D.R. Horton Reports Q4 Increase of 35% Year over Year

Fort Worth, TX, November 10, 2015—D.R. Horton has reported that pre-tax income for its fourth fiscal quarter increased 35% to $338.8 million, compared to $250.8 million in the same quarter of fiscal 2014. The quarterly results included $26.3 million of pre-tax inventory and land option charges to cost of sales and a pre-tax goodwill impairment charge of $9.8 million.

Net income for the fourth fiscal quarter increased 44% to $238.9 million, or $0.64 per diluted share, compared to $166.3 million, or $0.45 per diluted share, in the same quarter of fiscal 2014.

Year over year, net sales orders for the company increased 19% in homes to 8,477 and 22% in value to $2.5 billion; homes closed increased 23% in homes to 10,576 and 27% in value to $3.1 billion.