DHI SEC Filings

D.R. Horton, Inc. (DHI) announced a significant expansion of its share repurchase program through an 8-K filing on September 15, 2026. The Board of Directors has authorized an additional $5.0 billion for the repurchase of the company's common stock, with no set expiration date. This substantial authorization signals management's confidence in the company's financial health and its commitment to returning capital to shareholders. This new authorization, coupled with the remaining $53 million under the previous program, provides DHI with significant flexibility to execute buybacks. The company also revised its fiscal 2026 repurchase expectations, now anticipating at least $3.25 billion in total repurchases for the year. Investors should view this as a positive signal, indicating strong free cash flow generation and a strategic focus on enhancing shareholder value by reducing the number of outstanding shares.

D.R. Horton, Inc. (DHI) reported its financial results for the quarter and nine months ended June 30, 2026. For the quarter, consolidated revenues remained stable at $9.2 billion, but pre-tax income decreased by 10% to $1.2 billion, leading to a 12% drop in net income attributable to D.R. Horton to $904.9 million. Diluted earnings per share declined by 5% to $3.20. The homebuilding segment showed a 1% increase in revenue to $8.7 billion, driven by a 4% rise in homes closed, though the average closing price decreased by 2%. Home sales gross margin contracted to 20.7% from 21.8% year-over-year, reflecting increased sales incentives and higher costs. For the nine months ended June 30, 2026, consolidated revenues decreased by 4% to $23.7 billion, and net income attributable to D.R. Horton fell by 20% to $2.1 billion, with diluted EPS at $7.45. The company's balance sheet shows total assets of $36.5 billion and total liabilities of $12.1 billion as of June 30, 2026. Stockholders' equity stood at $23.8 billion. Inventories represent a significant portion of assets, totaling $26.7 billion, an increase from $25.3 billion in the prior year. The company's debt-to-capital ratio increased to 23.0% from 19.8% at the end of the previous fiscal year, indicating higher leverage.

D.R. Horton, Inc. (DHI) has filed an 8-K report on July 21, 2026, announcing its financial results for the third quarter ended June 30, 2026. The report primarily incorporates a press release detailing these results and the declaration of a quarterly dividend. Investors should refer to the attached Exhibit 99.1 for comprehensive details on the company's performance during the quarter. This filing provides timely updates on the company's operational and financial standing, including its profitability and shareholder distribution strategy. The key takeaway for investors is the announcement of D.R. Horton's third-quarter performance metrics and the continued commitment to returning capital to shareholders through a regular dividend. While the 8-K itself does not contain granular financial data, it directs stakeholders to the accompanying press release for detailed figures such as revenue, earnings per share, and other key performance indicators. Investors interested in the homebuilding sector and DHI's specific market position will find this report essential for understanding the company's recent trajectory and future outlook.

D.R. Horton, Inc. (DHI) announced a significant amendment to its Master Repurchase Agreement through its wholly-owned subsidiary, DHI Mortgage Company, Ltd. The Fifth Amendment to the Fourth Amended and Restated Master Repurchase Agreement, effective May 6, 2026, substantially enhances the financial flexibility and liquidity available to DHI Mortgage. Key changes include a substantial increase in the financing capacity and an extension of the maturity date, providing a more robust and longer-term funding structure.

D.R. Horton, Inc. (DHI) reported its financial results for the quarter ended March 31, 2026. The company experienced a decrease in consolidated revenues and net income compared to the prior year period, reflecting industry-wide affordability constraints and cautious consumer sentiment. Despite the revenue and income decline, DHI saw an increase in net sales orders and a growing backlog, indicating a resilient demand for its product offerings, particularly its focus on affordable housing. The company continues to manage pricing, incentives, and inventory levels closely to adapt to local market conditions. The balance sheet remains strong with a manageable debt-to-capital ratio, and the company is actively returning capital to shareholders through stock repurchases and dividends.

D.R. Horton, Inc. (DHI) announced its second quarter results for the period ending March 31, 2026, via a press release filed on April 21, 2026. While the filing itself is brief, it directs investors to an attached press release (Exhibit 99.1) for detailed financial performance and operational updates. This filing serves as a notification that the company's quarterly earnings information is now publicly available, and investors should refer to the referenced press release for specific figures and commentary on the company's financial condition and operational results during the second quarter.

D.R. Horton, Inc. (DHI) announced significant updates to its credit facilities through two separate amendments, Amendment No. 13 to its D.R. Horton Credit Agreement and Amendment No. 2 to its DRH Rental, Inc. Credit Agreement, both effective March 27, 2026. These amendments, entered into with Mizuho Bank, Ltd. as Administrative Agent and various lenders, aim to enhance the company's financial flexibility and extend its borrowing capacity. The modifications are crucial for DHI's ongoing operational needs and strategic growth initiatives in the dynamic housing market. Key adjustments include a substantial increase in the Aggregate Revolving Credit Commitment to $3.295 billion and the Aggregate Credit Facility Limit to $4.0 billion for D.R. Horton. Additionally, the company has extended the maturity dates for its revolving credit commitments across multiple tranches, with some extending as far as March 2031. DRH Rental, Inc., a wholly-owned subsidiary, also saw its senior unsecured revolving credit facility extended to March 27, 2030, with adjustments to fees and interest rate margins. These changes signal a proactive approach by DHI to secure and optimize its financing arrangements.

