this Form 8-K filing. Investors should refer to this exhibit for the quantitative data.

The company is providing the information under Item 9 as per interim guidance issued by the SEC. This approach allows them to disclose the required financial and operational information, specifically the Net Sales Orders, in a manner compliant with Regulation FD, ensuring broad dissemination while adhering to reporting requirements.