DR Horton Q2 2024 Financial Results: Analysis of Net Income, Revenues, and Key Metrics
DR Horton Q2 2024 Financial Results Summary
Homebuilder D.R. Horton, Inc. (NYSE: DHI) reported a robust performance in the second quarter of 2024, with a notable 24% increase in net income to $1.2 billion. The company's consolidated pre-tax income rose by 23% to $1.5 billion, achieving a pre-tax profit margin of 16.8%. Additionally, consolidated revenues surged by 14% to $9.1 billion.
Key Highlights:
- Net sales orders increased by 14% to 26,456 homes
- Homes Closed rose by 15% annually to 22,548 homes
- Rental operations pre-tax income reached $33.3 million
- Share repurchases of 2.7 million shares for $402.2 million
Overall, D.R. Horton's Q2 2024 financial results demonstrate strong growth across key financial metrics, reflecting the company's solid performance in the residential construction industry.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.