D.R. Horton, Inc. (DHI) reported a decrease in revenues and net income for the quarter ended December 31, 2025, compared to the prior year. Consolidated revenues were $6.9 billion, down 10%, and net income attributable to D.R. Horton, Inc. was $594.8 million, a decrease of 30% from $844.9 million in the prior year period. Diluted earnings per share also declined to $2.03 from $2.61. This performance was impacted by a slowdown in the homebuilding sector, with home sales revenues decreasing by 9% and home sales gross margin declining to 20.4% due to increased sales incentives aimed at supporting demand amidst affordability constraints and cautious consumer sentiment. Despite the year-over-year decline, the company demonstrated resilience. Net sales orders increased slightly in volume and remained flat in value, indicating steady underlying demand. The company maintained a strong balance sheet with a debt-to-total capital ratio of 18.8% and significant liquidity. D.R. Horton continues to execute its strategy of managing inventory, focusing on affordability, and returning capital to shareholders through dividends and share repurchases, with $2.6 billion remaining on its stock repurchase authorization.

D.R. Horton, Inc. (DHI) has filed an 8-K report on January 20, 2026, to announce its first-quarter financial results for the period ending December 31, 2025. The report incorporates by reference a press release detailing these results and also announces the declaration of a quarterly dividend. Investors should refer to the press release (Exhibit 99.1) for specific financial performance metrics and dividend details. While the 8-K itself does not contain the detailed financial figures, it serves as the official notification of the release of this information. The attached press release is the primary source for understanding DHI's operational and financial condition as of the end of the first fiscal quarter of 2026. Investors are advised to review Exhibit 99.1 for comprehensive insights into revenue, earnings, and any forward-looking statements made by the company.

D.R. Horton, Inc. (DHI) has filed an 8-K report detailing the outcomes of its Annual Meeting of Stockholders held on January 15, 2026. The meeting covered three key proposals: the election of eight director nominees, an advisory vote on executive compensation, and the ratification of Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2026. All proposals received overwhelming support from stockholders. The eight director nominees were elected by substantial margins, indicating strong confidence in the current board leadership. Similarly, the executive compensation plan was approved by an advisory vote, and the appointment of Ernst & Young LLP as the company's auditor for the upcoming fiscal year was overwhelmingly ratified. These results suggest a stable governance environment and continued shareholder alignment with management and audit oversight.

D.R. Horton, Inc. (DHI) has reported its fiscal year 2025 results, showcasing its continued leadership as the largest homebuilder in the U.S. Despite a 7% decrease in consolidated revenues to $34.3 billion and a 25% drop in pre-tax income to $4.7 billion compared to fiscal 2024, the company maintained a strong market position. The decline in revenue and profitability is attributed to a 5% decrease in homes closed and a 7% decrease in home sales revenue, influenced by ongoing affordability constraints and cautious consumer sentiment, leading to increased sales incentives and a lower home sales gross margin of 21.5%. The company's robust balance sheet and liquidity position provide flexibility to navigate current economic conditions. Despite the challenging market, D.R. Horton continues to focus on its strategic initiatives, including managing inventory levels, offering diverse product types, and controlling costs. The company also demonstrated its commitment to shareholder returns through substantial share repurchases and dividend payments. Its integrated business model, encompassing homebuilding, rental, lot development (through Forestar), and financial services, provides diversification and resilience. Investors should note the impact of rising interest rates on affordability and the company's strategy to adapt through incentives and pricing adjustments.

D.R. Horton, Inc. (DHI) has filed an 8-K report on October 28, 2025, to announce its financial results for the fourth quarter and full fiscal year ended September 30, 2025. The report primarily incorporates by reference a press release detailing these results, which also includes information on the declaration of its quarterly dividend. Investors should refer to the attached press release (Exhibit 99.1) for comprehensive details on the company's performance and financial condition during the period. While the 8-K itself is brief and references an external document, the key takeaway for investors is the timing of this financial update. The press release will contain critical metrics such as revenue, net income, earnings per share, and housing inventory levels, as well as any forward-looking guidance provided by the company. The declaration of the quarterly dividend also signals the company's confidence in its ongoing financial health and commitment to returning capital to shareholders.

D.R. Horton, Inc. (DHI) reported its financial results for the third quarter of fiscal year 2025, revealing a decrease in revenues and net income compared to the prior year period. Consolidated revenues declined by 7% to $9.2 billion, and net income attributable to D.R. Horton, Inc. decreased by 24% to $1.0 billion. Diluted earnings per share also saw a reduction, falling 18% to $3.36. This performance reflects ongoing challenges in the housing market, including affordability constraints and cautious consumer sentiment, leading to increased sales incentives and a slight decline in home sales gross margin to 21.8%. Despite the sequential decline, the company maintained a strong inventory and land position, with 76% of lots controlled through purchase contracts. Homebuilding revenues saw a 7% decrease, with homes closed down 4% and average closing prices down 3%. Forestar, the lot development subsidiary, experienced revenue growth of 23%, although pre-tax income declined. The company ended the quarter with a solid balance sheet and liquidity, demonstrating its ability to navigate market fluctuations while continuing capital return to shareholders through stock repurchases and dividends.

