DR Horton Reports Strong 1Q Earnings
Homebuilding bellwether, DR Horton, the largest homebuilder by revenue in the country, reported earnings of 39 cents a share or $142.5M for its fiscal year first quarter. This was up from 36 cents a share in the same period last year, and this year’s 1Q results beat the average analyst estimate by 4 cents a share. Revenue increased from $2.3B compared with $1.6B in the year ago period. In what has been emerging as a consistent theme for homebuilders this earnings season, gross margins fell to 19.8% from 22.3% a year earlier.
About author
You might also like
Housing Industry Poised For More Growth In 2017
IRVINE, CA—A number of factors pull in this sector’s direction, such as jobs, household formations and a lack of supply supported by the demographics of Millennials and Baby Boomers, TRI
MDC Logs 4Q Earnings Miss
MDC Holdings, which builds under the brand name Richmond American Homes, reported 4Q 2014 earnings of $14.6M or 41 cents per share (adjusted up from 30 cents per share to
Building Industry Converges in Vegas
As the International Builders’ Show gets going in Vegas this week, the sentiment seems to be one of cautious optimism. Coming off of a sluggish 2014, loosening mortgage standards for
