Tue, Nov 19, 8:48 PM (242 days ago)
**D.R. Horton, Inc. (DHI) 2024 10-K Summary:** For the fiscal year ending September 30, 2024, D.R. Horton reported consolidated revenues of $36,801.4 million, a 4% increase from $35,460.4 million in 2023. Net income remained stable at $4,806.0 million, with diluted earnings per share rising to $14.34 from $13.82. Homebuilding operations accounted for 92% of revenues, generating $34,000 million, with 89,690 homes closed at an average price of $378,000. Operating expenses increased, with SG&A rising to 7.5% of homebuilding revenues from 7.1%. The company's financial services segment also saw a 10% revenue increase to $882.5 million. However, rental revenues dropped significantly to $1,677.1 million, down 36% due to fewer single-family homes closed. D.R. Horton maintained a strong financial condition with total assets of $36,104.3 million and a debt-to-total capital ratio of 18.9%. The company faces risks from fluctuating interest rates, economic conditions, and regulatory changes. Future outlook remains cautious, with ongoing adjustments in pricing and inventory management to align with market demand. Overall, D.R. Horton continues to leverage its market position as the largest U.S. homebuilder while navigating economic challenges.