D.R. Horton, Inc. (DHI) has filed an 8-K report on July 22, 2025, to announce its financial and operational results for the third quarter ended June 30, 2025. The primary focus of this filing is the accompanying press release, which details the company's performance and also announces the declaration of its quarterly dividend. Investors should refer to the press release for specific financial metrics and forward-looking statements, as this 8-K primarily serves to incorporate that information by reference. The company's disclosure of its third-quarter results is a critical event for investors, providing insights into the housing market conditions, DHI's sales trends, and profitability. The declaration of a quarterly dividend suggests continued confidence in the company's financial health and its commitment to returning capital to shareholders. Further details on the financial performance, including revenue, net income, and earnings per share, as well as the dividend amount, are expected to be found within the referenced press release (Exhibit 99.1).

D.R. Horton, Inc. (DHI) announced through its wholly-owned subsidiary, DHI Mortgage Company, Ltd., the execution of the Fourth Amendment to its Master Repurchase Agreement (the "Amended Repurchase Facility") with U.S. Bank National Association as Administrative Agent and other Buyers. This amendment, effective May 8, 2025, primarily extends the facility's term and adjusts its commitment structure, ensuring continued financing and liquidity for DHI Mortgage's operations. The facility allows DHI Mortgage to transfer eligible loans to buyers in exchange for funds, supporting its purchase transactions. The Amended Repurchase Facility has a maximum aggregate commitment of $1.4 billion, with an accordion feature allowing it to increase up to $2.0 billion under certain conditions, such as obtaining additional commitments from existing or new buyers. Notably, amounts outstanding under this facility are not guaranteed by the parent company, D.R. Horton, Inc., or its other subsidiaries involved in homebuilding, rental, or Forestar operations. The extended term runs until May 6, 2026, or earlier termination events, providing a stable financing runway for the subsidiary.

D.R. Horton, Inc. (DHI) announced the successful completion of a public offering of $500 million in 4.850% Senior Notes due 2030. The company secured net proceeds of approximately $496.7 million from this issuance, which will be governed by a Senior Debt Securities Indenture. These notes are general unsecured obligations of the company and are guaranteed by most of its homebuilding subsidiaries, ranking equally with existing and future unsecured debt that is not subordinated. The issuance provides DHI with additional capital, potentially to support its ongoing operations and strategic initiatives within the homebuilding sector. Investors should note the coupon rate of 4.850% and the maturity date of October 15, 2030. The company retains the option to redeem the notes, with specific redemption prices detailed based on the timing relative to September 15, 2030. Additionally, a change of control event coupled with a ratings downgrade could trigger a mandatory purchase offer from the company at 101% of the principal amount.

D.R. Horton, Inc. (DHI) announced the successful completion of a public offering of $500 million in 4.850% Senior Notes due 2030. This offering, registered under a Form S-3, signifies the company's strategic move to raise capital, likely for ongoing operations, construction projects, or potential acquisitions. The notes are backed by a group of DHI's subsidiaries acting as Guarantors, enhancing their creditworthiness. This issuance, which closed on May 5, 2025, was facilitated through an underwriting agreement with prominent financial institutions, including Mizuho Securities USA LLC, U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC. The notes will be governed by an indenture, further detailing the terms and conditions of this debt financing. Investors should note the fixed interest rate of 4.850% and the maturity date of 2030, which provides a long-term perspective on the company's debt structure.

D.R. Horton, Inc. (DHI) reported a challenging third quarter for fiscal year 2025, with consolidated revenues declining 15% year-over-year to $7.7 billion. This decline was primarily driven by a 15% decrease in homebuilding revenues, reflecting a 15% reduction in homes closed and a slight decrease in the average selling price. Higher interest rates and affordability constraints continued to impact new home demand, leading to increased sales incentives and a lower home sales gross margin of 21.8%. Despite the top-line pressure, the company demonstrated strong cost management and capital allocation. Net income attributable to D.R. Horton decreased by 31% to $810.4 million, resulting in diluted earnings per share of $2.58. The company maintained a robust balance sheet with stockholders' equity of $24.3 billion and a debt-to-total capital ratio of 21.1%, indicating continued financial flexibility. DHI also continued its commitment to shareholder returns through substantial share repurchases, totaling $1.3 billion in the quarter, and consistent dividend payments.

D.R. Horton, Inc. (DHI) has filed an 8-K report on April 17, 2025, to announce its financial results for the second quarter ended March 31, 2025, and to declare its quarterly dividend. The core of this filing is the attached press release (Exhibit 99.1), which provides detailed operational and financial condition information for the quarter. Investors should refer to this press release for specific metrics and forward-looking statements as it contains the primary disclosure of the company's performance and strategic updates. While the 8-K itself is brief, it serves as a notification and incorporation mechanism for the press release. The declaration of a quarterly dividend suggests continued confidence in the company's financial stability and commitment to shareholder returns. Investors are encouraged to review the full press release for comprehensive details on revenue, profitability, backlog, and any guidance provided by management.

