D.R. Horton Q1 Revenues Dip 1% to $7.6 Billion

D.R. Horton, Inc. reported a 7% decline in earnings per diluted share for the first fiscal quarter of 2025, with net income falling to $844.9 million compared to $947.4 million a year prior. Despite a slight drop in consolidated revenues to $7.61 billion, the results exceeded analyst expectations, showcasing resilience in housing demand amid affordability challenges. The company noted a decline in home closings and net sales orders, but improvements in cancellation rates were observed. D.R. Horton maintains its full-year guidance, projecting revenues between $36.0 billion and $37.5 billion and home closings between 90,000 and 92,000. The company also highlighted its liquidity, standing at $6.5 billion, as well as its focus on affordable housing through strategic incentives. Shares of D.R. Horton rose in response to the earnings report, indicating investor confidence despite the challenges in the housing market.