D.R. Horton Net Income Rose 11% in Q4 2015

Fort Worth, TX, January 28, 2016—D.R. Horton, Inc. reported that net income for its first fiscal quarter ended December 31, 2015 increased 11% to $157.7 million, or $0.42 per diluted share, from $142.5 million, or $0.39 per diluted share, in the same quarter of fiscal 2015.

Homebuilding revenue for the first quarter of fiscal 2016 increased 5% to $2.4 billion from $2.3 billion in the same quarter of fiscal 2015. Homes closed in the quarter increased 1% to 8,061 homes, compared to 7,973 homes in the prior year quarter.

Net sales orders for the first quarter ended December 31, 2015 increased 9% to 8,064 homes and 12% in value to $2.4 billion, compared to 7,370 homes and $2.1 billion in the prior year quarter.