D.R. Horton, Inc. (DHI) has announced the completion of a public offering for $700 million in aggregate principal amount of 5.500% Senior Notes due 2035. The offering yielded net proceeds of $695.2 million after underwriting discounts. These notes are governed by the Senior Debt Securities Indenture, as supplemented by the Seventh Supplemental Indenture. The interest rate of 5.500% per annum will be paid semi-annually, with a maturity date of October 15, 2035. The issuance of these notes provides DHI with significant liquidity and extends its debt maturity profile. The notes are guaranteed by substantially all of the company's current homebuilding subsidiaries, providing an additional layer of security. Investors should note the optional redemption features and the change of control provisions, which offer certain protections. The notes are unsecured and rank pari passu with existing and future unsecured indebtedness.

D.R. Horton, Inc. (DHI) announced on February 26, 2025, the closing of its underwritten public offering of $700 million aggregate principal amount of 5.500% Senior Notes due 2035. This offering, registered under a Form S-3 filing, was facilitated through an underwriting agreement with Mizuho Securities USA LLC, J.P. Morgan Securities LLC, and TD Securities (USA) LLC. The issuance of these notes, which mature in 2035, is structured under an indenture with Truist Bank as the trustee, as supplemented by a Seventh Supplemental Indenture. This debt issuance provides DHI with additional capital, the proceeds of which are likely intended for general corporate purposes, including potentially funding its homebuilding operations, land acquisition, or other strategic initiatives. Investors in the senior notes are purchasing a debt instrument with a stated coupon rate of 5.500%, offering a fixed income stream over the next decade. The closing of this offering on February 26, 2025, subject to customary conditions, signifies the completion of this significant financing event.

D.R. Horton, Inc. (DHI) reported its financial results for the quarter ended December 31, 2024. While consolidated revenues saw a slight decrease of 1% year-over-year to $7.6 billion, the company maintained solid demand for new homes despite elevated mortgage rates and inflation. Net income attributable to D.R. Horton, Inc. decreased by 11% to $844.9 million, resulting in diluted earnings per share of $2.61, down from $2.82 in the prior year period. The company's balance sheet remains strong, with total assets of $35.0 billion and total equity of $25.5 billion. DHI continues to focus on capital efficiency, with a debt-to-total capital ratio of 17.0%. The company repurchased approximately $1.1 billion of its common stock during the quarter and declared a quarterly dividend of $0.40 per share, demonstrating a commitment to returning capital to shareholders.

D.R. Horton, Inc. (DHI) has filed an 8-K report on January 21, 2025, to announce its financial results for the first quarter ended December 31, 2024. The company also declared its quarterly dividend. The full details of these results are available in the press release attached as Exhibit 99.1 to this filing. Investors should review the press release for specific financial performance metrics, including revenue, earnings per share, and any forward-looking guidance provided by the company. The declaration of a quarterly dividend suggests continued confidence in the company's financial health and its commitment to returning value to shareholders.

D.R. Horton, Inc. (DHI) filed an 8-K on January 17, 2025, reporting the results of its Annual Meeting of Stockholders held on January 16, 2025. The meeting addressed three key proposals: the election of directors, an advisory vote on executive compensation, and the ratification of the company's independent registered public accounting firm. All three proposals received overwhelming support from stockholders, indicating strong shareholder confidence in the company's leadership and governance.

D.R. Horton, Inc. (DHI) has filed an 8-K detailing significant amendments to its existing Credit Agreement, specifically Amendment No. 12. This amendment, effective December 18, 2024, involves key adjustments to its revolving credit facility. The most impactful changes for investors include the extension of the Series A Revolving Credit Facility Termination Date to December 18, 2029, and an increase in the Aggregate Revolving Credit Commitment to $2.23 billion. These modifications demonstrate the company's proactive approach to managing its financial resources and ensuring continued access to liquidity. The extended maturity date provides greater financial flexibility and stability for D.R. Horton's operations and strategic initiatives over the next five years. The increased credit commitment suggests confidence from lenders in the company's financial health and its ability to manage a larger debt facility.

D.R. Horton, Inc. (DHI) has demonstrated resilience and continued growth in its fiscal year ending September 30, 2024, maintaining its position as the largest homebuilder in the U.S. The company reported consolidated revenues of $36.8 billion, a 4% increase from the previous year, with net income attributable to D.R. Horton remaining strong at $4.8 billion. Despite facing elevated mortgage interest rates and inflationary pressures, DHI saw a 10% increase in net sales orders, indicating solid demand for its diverse product offerings across 125 markets in 36 states. The company's strategic focus on affordability, operational efficiency, and a strong balance sheet, characterized by a low debt-to-total capital ratio of 18.9%, positions it well for continued success in the evolving housing market. Key financial performance indicators show consistent home closings, with an 8% increase in homes closed to 89,690. While the average closing price saw a slight 1% decrease to $378,000, the home sales gross margin remained robust at 23.5%. The company continues to manage inventory effectively, with a significant portion of its land and lots controlled through purchase contracts. DHI Mortgage also performed well, originating financing for 78% of its home sales, contributing positively to segment revenues and income. The company also returned capital to shareholders through a $4.0 billion stock repurchase authorization and increased its quarterly dividend. Looking ahead, D.R. Horton remains committed to its strategy of leveraging its scale, financial strength, and operational expertise to drive long-term shareholder value. The company's ability to adapt its product offerings, pricing, and incentives to market conditions, coupled with its extensive land and lot position and diversified geographic presence, provides a strong foundation for navigating future economic cycles and capitalizing on opportunities in the U.S. housing market.

D.R. Horton, Inc. (DHI) announced an amendment to its Stockholder's Agreement with Forestar Group Inc. (Forestar) on October 28, 2024. The primary change involves an increase in the approval thresholds for investment decisions and capital expenditures made by Forestar. Specifically, the threshold requiring Forestar's Investment Committee to have sole responsibility for investment decisions involving capital expenditures of $20 million or less has been raised to $45 million. Similarly, the threshold requiring D.R. Horton's prior written consent for Forestar to acquire businesses, operations, or make significant investments exceeding $20 million has also been increased to $45 million. These new thresholds are subject to annual adjustments based on the S&P CoreLogic Case-Shiller U.S. National Home Price Index. If the index shows a negative change, the threshold will remain the same. It's important to note that these changes are contingent upon Forestar's stockholders approving an amendment to Forestar's Certificate of Incorporation (Charter Amendment) at their 2025 Annual Meeting. Until such approval, the existing Charter provisions will remain in effect. D.R. Horton currently owns approximately 62% of Forestar's outstanding common stock.

D.R. Horton, Inc. (DHI) filed an 8-K on October 29, 2024, to announce its fourth quarter and full fiscal year 2024 results for the period ended September 30, 2024. The report primarily incorporates a press release detailing these financial outcomes and also announces the company's quarterly dividend declaration. Investors should review the attached press release (Exhibit 99.1) for specific financial performance metrics, earnings per share, revenue figures, and any forward-looking guidance or commentary provided by management regarding the company's operational and financial condition. This filing serves as a key update for stakeholders on the company's recent performance and capital return strategy. While the 8-K itself is brief, it directs investors to the substantive financial details within the included press release. This press release is expected to contain the core financial results, including commentary on sales, closings, backlog, and profitability for the fourth quarter and the full fiscal year. The declaration of a quarterly dividend also signals management's confidence and commitment to returning capital to shareholders. Investors should pay close attention to year-over-year comparisons and any management outlook for the upcoming fiscal year.

D.R. Horton, Inc. (DHI) announced via an 8-K filing that its wholly-owned subsidiary, DHI Mortgage Company, Ltd., has entered into the Third Amendment to its Master Repurchase Agreement. This amendment, effective August 29, 2024, primarily extends the term of the existing repurchase facility through May 9, 2025, or an earlier termination date as stipulated by the agreement. This facility is crucial for DHI Mortgage, providing essential financing and liquidity by enabling purchase transactions where DHI Mortgage transfers eligible loans to buyers in exchange for funds.

D.R. Horton, Inc. (DHI) announced significant changes to its Board of Directors and an update to its bylaws via an 8-K filing on August 28, 2024. The company appointed three new independent directors: Barbara R. Smith, M. Chad Crow, and Elaine D. Crowley. These appointments expand the Board to ten directors, with eight now being independent, enhancing the Board's governance structure and oversight capabilities. The new directors bring extensive experience from leadership roles in public companies within the construction products, building materials, and retail sectors, and have been assigned to key committees, including Nominating and Governance, Compensation, and Audit. In addition to the board changes, D.R. Horton has updated its bylaws, effective August 23, 2024. These amendments aim to align the bylaws more closely with Delaware General Corporation Law, clarify procedural requirements for stockholder-submitted nominations and business proposals, and refine the advance notice provisions. Notably, the changes address the Board's role in assessing the validity of stockholder notices, disclosure requirements for proposing stockholders and nominees, and introduce a specific requirement for the color of proxy cards used by those soliciting proxies. These bylaw updates are designed to improve corporate governance and streamline the shareholder engagement process.

D.R. Horton, Inc. (DHI) announced on August 14, 2024, the successful offering and sale of $700 million in aggregate principal amount of 5.000% Senior Notes due 2034. This offering was registered under a Form S-3 registration statement and is expected to close on the same day, subject to customary closing conditions. The issuance of these notes, governed by an Indenture and a Sixth Supplemental Indenture with Truist Bank as trustee, represents a significant financing activity for the company. Investors should note the specific interest rate and maturity date of these notes as they are part of DHI's long-term debt structure.

D.R. Horton, Inc. (DHI) has announced the completion of a significant public offering of $700 million in aggregate principal amount of 5.000% Senior Notes due 2034. The company received net proceeds of approximately $688.5 million from this issuance, after accounting for underwriting discounts. These new notes are governed by a Senior Debt Securities Indenture, as supplemented by the Sixth Supplemental Indenture, and will mature on October 15, 2034. These senior notes bear a coupon of 5.000% and interest will be paid semi-annually starting April 15, 2025. Importantly, the notes are guaranteed by substantially all of DHI's current homebuilding subsidiaries, providing an additional layer of security for noteholders. The offering and the notes have been approved for listing on the New York Stock Exchange. The terms allow for optional redemption by the company and include provisions for a change of control event that also involves a ratings downgrade, requiring DHI to make a repurchase offer at 101% of the principal amount.

D.R. Horton, Inc. (DHI) reported solid financial results for the third quarter of fiscal year 2024, with consolidated revenues increasing 2% to $10.0 billion and net income attributable to D.R. Horton increasing 1% to $1.35 billion. Diluted earnings per share rose 5% to $4.10. The company demonstrated strong performance in its core homebuilding segment, with revenues up 6% to $9.2 billion and pre-tax income up 7%. Home sales gross margin improved to 24.0% due to decreasing home costs relative to selling prices. The company continues to navigate a dynamic housing market, employing pricing adjustments and incentives to maintain demand. Despite persistent higher interest rates, the demand for new homes remains solid, supported by a limited supply of affordable housing. DHI's substantial land and lot position, with 76% controlled through purchase contracts, provides strategic flexibility. While the rental segment saw a decline in revenues and pre-tax income, other segments like financial services showed growth. DHI maintains a strong balance sheet with debt to total capital at 18.8% and significant liquidity. The company continues to return capital to shareholders through dividends and share repurchases, demonstrating confidence in its ongoing financial strength and market position.

D.R. Horton, Inc. (DHI) has filed an 8-K reporting its third quarter 2024 results, as of June 30, 2024. The company announced its financial performance for the quarter and declared its regular quarterly dividend. While the 8-K itself doesn't provide the specific financial figures, it directs investors to a press release (Exhibit 99.1) which contains the detailed earnings information and dividend declaration. Investors should refer to the attached press release for a comprehensive understanding of DHI's performance, including key metrics such as revenue, net income, earnings per share, and any guidance provided for future periods. The declaration of a quarterly dividend signals continued confidence in the company's financial health and its commitment to returning value to shareholders.

D.R. Horton, Inc. (DHI) announced on May 17, 2024, the passing of its Founder and Chairman of the Board, Donald R. Horton, which occurred on May 16, 2024. This is a significant event for the company, given Mr. Horton's foundational role and leadership. The company also reported that the Board of Directors has appointed David V. Auld, previously Executive Vice Chairman, as the new Executive Chairman, effective immediately. This leadership transition is a key focus for investors following this news. The filing is an 8-K report, specifically addressing other events and exhibits. While it announces a pivotal leadership change due to a deeply unfortunate event, it does not disclose any new financial results or other material business updates beyond the executive appointment. Investors should monitor future communications for any strategic implications arising from this transition.

D.R. Horton, Inc. (DHI) reported strong financial results for the quarter and six months ended March 31, 2024. The company experienced significant growth in home sales revenues and the number of homes closed, driven by increased demand and improved market conditions. Key operational highlights include a substantial increase in net sales orders, indicating robust future demand, alongside a growing homebuilding inventory and a strong lot position controlled through purchase contracts. The company also saw improved home sales gross margins and maintained efficient selling, general, and administrative expenses. Forestar, the residential lot development subsidiary, also delivered strong revenue and pre-tax income growth. DHI Mortgage demonstrated increased loan origination volume and improved revenue and profitability. The company's balance sheet remains solid, with a healthy stockholders' equity and controlled debt-to-total capital ratio. DHI continues to return capital to shareholders through dividends and share repurchases. Despite elevated interest rates and inflationary pressures, DHI's management expresses confidence in its ability to navigate market conditions due to its affordable product offerings, extensive lot supply, and strategic focus on operational efficiency and capital management.

D.R. Horton, Inc. (DHI) has filed an 8-K report on April 18, 2024, announcing its financial results for the second quarter ended March 31, 2024. The company also declared its quarterly dividend, indicating continued commitment to returning capital to shareholders. The press release, furnished as an exhibit, contains the specific financial details and operational highlights for the quarter. Investors should refer to the attached press release for comprehensive information regarding DHI's performance, including revenue, earnings, and any forward-looking guidance. While the 8-K itself is brief, it signals the release of key financial data. Investors are encouraged to review the referenced press release (Exhibit 99.1) for in-depth analysis of D.R. Horton's operational and financial condition during the reported period. This includes important metrics that will influence investor decisions regarding the company's stock.

D.R. Horton, Inc. (DHI) announced a material amendment to its existing repurchase facility through its subsidiary, DHI Mortgage Company, Ltd. The Second Amendment to the Fourth Amended and Restated Master Repurchase Agreement, effective February 16, 2024, primarily concerns the financing and liquidity provided to DHI Mortgage. This facility allows DHI Mortgage to transfer eligible loans to buyers in exchange for funds, essentially a financing mechanism for its loan portfolio. The key update is the modification of the Amended Repurchase Facility's terms. While the specific details of the amendment are not fully disclosed in this 8-K, it's crucial to note that the facility's Maximum Aggregate Commitment remains at $1.6 billion, with an expandable accordion feature allowing it to increase up to $2.0 billion under certain conditions, such as additional commitments from existing or new buyers. The facility extends until February 13, 2025, or earlier termination events. Importantly, D.R. Horton, Inc. does not guarantee amounts outstanding under this facility.

D.R. Horton, Inc. (DHI) reported solid financial results for the second quarter of fiscal year 2024, showcasing a resilient business model in the current economic climate. The company saw an increase in both home sales revenues and the number of homes closed compared to the prior year, driven by a significant 35% rise in net sales orders. Despite ongoing inflationary pressures and elevated mortgage rates, demand for new homes remained strong, with DHI leveraging pricing adjustments and incentives to adapt to market conditions. The company's financial services segment experienced substantial growth in both revenues and pre-tax income, indicating strong captive financing support for homebuyers. The balance sheet remains robust, with a healthy inventory of owned and controlled lots and a strong focus on managing inventory levels relative to demand. DHI's commitment to shareholder returns is evident through its ongoing share repurchase program and consistent dividend payments. The company's strategic focus on affordability, operational efficiency, and a diversified business model across homebuilding, rental, lot development, and financial services positions it well to navigate market uncertainties and continue delivering value to its shareholders.

D.R. Horton, Inc. (DHI) filed an 8-K on January 23, 2024, primarily to announce its financial results for the first quarter ended December 31, 2023. The company issued a press release detailing these results, which is incorporated by reference into the filing. Investors should refer to this press release for specific financial performance metrics and operational updates for the quarter. The filing also confirms the declaration of the company's quarterly dividend. While the 8-K itself does not contain the detailed financial figures, it directs stakeholders to the accompanying press release (Exhibit 99.1) for comprehensive information on revenue, net income, earnings per share, and other key performance indicators for the first quarter of fiscal year 2024.

D.R. Horton, Inc. (DHI) filed an 8-K on January 18, 2024, reporting key outcomes from its Annual Meeting of Stockholders held on January 17, 2024. The most significant development for investors is the overwhelming approval of the D.R. Horton, Inc. 2024 Stock Incentive Plan. This plan authorizes 18,900,000 new shares for awards, a crucial mechanism for long-term executive and employee compensation and future equity-based incentives. In addition to the new stock incentive plan, the meeting saw all director nominees elected with substantial support, and shareholders ratified the appointment of Ernst & Young LLP as the company's independent registered public accounting firm for fiscal year 2024. Furthermore, the advisory vote on executive compensation was approved, with a strong preference for annual voting frequency. These outcomes reflect continued shareholder confidence in the company's governance and compensation practices.

D.R. Horton, Inc. (DHI) reported solid performance in fiscal year 2023, despite a softening housing market due to rising interest rates. As the largest homebuilder in the U.S. by homes closed, DHI saw consolidated revenues increase by 6% to $35.5 billion. However, pre-tax income decreased by 17% to $6.3 billion, and diluted earnings per share fell to $13.82 from $16.51 in the prior year. This was primarily driven by a lower home sales gross margin (23.5% vs. 28.7%) stemming from increased use of incentives and pricing adjustments to maintain sales volume amidst higher mortgage rates. The company demonstrated resilience by increasing net sales orders by 3% in volume, though the value decreased by 3% due to lower average selling prices. DHI's strategic focus on affordability, combined with a strong land and lot position controlled through purchase contracts and its relationship with Forestar Group Inc., positions it well to navigate market fluctuations. The company also reported significant growth in its rental segment and continued to return capital to shareholders through dividends and share repurchases.

D.R. Horton, Inc. (DHI) filed an 8-K on November 7, 2023, to report its financial results for the fourth quarter and full fiscal year ended September 30, 2023. The report primarily incorporates a press release announcing these results and the declaration of a quarterly dividend. While the filing itself is brief, the attached press release contains the crucial financial and operational details investors need to assess the company's performance. Investors should refer to Exhibit 99.1 for comprehensive information regarding D.R. Horton's performance, including revenue, net income, earnings per share, and other key operational metrics for the reported periods.

Horton D.R. Inc. (DHI) has filed an 8-K report on November 3, 2023, detailing the fiscal year 2024 compensation for its Chairman of the Board and Strategic Advisor, Donald R. Horton. The compensation package is designed to incentivize continued strategic guidance and leadership for the upcoming fiscal year, which ends on September 30, 2024. Key components of Mr. Horton's compensation include a substantial cash payment and a significant award of Restricted Stock Units (RSUs). This structure aims to align Mr. Horton's interests with those of the shareholders by tying a portion of his compensation to the company's stock performance. The RSUs will vest over a three-year period, promoting long-term commitment and value creation. Investors should note the details of this executive compensation as it represents a material aspect of the company's operational and financial planning for fiscal 2024.

D.R. Horton, Inc. (DHI) announced an amendment to its senior unsecured revolving credit facility through its subsidiary, DRH Rental, Inc. The key update involves extending the facility's termination date by two years, from its original expiration to October 10, 2027. This extension provides greater financial flexibility and certainty for the company over a longer horizon. Furthermore, the amendment significantly increases the facility's accordion feature, allowing for a potential expansion of the aggregate credit limit up to $2.0 billion, subject to certain conditions and lender commitments. This enhanced borrowing capacity could support future growth initiatives or provide additional liquidity during periods of increased demand or strategic opportunities. The core structure of the facility, including the guarantors (material wholly-owned subsidiaries of DRH Rental) and exclusions (D.R. Horton, Inc. and certain other subsidiaries), remains consistent.

D.R. Horton, Inc. (DHI) announced a significant leadership transition effective October 1, 2023, through an 8-K filing on September 20, 2023. The most impactful change for investors is the appointment of Paul J. Romanowski as the new President and Chief Executive Officer, succeeding David V. Auld. Mr. Romanowski, with extensive experience within DHI since 1999, including his recent role as Executive Vice President and Co-Chief Operating Officer, is well-positioned to lead the company. His appointment to the Board of Directors also strengthens its composition, increasing the total number of directors to eight. Concurrently, David V. Auld will transition to the role of Executive Vice Chair of the Board, a move that signifies a shift in executive responsibilities while retaining valuable leadership experience within the company. Donald R. Horton will continue as Chairman of the Board but will no longer serve as an executive officer. The Compensation Committee is expected to review executive compensation in light of these changes, which suggests a potential realignment of incentive structures moving forward.

D.R. Horton, Inc. (DHI) reported strong revenue growth and solid profitability in its fiscal third quarter of 2023, demonstrating resilience despite a challenging macroeconomic environment. The company saw a notable increase in home sales revenue and a significant surge in net sales orders, indicating robust demand for its housing products. While gross margins in the homebuilding segment experienced a decline due to increased costs and pricing adjustments, sequential improvement was observed, suggesting stabilization. The company's diversified business model, encompassing homebuilding, lot development (Forestar), financial services, and rental operations, contributed to overall performance. The rental segment, in particular, showed substantial revenue growth. DHI's strong balance sheet and ample liquidity position it well to navigate potential economic uncertainties and continue its strategic initiatives, including returning capital to shareholders. Overall, the report indicates a company that is effectively managing market dynamics, leveraging its scale and geographic diversity to maintain a competitive edge and deliver value to its shareholders, though margin pressures warrant attention.

D.R. Horton, Inc. (DHI) filed an 8-K on July 20, 2023, to report its financial results for the third quarter ended June 30, 2023, and to announce its quarterly dividend declaration. The core of this filing is the press release (Exhibit 99.1) detailing the company's operational performance and financial condition during the quarter. Investors should pay close attention to the information provided in this press release for insights into DHI's business trajectory, profitability, and capital allocation strategies. While the 8-K itself is brief, it serves as the official notification and incorporation-by-reference mechanism for the more detailed press release. This means the actual financial and operational data, along with forward-looking statements or management commentary, are contained within Exhibit 99.1. Investors will need to review that exhibit to fully understand the implications of the company's third-quarter performance, including revenue, earnings, home closings, and any guidance provided for future periods. The declaration of a quarterly dividend also signals the company's ongoing commitment to returning capital to shareholders.

D.R. Horton, Inc. (DHI) reported its financial results for the quarter ending March 31, 2023. The company experienced a decrease in net income and diluted EPS compared to the prior year, reflecting a challenging macroeconomic environment with elevated inflation and interest rates. Despite these headwinds, DHI saw a significant improvement in net sales orders sequentially as the spring selling season began, indicating a rebound in demand likely driven by seasonal factors and pricing adjustments. Despite the year-over-year decline in profitability, DHI maintains a strong balance sheet and liquidity position, providing flexibility. The company's strategic focus on diverse product offerings, affordability, and efficient inventory management positions it to navigate market conditions. The rental segment showed strong revenue growth, while the financial services segment saw a decline in profitability due to a competitive mortgage market. Investors should monitor the company's ability to manage rising costs, the impact of interest rates on demand, and the ongoing strategic execution across its diverse business segments.

D.R. Horton, Inc. (DHI) has filed an 8-K report on April 20, 2023, to announce its financial results for the second quarter ended March 31, 2023, and to declare its quarterly dividend. The press release containing these details is incorporated by reference into the filing, providing investors with key operational and financial performance updates. This report is crucial for understanding the company's recent performance and its outlook in the housing market. While the full financial details are within the referenced press release, the filing indicates that DHI has met its reporting obligations for the quarter. Investors should review the attached press release for specific figures on revenue, earnings per share, home sales, backlog, and any forward-looking guidance provided by the company. The declaration of a quarterly dividend also signals the company's confidence in its financial stability and its commitment to returning value to shareholders.